I have already lit the lamp for you, whether to go or not is up to you.
In less than 3 months, I rolled a nondescript 2000U account to nearly 80,000U. This is not the script of Wall Street wolves, there is no insider information, no hundred times betting, and certainly no thrilling liquidation.
I have also experienced liquidation: staying up late to watch the market, chasing highs and lows, using ten times or twenty times leverage indiscriminately, and as a result, you know the speed of going to zero is faster than expected.
The transformation starts with a simple action: divide the account into two. Half goes into a cold wallet as a lifesaver; the other half is used to roll profits. If something goes wrong, you only lose the floating profits, and never let the principal accompany emotional craziness.
From that day on, I only have three disciplines left.
The first rule: trends are your meal ticket; don't drop the bowl while eating.
Only trade bullish varieties that are firmly standing on the daily line level, waiting for a key moving average pullback on the hourly level to take action. If the price doesn't turn red and doesn't expand in volume, I won't enter the market no matter how cheap it is.
Needle market conditions are a feast for gamblers but poison for traders. Excellent traders don't need to understand the universe; they just need to quickly identify mistakes and correct them in time. I no longer pursue buying at the lowest point and selling at the highest point, but insist on entering the market only when strong trend characteristics appear.
The second rule: profit is like bread, you have to slice it to avoid choking.
Profit from each trade reaches 3%, immediately split into three parts: one part is a safety cushion, one part continues to roll, and one part is used as buffer funds. The stop-loss level gradually rises with the increase in profit.
This method is essentially a risk management strategy for profit diversification. Remember, success is not determined by the market's judgment of correctness but by the growth of the account balance. Let the right views make more money and the wrong views lose less money; this is the key to long-term survival.
The third rule: turn off your computer on time; your brain is not a 24-hour trading machine.
At most two trades a day; when the time is up, the trading software will shut down directly. Spend 10 minutes in the evening to review: where did I get greedy, where did I rush, write it all down. I don't allow myself to fall into the same pit twice.
Human psychology has a strong sensitivity to time. In the struggle between rationality and emotion, as time goes by, emotion and rationality often rise and fall in turn. To avoid emotional decision-making, I set a rule that any investment plan must be implemented at least one day later.
Compound interest never complains about your slowness, only about your disorder.
In recent trades, I relied entirely on this old method: enter when there is a pullback in volume, exit when the structure breaks down, and follow the volume trend. Don't gamble on direction, don't fight predictions, just repeatedly execute the structure, volume, and discipline.
Some people think that 3% daily is too slow? But the power of compound interest lies in stability rather than speed. If you can control the risk of each trade within 1%-2%, you can steadily move forward in the long run amidst volatility.
You didn't lose to the market; you lost to that emotional order at 2 AM. What can save you is never inspiration and insider knowledge, but a set of rules that can be automatically executed even when your emotions are out of control.
The final truth: in the cryptocurrency market, which is several times more volatile than traditional assets, risk management is not optional but a necessity for survival. By regularly investing fixed amounts (DCA) in mainstream coins, setting stop-loss and take-profit levels, and controlling position ratios, you can significantly reduce risk.
Remember, the light is already on, but you have to walk the road yourself. The market won't wait for anyone, and liquidation won't either. I hope you can learn from my experience and take fewer detours.
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