The market has been pulling back and forth in a range recently.

As a newcomer to trading who has just recently entered the field, my approach was quite simple in the past:

When it went up, I wanted to chase more; when it went down, I wanted to buy the dip; seeing a big bullish candlestick made me afraid of missing out, and a slight pullback would start to make me doubt the direction.

Ultimately, I used to think the most about "how much can I make from this trade," and rarely thought seriously about "what if I'm wrong."

It wasn't until I watched a live trading session from 【Sanqian Community】 last week that I realized:

Many times, losing money is not because I can't analyze, but because I didn't wait for the right moment to act.

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1. 【Sanqian Community】 helped me understand for the first time: Not every position is worth trading

I used to love guessing tops and bottoms, always thinking that buying at the lowest point and selling at the highest point was impressive.

But there was a point in the 【Sanqian Community】 live session that left a deep impression on me:

Don't be obsessed with catching the whole fish; give up the head and wait for the right-side signal to eat the body.

I used to think that this meant losing out on some profits.

Now I actually think:

A little less profit is still better than being wiped out for guessing wrong.

BTC: In a volatile market, what really matters is "waiting."

The live session focused on the struggle for chips around 64,000 USD for BTC, and whether the upward breakout near 64,700–65,000 USD would form a valid confirmation.

If the price keeps oscillating within the range without a clear breakout, frequent trading can easily lead to:

Opening position → Stop loss → Unwilling → Reopen → Stop again.

I used to think, "The market is right here; isn’t not trading a waste of opportunity?"

Now I begin to understand:

Without a clear signal, without a suitable risk-reward ratio, and without a defined risk boundary, why should I trade?

Sometimes the most mature trading decision might just be: "Don't trade here for now."

2. ETH helped me realize: Seeing a pattern does not equate to seeing a trading signal

ETH's 12-hour and daily charts have shown some structures similar to a rounded top.

In the past, when I saw such a pattern, I might think directly: "Is it going to drop?"

But the analysis in the 【Sanqian Community】 live session did not simply equate the pattern with a trading signal.

For example, around 1,970 USD, if I just saw the pattern and prematurely judged that the market was weakening, fundamentally it was still a left-side judgement.

What truly needs to be observed is whether the key position is effectively broken and whether there is subsequent candle confirmation.

Especially the critical support near 1,800 USD, it is necessary to observe whether the price is:

Breaking down → Confirming → Continuing

Or:

Dropping to → Stopping dropping → Pulling back.

This made me truly understand:

A pattern is just part of the analysis, not the trade itself.

In the past, I would ask: "Should I short?"

Now I will first ask: "Does the market provide enough clear confirmation?"

The former is guessing; the latter is a trading plan.

3. What truly changed me was 【Sanqian Community】’s emphasis on "not trading"

In the past, I always felt that capable traders should be able to find opportunities every day.

But the live session helped me to re-evaluate "not trading."

No signal? Wait.

Inappropriate risk-reward ratio? Wait.

Unclear risk boundary? Also wait.

I used to forcibly look for opportunities just because "I haven't traded today."

Looking back now, I probably treated:

"Must trade" mistakenly as "trading ability."

True trading ability sometimes lies in:

Whether you can resist opening a position.

4. From "I think it will go up" to a real trading plan

For instance: "I think BTC will go up."

This is just a viewpoint.

A real trading plan should be:

 

• If the price stands above the key position and establishes confirmation, consider the next step;
• If the judgement is invalidated, reassess;
• If no signal appears, continue waiting.

The biggest difference lies in:

A viewpoint only considers "what to do if I'm right," while a trading plan must consider "what to do if I'm wrong."

So now before I trade, I will ask myself more:

 

• Why is it worth paying attention to right now?
• What conditions need to appear for the judgement to be validated?
• If the judgement fails, where is the risk boundary?
• If there is no signal, can I keep waiting?

If I can't answer these questions clearly, it might mean that this trade doesn't need to happen at all.

5. If I were to summarize this live session, I would now use three words

In the past, I thought the most important thing in trading was: "Accuracy."

Now I believe three more words are equally important:

Wait

Wait without a signal.

Not every market is worth participating in.

Control

Control your position, risk, and emotions.

Don't let one judgement affect the next decision.

Acknowledge

Acknowledge when you are wrong, acknowledge when the plan fails.

Don't take unnecessary risks to prove yourself right.

If I were to condense the changes this live session brought to me into one sentence:

Before, I wanted to know whether the market would rise or fall next; now I want to know whether there are enough conditions at this position for me to make a trading decision.

In Closing

In the past, what I feared most in trading was missing market opportunities;

Now what I fear more is jumping in without a plan.

So now I remind myself to wait for signals, control risks, and acknowledge mistakes.

It’s okay not to earn all the money; it's also okay to miss out on a segment of the market.

First learn how to survive before considering how to go further.

This is also the biggest change I experienced after watching the 【Sanqian Community】 live session.

📅 Next Live Session of 【Sanqian Community】

If you have just started trading or are experiencing stages of chasing and killing, frequent trading, or struggling with stop losses, you can check out the upcoming live sessions from Sanqian Community.

Not to find an answer to follow blindly, but to observe a complete trading decision-making process.

From: Watching the market → Identifying key positions → Waiting for confirmation → Formulating plans → Execution → Risk control

See how professional traders analyze and handle market changes.

The final trading judgement still needs to be made independently, in conjunction with your own understanding and risk tolerance.

Next live session: August 15 (Saturday) 20:00

🔗 Live link:

https://meeting.tencent.com/dm/K3i4PhYDKPsG

【Sanqian Community】

First understand trading, then make your own judgement.

First learn to control risks, then consider profits.

(The above is just my personal class notes and reflections, not investment advice. The cryptocurrency market is highly volatile, and everyone must think independently and manage risks well!)

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