To be honest, in the cryptocurrency world over the years, I've seen too many people come and go. I'm not a master either; I've gone bankrupt, made mistakes, and spent nights staring blankly at candlestick charts — who hasn't? But slowly, I figured out my own path — not complicated, not miraculous, but it allows you to survive longer in the market. I'm sharing this with you today, purely personal experience; whether you listen or not is up to you.
First, start from the trough; don't rush to flip your position.
Last year, a friend came to me, his voice trembling: 'Bro, I really can't hold on anymore, I only have a little over 5000 U in my account, if I keep messing around, it'll be gone completely.' I replied with a simple truth: 'What you need to do now is not to recover your losses, but to ensure you don't go bankrupt. Hold steady for three months, and you've won the first step.'
I know many people feel that 'time is too long', but you must understand that the market never lacks opportunities; what it lacks is capital that can wait for those opportunities.
Second, the first rule: Don't put all your eggs in one basket.
I had him divide his funds into three parts:
Use 2000 U for short-term trading, quick in and out, practice your feel but never fall in love with a position;
Keep 2000 U for waiting on big trends, don't release your hawk until you see the rabbits;
Use the remaining 1000 U as 'emergency funds', no matter how crazy the market gets, it cannot be touched.
He later told me that one night there was a violent market fluctuation, and because he divided his positions, he avoided disaster. Others went bankrupt while he was still in the game — this is the meaning of diversifying positions: it's not about how much you can earn, but about how long you can stay in the market.
Third, the second rule: Only eat the meat you understand.
I repeatedly said: Don't always think about catching the bottom or escaping the top; we don't have that ability. When a trend arises, just follow it.
I taught him to watch for a few simple signals: daily line strengthening, increased volume, key positions holding steady. One time he caught a breakout wave, earning 30%, and I told him to immediately withdraw half of the profit, setting a trailing stop for the rest. Later, as the market continued to rise, he wasn't flustered at all because the profits were already secured.
Remember, being able to sell is more important than being able to buy. The money you earn only becomes yours when you withdraw it.
Fourth, the third rule: Controlling your hands is harder than anything else.
Most people lose money not because of poor skills, but because of emotional breakdowns. Greedy when it rises, fearful when it falls, staying up all night to check the market — this is a sickness that needs to be treated.
I had him develop a habit: write a plan before opening each position, set a stop-loss at 3%, if profit reaches 10%, move the stop-loss up, and firmly avoid looking at the market after 11 PM. Feeling an itch? Go downstairs for a couple of laps, or play games to distract yourself.
Later he told me that these rules transformed him from an 'impulsive player' into a 'plan-oriented player', resulting in fewer losses and more profits.
Three months later, his account reached over 40000 U.
It's not about becoming rich quickly, but enough to start over. I told him: 'Opportunities arise every day, but you only have this one capital. First, learn to protect your capital, then think about making money.'
There are too many smart people in the cryptocurrency world, but those who survive are often the ones who adhere to the rules. My three rules are not magical, but they are practical: position diversification for survival, trends are king, and locking emotions.
If you're also at a low point, give it a try — survive first, then talk about winning. #加密市场反弹 #加密市场观察 $ETH
