I am the one who once turned a capital of twenty thousand into 1200U, the 'gambler,' and later used that 1200U to roll out a 28-fold profit, the 'madman.' Today, I won't discuss metaphysics; instead, I'll share seven ironclad rules earned through blood and sweat. If you have ever trembled at the K-line chart in the dead of night, this article might help you avoid three years of detours.
First rule: A hunter who doesn't 'zone out' will eventually become prey.
The market is not an amusement park; it is the African savannah. When the signals are unclear, running around is equivalent to delivering food. I was once obsessed with the idea of 'having to operate every day,' resulting in frequent losses, eating up all my principal with fees.
Key insights: Build your 'hunting list' — only act in these situations:
Key indicators resonate (like multi-period moving average breakouts + volume continuously expanding for three days).
The market sentiment diverges from the currency trends (when others panic, you watch the market; when others are crazy, you count your money).
Remember: missing ten opportunities means no loss; hitting one trap could lead to immediate exit.
Second rule: Chasing hot stocks? Please wear your ice skates.
Popular coins are like fireworks, dazzling but fleeting. I once FOMO'd into a certain animal coin, made a fortune in five minutes, but greed made me hold on for two hours, resulting in evaporated profits and a 30% loss.
Survival strategy:
Set stop losses and take profits before entering (I usually: -5% cut losses, +20% take profits in batches).
Watch three heat indicators: Twitter discussion growth rate, listing duration on exchanges, and large address movements. If any indicator turns down — clear your positions immediately, don't look back!
Third rule: The trend is your friend, but it is 'socially anxious'.
Once the upward trend is confirmed (three consecutive days of increased volume and bullish closes), treat it like a socially anxious friend — reduce disturbances and silently accompany.
I used to frequently swing trade during a bull market, but after fees deducted from profits, I also sold off tenfold coins. Later I learned: as long as the daily trend is unbroken, I remain steadfast, regardless of the five-minute fluctuations.
(To be blunt: Most who trade daily are the type of clients brokers love the most.)
Fourth rule: A massive bullish candle is the market's 'smile trap'.
Whether in a bull or bear market, a sudden massive bullish candle shooting up is likely the main force distributing candy — candy wrappers are sweet, but the candy melts quickly.
My moves: Immediately launch the 'three-batch take-profit method' — sell 40% at market price, sell 30% on a 5% pullback, and hold the remaining 30% for a breakout; if it breaks the previous high, then re-plan.
Don't fantasize about consuming the whole fish; the fish tail has many bones.
Fifth rule: Moving averages are not 'fortune-telling lines', they are your safety belt.
Many newcomers treat moving averages as mysterious symbols, but they are the most honest navigation tools.
Short-term players focus on the 7-day and 25-day moving averages; buy on a golden cross, sell on a death cross, and don't get tangled in the feeling of 'it can still rise'.
Medium to long-term players watch the 99-day moving average; online pullbacks are opportunities, offline rebounds are temptations.
(I once ignored the support of the 99-day moving average, resulting in bottom fishing at mid-slope; now I behave as obediently as a driver following traffic rules.)
Sixth rule: Acting against human nature is not 'counter-trend', it's taking the emergency lane.
When the market panics and plunges, I instead open my watchlist and begin to build positions in batches — but I never go all in!
Bottom fishing mantra: stabilize without guessing the bottom, divide into three batches, add 10% for every 10% drop, reduce 10% for a 5% rebound.
Similarly, when the market is euphoric, I reduce my position by 10% weekly until I leave a bottom position to watch.
(Others say I am calm, but I just inked the scars of cutting losses onto my trading plan.)
Seventh rule: Position management is your only 'bulletproof vest'.
I used to love gambling until 1200U taught me a lesson. Now:
Single coin holdings should not exceed 15% of total funds.
Total position should never exceed 80% (leave 20% in USDT for a peaceful sleep).
Every trade must include a stop loss, even if it means getting slapped in the face later.
A few heartfelt words in the end.
There is no holy grail in the crypto circle, only survivors.
My 280,000 USDT is not a 'getting rich story', but the result of more than a hundred disciplinary executions. If you are also tired of being emotionally swayed by the market, why not start from today:
Look less at prices, read more rules; bet less on direction, practice more patience.
The market is always there, and opportunities are always available — but your principal may not be.
I am @On-chain Dinner (pretending this is the blogger's name), an analyst who crawled out of the pit.
