Have you also experienced this: watching the K-line soar to new highs and hesitating to sell, only to be crushed by a waterfall right after? Buying at the bottom halfway up the mountain, holding onto losses while waiting for a rebound, only to receive a forced liquidation notice instead?
Old Lin has been struggling in the crypto market for 5 years, and the losses he has incurred could fill a mahjong table. He has stepped into more pitfalls than there are green belts in his neighborhood. Only now, after being able to steadily profit, has he realized a truth: those who survive the longest in the market are not the most precise 'geniuses,' but rather the 'fools' who can stick to their discipline.
Today, I share with you 3 trading principles forged with real money, so you can avoid 3 years of detours. Remember to give Old Lin a thumbs up after reading—after all, these lessons once made me get up in the middle of the night to delete trading records, afraid my wife would see them.
1. Taking profits is the 'real money'; don't be the infatuated one 'standing guard at the mountain top.'
There are always people fantasizing about 'selling at the highest point.' I tell you: this is about as likely as winning the lottery, and even if you hit it once, you have to pay back double next time. My current operational rules are just three, written in the trading software notes:
When the increase hits 10%, keep a close watch on the market; if it retraces to the cost price? Don't hesitate, just close the position! Even if you can't make money, don't lose principal; that's the bottom line.
When it rises to 20%, immediately lock in half the profit, transfer this portion to a stable pool, and let the remaining position ride freely—equivalent to using 'market money' to seek profits, with a mindset as steady as an old dog.
When it hits 30%, you must secure a net profit of 15%; even if there are further limits up, you must first pocket the 'certain profit.'
Remember: The market doesn't care who catches the wave the highest, but rather who can put on their pants before the wave recedes. Using a rule card to take profits is 100 times more reliable than betting based on feelings.
2. Stop-loss is a 'lifeline'; don't get emotionally attached to losses.
If you haven’t done this, I suggest you exit the trading market now—because you are not investing; you are running naked with your capital.
My red line is 15%: no matter how optimistic I am about this asset, regardless of any future good news, as soon as the drop hits the line, I will immediately stop-loss and exit. Some say, 'What if it goes back up after I sell?'
That can only indicate that your entry timing was wrong, which doesn't mean the direction is wrong. The crypto market never lacks new opportunities; what it lacks is the execution power of 'cutting off the wrist.' I've seen too many people hold from a 5% loss to a 50% loss, cursing the market when they explode, but in fact, they are cursing their own lucky mentality—trading without a stop-loss is essentially gambling with capital.
3. Don't 'bet' after selling out; when it's time to buy back, you must 'bow your head.'
This is a mistake many people make: after selling, the price drops, and clearly the trend hasn't turned bad, but due to 'fear of being called out for being wrong,' they dare not buy back, resulting in watching it go back up with regret.
Old Lin's method is very simple: as long as the trend hasn't reversed after selling, be bold to buy back when the price falls—this way, the number of positions remains the same, and you have more profit from the sale in hand, equivalent to 'getting a free ride' on some gains. Even if you miss the low point, when the price returns to the initial selling price, don't stubbornly refuse to buy; this little transaction fee compared to the loss of missing out is simply 'mosquito legs.'
Finally, let me tell you from the bottom of my heart: Short-term trading is not about 'guessing sizes,' and chasing hot spots is not 'following the crowd to buy.' In the market, there will always be 'more people who can sell earning more than those who can buy.' Those who shout 'buy low sell high' every day are either scammers or beginners.
I also crawled out from the pile of liquidations, knowing what it's like to be awakened by a forced liquidation message at 3 AM. But later I found that keeping discipline and controlling the rhythm, the crypto market is actually a 'money-giving place,' rather than a 'meat grinder.'
I will share more 'counterintuitive' practical skills later, such as how to use small positions for trial and error, and how to judge trend reversal signals. Follow Old Lin, when the next market comes, let’s steadily make money together, no more hiding in the toilet to delete transaction records!
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