On October 11th, at 5 AM, my phone kept vibrating and woke me up. When I opened it, $BTC
The price of Bitcoin fell below 105,000, $ETH dropped below 3,600, the whole screen was blood red
I silently closed the trading software—my account was down by 800,000. But do you know? This is already the seventh time in ten years of trading cryptocurrencies that I have experienced an 'epic crash'
Many people criticize the crypto world as a casino, but those who truly understand the rules rely not on luck
What I rely on is just the core logic of 8,000 U rolling towards financial freedom
First, diversifying holdings is the cornerstone of survival.
Don’t dump all your funds into the market at once. I suggest splitting 1,800 U into three parts, each part being 600 U: one part for day trading, operating only once a day; once the goal is achieved, stop immediately, never be greedy; one part for swing trading, only taking action once every ten days or half a month to capture major trends; and one part as a base position, which remains untouched regardless of market fluctuations—this is the capital for survival. Many people enter the market fully invested; once a downturn occurs, they face liquidation and have no chance to talk about profits. In the crypto world, first learn to survive, then you have the right to pursue doubling your investment.
Second, capture thick profits and avoid blind trading during sideways periods.
Most of the time, the crypto market is in a sideways state; frequent trading during this time is akin to giving money to the market. One should patiently wait for a trend to emerge before decisively acting—that is the correct rhythm. After making money, one must learn to cash out in a timely manner—when profits exceed 20%, withdraw 30% first to ensure some gains are secured. True experts do not trade every day; either they don’t act, or when they do, they can capture the entire trend.
Third, control emotions and constrain trading with rules.
The most terrifying thing in trading is not losing money, but chaos. I require that before every operation, three iron rules must be set: set a stop-loss at 2%, and once it is hit, close the position immediately without hesitation; reduce position when profits reach 4% to lock in some gains; no averaging down is allowed to avoid getting deeper into trouble, as losing control of emotions can ruin the entire plan.
Those who can control their emotions will be rewarded with profits by the market. Let the funds grow steadily under the guidance of rules, rather than fluctuating with emotions. The 1,800 U can roll to 58,000 U, not by luck, but by this rigorous trading system. In the crypto world, whether one can make money does not depend on the market conditions, but on whether you have a set of trading rules that allow you to survive.
