Because of focus, one becomes professional
At three in the morning, the cold light from the screen reflected on my face. I watched the K-line chart silently move, but my heart no longer felt the tumultuous waves of seven years ago.
This is not just ordinary sleeplessness; it is the daily life of a trader who has gone through two complete cycles of bull and bear markets. Seven years ago, I also entered the crypto market with dreams of overnight wealth, but after countless liquidations and despair, I finally understood: surviving in this market is a thousand times more important than making quick profits.
Now, I still watch the market late at night, but my mindset is completely different.
01 The Awakening of the Survivor: There is no Holy Grail in the market
Countless nights of liquidation have taught me a cruel truth: there is no such thing as a risk-free strategy in the crypto market, only a game of probability and risk control.
I have seen too many gifted traders exit early, not because they are not smart enough, but because they are too confident in their judgment. I myself have almost ended up on the roof due to a trade I thought was 'guaranteed profit.'
True trading experts are not those who achieve incredible short-term gains, but those who can survive over the long term—'turtles.' They understand that each trade is just a roll of the dice in a probabilistic game; what matters is not a single result, but consistently adhering to a strategy with positive expected value.
In the crypto world, self-inflation is the number one killer of accounts. Nothing inflates a trader's ego more than a big win, but the market will always remind you in cruel ways who is really in charge.
02 Three-Layer Filtering System: The Iron Rules I Choose Assets
Seven years of blood and tears have led me to summarize a three-layer filtering system, which is my core weapon that truly keeps me alive.
First Layer: Dual Screening of Popularity and Resilience
I am currently only focusing on varieties with real trading heat in the past two weeks, but there is one key indicator: it is essential to observe its performance in a downward market. Assets that fall sharply for three consecutive trading days with almost no rebound will be directly blacklisted.
The cruelty of the market lies in the fact that assets lacking resilience often mean that the main force has already exited, leaving behind endless retail investors stepping on each other. Do not believe in the temptation of 'bottom-fishing'; such trends usually indicate a collapse in fundamentals.
Second Layer: Judging the Long-Cycle Trend
Open the monthly chart; if the trend indicators are not in a bullish arrangement, I will not touch them. I warn my team members: 'Do not go against the monthly trend; that is to go against the collective will of the entire market.'
The market may sometimes give you short-term counter-trend opportunities, but true winners know that trading with the trend is the way to survive in the long run. The monthly line represents not the strength of a few days or weeks, but the market consensus over months or even years.
Third Layer: Accurate Timing for Entry
Once the big trend is confirmed, I will only wait for the daily line to pull back to key moving averages (like the 60-period) accompanied by volume signals before entering. Prices may be right, but without accompanying volume, it is often a trap rather than an opportunity.
Many newcomers are obsessed with finding the 'lowest point' or 'highest point,' but experience tells me that this pursuit of perfection is the root cause of liquidation. I would rather give up the first 10% and the last 10% of profit space and just take the safest 70% in the middle.
03 Exit Iron Rules: Only those who can sell are masters
The biggest trap in the crypto market is 'paper wealth'—many people know how to buy, but do not know when to sell.
My exit strategy is based on three iron rules:
When profits reach 25%, immediately reduce the position by 1/3, using profits to cover all principal risks. This ensures that even if the subsequent market reverses, I have already preserved my principal.
When profits exceed 40%, reduce another 1/3 of the position to establish sufficient safety margins. Greed is the biggest enemy of excellent traders.
Once the price falls below the 60-day moving average after entry, regardless of profit or loss, immediately liquidate. This rule has pulled me back from the edge of a cliff three times during the bear market in 2022.
Many traders focus their attention on entry points, as if that is the holy grail. But the truth is: exit strategies are the key to determining your final profit and loss.
04 Human Nature Management: The Trader's Greatest Enemy
Last week, a fan complained to me: 'Teacher, according to your method, I missed a 35% market move, what a pity!'
My answer is very direct: 'The market never lacks 35% opportunities, but what is lacking is the capital to wait for the next opportunity.'
Trading is essentially a game against human nature. When we profit, we tend to become overconfident and increase leverage; when we lose, we often harbor a sense of luck, hoping for a market rebound.
Fatigue is the great enemy of trading. Decision fatigue is scarier than a market crash—when you are exhausted, your brain takes shortcuts, and these shortcuts often lead to wrong decisions. Therefore, I established a non-negotiable rule: do not trade when my mental state is poor.
True trading experts are not those who never make mistakes, but those who can stick to the rules even when they do. The market owes you nothing; maintaining humility is the only way to stay in the game.
05 Seven Years of Insights: Trading is for living, not living for trading
Nowadays, I still watch the market late at night, but I no longer let trading completely dominate my life.
True freedom is not about how many numbers are in your account, but the ability to calmly turn off the screen no matter how the market fluctuates, to sit down with family for a hot meal, and to sleep soundly without being disturbed by the market.
Once, in pursuit of account growth, I sacrificed my health, family, and life. Now I understand that the successful traders are not those who make the most money, but those who find balance.
In this industry, what you want is not retirement, but freedom—freedom is waking up to do what you want, creating with interesting people, and having ample time to spend with family and friends.
Conclusion: Survive, and everything becomes possible
The crypto market never lacks miracles; what is lacking is a rational mind to maintain in the midst of miracles.
If you are struggling in this market, remember: lose a little less, eat well, and sleep soundly. The market will always be there, and opportunities will come again, but the prerequisite is that you must live to that time.
Every bull market creates a batch of stars, and every bear market eliminates most of them. True winners are those who remain in the game after multiple bull-bear transitions.
This market is never about who makes money faster, but about who lives longer. Only those who live longer are qualified to talk about victory.
Have you ever lost sleep over market conditions? What confusions have you encountered in trading? Feel free to share your experiences in the comments, and I will reply to each one, helping you avoid the pitfalls I once fell into.#巨鲸动向 #BinanceABCs $ETH
