Last night, I reviewed this year's trading accounts and discovered a very interesting pattern: 80% of the annual returns come from just three trades, and all three held for over half a year. What about the remaining 20%? After all the tinkering and paying fees, the profit is barely noticeable.
This reminds me of Charlie Munger's classic saying: Big money is made sitting, not through frequent trading.
In the crypto market, everyone wants to buy and sell quickly, flipping their positions overnight. But I increasingly realize that what truly makes a difference isn't how ahead of the curve your information is, but whether you can live up to your own investments. In other words, your patience is worth billions.
**Why is "waiting" so painful?**
Because we live in an era that seeks instant results. Short videos with a punchline every 15 seconds, food delivery arriving in 30 minutes, crypto trading where you want to see profits within a minute. The younger you are and the more time you have, the less patient you become; but once you truly learn to wait, your time is already running out.
In 2020, I bought a token that I held for three months with no significant movement, so I couldn't help but sell it. Six months later, it increased 20 times. This lesson made me realize: those who constantly watch the charts often miss the juiciest opportunities.
What is the logic behind farmers planting fruit trees? In the first three years, watering and fertilizing seem to yield little benefit, but by the fifth year, they can harvest every year. The logic in the crypto market is similar.
**Learn to avoid others' pitfalls**
My biggest advantage is that I have a thick skin. Every time I see someone get liquidated or miss an opportunity, I think: what did they do wrong? Did they leverage too aggressively? Or did they not understand their own risk tolerance? From a different perspective, these mistakes are just the cheapest tuition.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
16 Likes
Reward
16
9
Repost
Share
Comment
0/400
GateUser-e87b21ee
· 7h ago
80% of the returns come from three six-month holdings, this data is a bit brutal, indicating that we are indeed all just messing around.
I don't dare to hold onto the coins in my hands, always worried that the next second will cause a dump, resulting in paying fees but not capturing the gains.
That 20% of frequent trading is really just working for the exchange, it's hilarious.
Sitting and making money sounds simple, but in reality, it takes a lot of perseverance to do it.
I've also experienced the trade where I cut my losses by 20 times, now I keep bouncing between holding back from cutting losses and obsessively watching the market.
When I was young, I thought I had a strong risk resistance, but it turned out I lacked patience and often got off at the starting point.
View OriginalReply0
MEVSupportGroup
· 18h ago
80% gains rely on three long-term holds. I'm good at it, but I just can't shake the bad habit of frequent trading out of impatience.
Really, watching others get liquidated is like watching a spectacle—it's just that I can't be harsh on myself.
I also took losses back in the day, like when a stock surged 20 times. Thinking about it now still hurts.
Patience is easy to talk about, but who truly practices it? When young, we're too impatient; we have time but no gains. When we're older, we have gains but no time. That's just fate.
Leverage traders should take a look at this, or else the next one to get liquidated could be you.
View OriginalReply0
WenMoon42
· 21h ago
Handshake, this is my trading philosophy. 80% of the profits come from three long-term holdings. To be honest, it's nothing special; the problem is that most people simply can't sit still.
Frequent trading is like working for the exchange, with fees eating up half the profit, and the rest depends on luck. I've seen too many people staring at the charts every day, only to miss out on the biggest opportunities. The example of 20x returns really hits home; if it were me, I would have sold at that time too.
Just thinking about it makes me frustrated.
View OriginalReply0
MetaMaskVictim
· 12-29 19:53
It's the same theory again. I was thinking the same way in 2020, and now I'm still waiting for that 20x return.
I'm the one who keeps watching the market and getting cut out. Your words hit too close to home.
Making money while sitting? I'll try to see if I can sit my way to a profit.
Holding for half a year is indeed satisfying, but the problem is choosing the right coins. If you pick the wrong one, losing 50% in half a year is really painful.
I've heard of the 80/20 rule, but how many people can actually do it? Anyway, it's not me.
View OriginalReply0
MetaverseVagabond
· 12-29 19:53
I'm a bit confused. Isn't it normal to lose half of the 20% profit to fees after all the effort?
Honestly, 80% comes from three long-term holds, and the remaining 20% is a reckless short-term play. These numbers are a bit painful.
That token which was cut in 2020 and then increased 20 times, do you still think about it now?
Frequent market watching is really a trap. The more you watch, the more you want to trade; the more you trade, the more you lose.
That's why patience is worth billions. The key is to find assets worth waiting for.
View OriginalReply0
¯\_(ツ)_/¯
· 12-29 19:53
Wow, 80% of the gains come from just three trades? Does that mean all the effort I put in every day was in vain? That's a bit heartbreaking.
The idea of making money while sitting comfortably sounds easy, but if you have coins that haven't moved in three months and you don't check the market, you need a really strong heart.
And the story of 20x returns is even more outrageous. We've all been there, cutting losses until we're bleeding.
View OriginalReply0
ArbitrageBot
· 12-29 19:47
Oh no, this is exactly what I've been wanting to say. Frequent trading is synonymous with paying tuition fees.
Huh, my 20x leverage also took half a year to take off. Looking back, I should have just held on from the start.
Most people stare at the screen until they go into depression, and as a result, they miss the real opportunities.
Well said, patience is money, I agree with that.
I've also cut my losses a few times, and now I regret it immensely.
People still need to learn to wait, but it's really hard.
This logic is sound, but it's difficult to implement.
Watching others get liquidated definitely teaches you something; consider it paying tuition fees.
Those who sit and make money are winners, while those who tinker are just running in place.
Frequent trading fees alone are enough to kill most of the profits.
View OriginalReply0
BearMarketBarber
· 12-29 19:33
Wow, isn't this just a reflection of my daily life? The fees I pay can be used to buy another round, and when I check the ledger, I realize I'm just working for the exchange.
Last night, I reviewed this year's trading accounts and discovered a very interesting pattern: 80% of the annual returns come from just three trades, and all three held for over half a year. What about the remaining 20%? After all the tinkering and paying fees, the profit is barely noticeable.
This reminds me of Charlie Munger's classic saying: Big money is made sitting, not through frequent trading.
In the crypto market, everyone wants to buy and sell quickly, flipping their positions overnight. But I increasingly realize that what truly makes a difference isn't how ahead of the curve your information is, but whether you can live up to your own investments. In other words, your patience is worth billions.
**Why is "waiting" so painful?**
Because we live in an era that seeks instant results. Short videos with a punchline every 15 seconds, food delivery arriving in 30 minutes, crypto trading where you want to see profits within a minute. The younger you are and the more time you have, the less patient you become; but once you truly learn to wait, your time is already running out.
In 2020, I bought a token that I held for three months with no significant movement, so I couldn't help but sell it. Six months later, it increased 20 times. This lesson made me realize: those who constantly watch the charts often miss the juiciest opportunities.
What is the logic behind farmers planting fruit trees? In the first three years, watering and fertilizing seem to yield little benefit, but by the fifth year, they can harvest every year. The logic in the crypto market is similar.
**Learn to avoid others' pitfalls**
My biggest advantage is that I have a thick skin. Every time I see someone get liquidated or miss an opportunity, I think: what did they do wrong? Did they leverage too aggressively? Or did they not understand their own risk tolerance? From a different perspective, these mistakes are just the cheapest tuition.