Discipline outweighs prediction, survival outweighs profit.
I once watched helplessly as my position was forcibly closed at three in the morning, the familiar liquidation prompt felt like a heavy blow. That was the seventh month of my consecutive losses, and my confidence was shattered, with only three digits left in my account balance. It was that night that I began my journey of true trader cultivation.
Years have passed, and I have maintained stable profits for five consecutive years. This is not a story of getting rich quickly, but a true record about discipline, risk control, and self-awareness. The following nine insights are dedicated to you who are still struggling in the market.
1. Acknowledging mistakes is the best amulet.
Admitting mistakes is not failure, but a way to live longer. I force myself to practice stop-loss with 1000U, and leverage not exceeding 2x. Ten consecutive planned stop-losses is a rite of passage for traders.
When you can cut orders as decisively as trimming your nails, and your heartbeat no longer races, you have truly entered the field. A stop-loss is not admitting a mistake, but acknowledging the uncertainty of the market. I have seen too many people unwilling to admit fault, holding on from a 5% floating loss to a margin call.
Two, waiting is the highest-level strategy.
90% of the time, the market is noise; real opportunities are rare. I only look at the signals of "three moving averages + volume" resonance, abandoning all unclear market conditions.
Last year, most profits came from three certain opportunities, while the rest of the time was almost in cash. Traders who cannot stay in cash are like athletes who cannot breathe, eventually suffocating due to lack of oxygen. Missing out is not scary; what’s scary is being eaten away by fees and slippage due to frequent trading.
Three, position management is the foundation of survival.
I control the risk of a single transaction to 0.5% of the account; even if I suffer ten consecutive stop-losses, I only lose 5% of my capital. This is not conservatism; it is to have chips to enter when opportunities arise.
Emotions are the most sensitive detectors of position. When you start praying for "Buddha's protection," it indicates that the position has exceeded your tolerance. My bottom line is: I can sleep soundly after opening any position, otherwise, I immediately reduce my position.
Four, trade your plan, not your emotions.
Before each order, I write down my true thoughts in a memo: "Fear of missing out" = greed; "Fear of a crash" = fear. When I notice emotional fluctuations, I pause trading.
The market will never move according to your expectations; every fluctuation in the K-line contains countless variables. True trading is replacing feelings with rules. He pulls his market, I place my orders; passive orders, active risk control, this is the essence of taking the initiative.
Five, taking profit is the touchstone of discipline.
I only trade with a risk-reward ratio of ≥3:1, and decisively exit once the target is reached. How much it rises afterward is irrelevant to me, as that profit exceeds my comprehension.
Letting go of profits requires greater courage than enduring losses. It is easiest to relax discipline when profitable, thinking oneself a stock god. In reality, it is at this moment when you are most in danger, the market always slaps you when you are most pleased.
Six, extending the cycle is prolonging the lifeline.
After switching the chart from 5 minutes to 4 hours and reducing my observation time from 12 hours to 1 hour, my win rate actually improved. The remaining time is for exercise, learning, and living.
The body is the true perpetual contract. Decision-making in a fatigued state is worse than randomly flipping a coin; fatigue amplifies emotions, weakens judgment, and ultimately turns you into the market's "ATM."
Seven, refusing the illusion of quick profits is key to stable gains.
I adjusted my expectation from "doubling within a month" to "30% annualized," making my actions calm immediately. Slow is fast, less is more, this is the dialectic of survival in the crypto world.
While others flaunt hundredfold returns, I showcase my continuous profit records and health check reports. Surviving in this market for ten years is more valuable than making a fortune in one year. The premise of compound interest is survival, while quick profits often come at the cost of margin calls.
Eight, only earn money within the range of your understanding.
Every cryptocurrency's rise has its logic, either driven by narrative or by capital. Only earn money that can be clearly explained as "why it rises," leaving the unclear parts to whales and KOLs.
I adhere to the "Two Sentences" principle: If I cannot clearly explain a project's value and source of returns in two sentences, then I am likely the one being the "source of returns" (the buyer). This is especially important in the DeFi field.
Nine, trading is a probability game, not a prediction game.
I do not guess the results of the Federal Reserve's interest rate decisions, nor do I bet on whether the ETF will pass; I only focus on the current market signals and stop-loss levels. Breaking down the unknown into the known, converting luck into probability, is the very essence of a trading system.
In the end, I realized: Stop-loss is the highest level of Zen practice. Distributing a 5% sharp pain into twenty instances of 0.25% mild itch, maintaining a steady heartbeat when the final blow falls, this is the result of practice.
Ending: Surviving is the true victory.
The cryptocurrency world is not a casino, but a practice ground against human nature. Those who can survive long-term rely not on a single windfall but on avoiding fatal mistakes and seizing key opportunities.
"The market always rewards the rational with a plan." Mastering these nine rules may not make you rich overnight, but it is enough to help you avoid 90% of margin call traps and transform from a gambler into a true trader.
The essence of trading is not prediction, but rules. It is not the intelligent who profit, but the disciplined who survive.
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