The apples from last Christmas Eve haven't warmed up yet, and my hand staring at the phone screen has already gone cold. The screen is filled with red warnings like a glowing branding iron, and the 800,000 principal has evaporated to only 3,300 yuan, not even enough to buy Christmas gifts for the kids. My wife brought me hot soup, without scolding or complaining, just saying: 'How about we uninstall the software and find a 9-to-5 job?' That night I stared at the ceiling until dawn, not because I felt sorry for the money, but because I suddenly woke up and scolded myself: previously charging around the market wasn't being a trader, it was just a reckless person holding cash like a torch.
Now my account balance finally matches the three words 'analyst'. The seven-digit balance was not achieved through insider information, nor did I believe in the nonsense of 'doubling overnight', relying solely on a survival philosophy of 'the more timid, the more profit'. If you have ever been ground into the dirt by the market, or lost sleep over volatility, today's heartfelt words are more useful than any candlestick tutorial.
Iron Rule One: Weld the 'coffin capital' shut, only play with spare change.
I've seen too many people stumble. Newbies die chasing hot trends, while veterans die thinking 'this time it must be safe' and going all in. After taking a big loss once, I set a strict rule for myself: at no time should my position exceed 40%. The stop-loss line is like a high-voltage line; if it touches the 15% retracement red line, I run; even a second of hesitation feels like slapping myself.
During the sharp decline in March this year, my mainstream coins once retraced to 14.8%. At that time, the group was full of calls for 'bottom-fishing and averaging down.' Some said, 'It's just the dealer washing the plate; if you hold on, it will be a bull market.' I kept my rules in mind and directly liquidated without hesitation. As expected, the next day the price continued to drop. When it hit the critical support level, I reversed my position, and within two days, I made back my previous losses, with the account jumping from 30,000 to 42,000.
Later, someone called me a 'coward' and said I lost how much. I just smiled: In this market, staying alive is always more important than making a little more. It's like playing a level-up game; you need to save your revival gear first; you can't rely on luck to be fully restored every time.
Iron Rule Two: Only be friends with trends, don't fall in love with fluctuations.
Many people always think they can 'precisely catch the bottom' and 'perfectly escape the top,' staring at the 15-minute chart every day guessing the ups and downs, busy like a bargain-hunting aunt at the market, and in the end, they earn nothing and end up with panda eyes. My current principle is: The trend is the big brother, the fluctuations are the little fairy; only follow the big brother and don’t let the little fairy steal your soul.
In April, a popular cryptocurrency's daily chart showed a clear upward trend, with technical indicators giving clear signals. When it broke through the critical point, I entered with a 40% position and added small batches every time it pulled back to support. By May, when the price surged to a high point, I first took half of the profits and converted them into stable assets, directly taking the team for a week-long vacation in Sanya. When you make money, you have to spend it; otherwise, what's the difference from just numbers?
Remember, in a volatile market, even the best experts can easily get slapped back and forth. If you open the market and see the candlesticks like a maze, don’t stubbornly enter as a 'bag holder'; it’s better to close the software and grab a cup of coffee. The market is not short of opportunities; what’s lacking is the patience to wait for them.
Iron Rule Three: Take profits first, don't let profits go back to the market.
This is the easiest to overlook but the most crucial rule. Many people get carried away once they make money, thinking 'it can go up again,' and as a result, their profits get swallowed back by the market before they even warm up, and they even incur losses on their capital. I have developed a compulsion: after each round of trading ends, I immediately transfer 70% of the profits away, leaving only 30% of the capital to continue operating.
In the past six months, I have turned out 630,000 in profits alone, first paying off the mortgage and car loan, and saving the rest as 'family emergency funds.' Even if I lose all the operating funds I have now, it won't affect my life; my mindset is stable. Last night, a cryptocurrency broke out with increased volume; I followed it with a small position and set my stop-loss; if I made a profit, it would be like adding a chicken leg, and if I lost, it didn't matter because the capital was all 'entertainment money.' No pressure means better trading.
Someone asked me, what is the core of crypto trading? I pointed to the sticky note on my computer screen and showed him the three words: 'fear of death, follow the trend, take profits.' He laughed and said I was too timid. I didn't argue; many who laughed at my timidity are still worrying about the money for their next meal, while I can already sleep soundly.
Finally, I want to tell everyone that the market is like the subway; if you miss this train, there will be another one next; there's no need to chase it. But trading discipline is your oxygen tank; without it, you might not even survive until the bull market station. If you're tired of the roller coaster ups and downs, why not try my 'turtle strategy'? Slow down, be steady, live longer, and you can wait for your own opportunity.
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