The red line on the screen is not a chart, but the fresh blood of a novice. Last night, another friend sent a screenshot of their liquidation; 20x leverage brought him back to square one in half a day. I silently replied: 'Buddy, in the crypto world, surviving long is the real deal, not making quick profits.'
Three years ago, I stepped into the crypto world with dreams of sudden wealth, imagining a life of luxury cars and mansions. Reality gave me a heavy punch— the market specializes in dealing with all forms of disobedience. Now, I have survived over 1000 days relying on three 'fear of death rules,' and my account has steadily grown. This is not some myth, but a lesson learned through scars.
Rule one: Leverage? I treat it as a dangerous item.
When I first entered the circle, I was also enamored with the magic of leverage, thinking it was a shortcut to wealth. It wasn't until I witnessed countless people turn to cannon fodder because of leverage that I realized: high leverage is equivalent to a suicide attack.
The crypto market is highly volatile; even a 30% daily fluctuation in mainstream cryptocurrencies is common. I have set a strict rule for myself: never exceed 3x leverage, and keep daily operations controlled at 1-2x. This may seem conservative, but it has allowed me to survive multiple volatile conditions.
My practical bottom line: use profits to roll profits, and never take risks with the principal lightly. During the novice period, it’s best to start with 1x leverage to get a feel for it, and only consider a small increase after continuous profits.
Rule two: Adding positions? I only use 'profits to generate eggs.'
My core funds are like the homestead back home, unshakeable. All additional positions must come 100% from realized profits.
This tactic allows me to always maintain a 'not afraid of trouble' mindset. For example, if my first investment of 5000 yuan earns 2000, my next position size would be that 2000. Even if I lose it all, my principal remains intact. Using the market's money to continue playing with the market changes my mindset completely.
This aligns perfectly with the concept of position management: never be fully invested, always keep 30% cash to deal with crashes. In extreme market conditions like Black Thursday, this tactic gave me the opportunity to buy quality assets at the bottom.
Rule three: Stop-loss? I'm more ruthless than a robot.
'Just hold on a bit longer, it will bounce back'— this inner monologue has destroyed countless accounts. My stop-loss line is etched on my forehead: a single loss must not exceed 2% of total funds.
In crypto trading, fatigue is the enemy of decision-making. Therefore, I have developed the habit of setting stop-loss orders before opening positions, then stepping away from the screen to avoid emotional interference. Last year, I triggered stop-losses four times consecutively, losing a few hundred, but avoided a significant downturn later and ultimately captured the main upward wave to double my investment.
Discipline is not about pursuing perfection, but about doing the right thing even when it feels uncomfortable. When you can calmly accept small stop-losses, you have truly entered the door.
Survival is the hard truth.
The crypto world lacks stars, only lacks longevity. Those stories of 'doubling in a day' sound appealing, but what can truly guide you through bull and bear markets are the rules that allow you to sleep at night.
The market owes you nothing; staying humble is the only way to remain in the game. In a bull market, don't think of yourself as a god; in a bear market, don't think of yourself as a ghost.
Now, I still insist on reviewing daily and summarizing weekly. The crypto world is not a casino, but a battlefield of cognition and discipline. The wealth here will ultimately flow to those who are patient and disciplined.
Greed brings people in, fear drives them out, but only discipline allows you to survive. This is my 'fear of death philosophy,' and it's the core secret that has allowed me to last over 1000 days in the crypto world.
Survive, and you will wait for opportunities.#巨鲸动向 $ETH
