Hello friends, I am your old friend, a 'veteran' who has been in the cryptocurrency world for nearly ten years. I stumbled into this circle at the age of 18, and now at 27, I can barely be considered an 'eight-figure player.' My greatest sense of achievement over the years is not how much I've earned, but that I rarely argue with others and have few worries—this is truly not just good luck, but rather that I have avoided some pitfalls in advance.
The six rules I'm sharing today may not guarantee you wealth, but if you want to survive and thrive in this market, these insights gained through real money may be more practical than reading ten research reports. I suggest you save them and review them repeatedly.
1. Only acknowledge 'absolute trends,' don’t throw tantrums with the market.
The market is always right; it has no feelings and will only tell you the facts through prices. What I call 'absolute trends' are those major trends that, once started, even project parties and whales must follow. My principle is simple: never go against the market, immediately admit mistakes if found, and adjust right away.
I basically don't look at market trends that fluctuate up and down or move sideways. Your task is to surf, not to clash with the waves in the rocky area. Remember, the trend is your friend, but it is also an unfeeling friend that can leave at any time.
2. Learn to wait for the prey like a hunter, don’t be like a fisherman who keeps casting nets.
The market is open 24 hours, but that doesn't mean you should trade 24 hours. Frequent trading is the fastest way to wear down your capital and mindset. Most of the time, I am actually watching and waiting. Real opportunities may only come a few times a year; patiently wait for that high risk-reward ratio and clear logical timing, then act decisively.
Shooting randomly usually serves no purpose other than scaring away prey and wasting bullets. Staying still is often the smartest choice.
3. Technical indicators are 'rearview mirrors,' not 'navigators.'
To be honest, all indicators are lagging. When you see signals like golden crosses and breakthroughs, the market has often already moved a bit. Blindly believing in indicators can easily turn you into a 'precise buyer.'
Indicators can be referenced, but they must never be the only basis for decision-making. The real navigator is your independent judgment of market sentiment, capital flow, and macro logic. Don't use the rearview mirror as navigation; otherwise, you'll crash sooner or later.
4. Forget your 'cost price'; the market doesn't care about your profits or losses.
This phase is very counterintuitive. Once you open a position, your buying cost has nothing to do with how to operate afterward. The decision to hold on or not can only be based on the current market trend and future expectations, not on 'waiting to break even before selling' or 'not wanting to leave with a small profit.'
If the trend deteriorates, you must reduce your position even if you are at a floating loss; if the trend is still there, even if you have made a lot, you must hold steady. Let rationality help you make decisions, don’t let the cost price bind you.
5. Always use money that you can sleep on to play.
This is the bottom line and also a lifesaver. Before investing, first ask yourself: if I lose this money completely, will it affect my life and keep me up at night? If the answer is 'yes,' immediately reduce your position. Use spare money so you can stay calm and make composed decisions.
Borrowing money, selling a house, going all in? That’s pretty much the standard script for returning to square one overnight. First, ensure survival, then think about making money.
6. Regularly 'take profits,' turning profits from the screen into real wealth.
No matter how good the numbers in your account look, as long as you haven’t withdrawn, it’s all a virtual game. I have developed a habit; no matter how optimistic I am about the market, I will forcibly take some profits at regular intervals. This not only locks in gains but also gives you psychological confidence—the money you have truly obtained is your money.
Knowing how to buy is the apprentice, knowing how to sell is the master, and knowing how to cash out is the true winner.
Finally, let me say a few heartfelt words.
In this market, surviving longer is far more important than becoming rich in an instant. These rules are not myths; they rely on restraint and discipline. I am not a god, I can also make mistakes and miss out, but this way of thinking has helped me avoid most life-threatening pitfalls.
Investing should use spare money; even if you lose everything, it should not significantly impact your life. The risks in the cryptocurrency market are far higher than in the stock market; becoming poor one day and rich the next is the norm, and you must have an unbreakable psychological endurance.
If you feel a bit inspired, feel free to follow me. I am an old hand, see you next time.#巨鲸动向 $ETH
