How many people in the crypto world spend money like water but live a patched-up life?
Most people in the crypto space have some form of sub-health issues.
Staying up late, holding positions, staring at screens without turning on the lights, anxiety, regret—various mental struggles are very common in the crypto world.
I suggest everyone be kinder to themselves.
These past two days, I’ve been eating frozen food from the fridge, reheated in the microwave, and ended up getting sick.
Vomiting, diarrhea, and stomach cramps.
During the entire May Day holiday, I stayed home facing my computer and phone. My life was filled with red and green candlesticks of different levels, and the K-line chart became my ECG. When tired, I played some LOL, completely losing track of day and night.
We crypto traders usually have relatively flexible schedules, so we don’t like to join the crowd or go out much.
At some point, I got used to ordering a lot of food and fruits to store in the fridge. This time, I ordered some marinated snacks, left them in the fridge for two days, and thought the fridge’s quality and preservation were good. This morning, I microwaved and ate them, thinking it was fine.
This bad habit led to my inevitable suffering.
Suddenly, I experienced severe stomach pain, cramping intensely. My stomach went into spasms.
I thought diarrhea would make me feel better, but it was immediately followed by vomiting.
You see how foolish we are—earning through exchange rate differences, spending in RMB, throwing hundreds or thousands of USDT at meme coins without blinking, but treating our own lives carelessly.
I need to change and treat myself better... Occasionally cashing out only when the market seems uninteresting, thinking there’s no point in holding. When the market sentiment is good, holding a bunch of tokens, and as soon as something goes wrong, suffering a big drawdown. When there’s no sentiment in the primary market, moving to the secondary market or DeFi to try arbitrage.
But no matter how you play, the losses you’re meant to take won’t be avoided. If you’re lucky, you’ll realize your mistakes early when the cost of errors is low. Adjust early to reduce the time spent tormenting and suppressing yourself.
It’s still important to establish more principles and rules for yourself.
Have you experienced painful lessons in crypto trading that led you to set rules for yourself? Can you share them?
For example, I’ve set some principles after playing around recklessly with contracts in the past:
1. Always set a stop-loss when opening a position, whether it’s a limit order or a market order.
This way, you can see how much you might lose if the stop-loss is triggered, observe its psychological impact on yourself, and it won’t affect your sleep or other activities.
2. Never use leverage exceeding 5x of your actual capital, especially as profits approach key market levels. Gradually reducing leverage becomes essential. (For example, opening a long position at the start of a rally—high risk-reward ratio—and reducing leverage as you approach resistance levels or during times of significant policy news, like these past two days, is very beneficial. It helps adjust your mindset and minimizes drawdowns during volatility or trend reversals.)
3. On-chain stop-losses are also necessary. Unless there’s a particularly strong narrative that might resurface in the future, leave some scraps behind. Most MEME tokens lose all value once the hype is over, so don’t harbor any illusions.
Playing with contracts too much can make you short-sighted, reducing your sensitivity and preference for long-term trends. That’s why I increasingly prefer making high-certainty trades, setting stop-loss and take-profit points for contracts, and then not looking at them. Sometimes, this helps me ignore some smoke screens and volatility. In such cases, low leverage becomes especially important.
Good health and a good mindset are the most important things. Any person or behavior, including yourself, that affects your physical and mental health should be carefully reconsidered.
Stay up late less, change the mindset and operations that make you hold positions, lower leverage, cash out regularly, set more principles, and brothers, be kinder to yourselves.
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