Risk Management

Think in percentages of your portfolio, not dollar amounts. The test before every trade: if this goes to zero, can I still trade normally tomorrow? Size up only with real conviction from real research — and remember that spreading tiny bets across 20 coins kills returns just as surely as oversizing one. Concentrated, researched conviction wins.

The most repeated — and most ignored — lesson in the space: if you're up a life-changing amount, take profits. Scale out gradually on the way up instead of trying to time the exact top. Great self-check: if I didn't own this coin and saw it at this price, would I buy it now? If no, sell some. Charts go stairs up, elevator down.

Big losses are rarely bad luck — they're hidden process weaknesses the market exposed. After a loss: don't revenge trade, don't freeze. Name the exact failure (oversized? no exit plan? ignored red flags?) and convert it into one concrete rule. Journal every significant trade: entry, thesis, outcome, lesson. You're not trying to make the money back — you're trying to make money. Different mindsets, different results.