Who understands, my friends! In 2017, I jumped into the crypto market with 500,000 U, and after three months of skyrocketing to 3.8 million, I was so high I almost quit my job to travel the world. But then in 2018, when the bear market hit, my account plummeted from heaven to hell, leaving me with only 420,000 U. Late at night, hiding on the balcony smoking, looking at the K-line chart made me want to smash my phone; I almost canceled my account and left for good.
Fortunately, I didn't give up! After 8 years of struggle, I rolled back from 420,000 U to 50 million. There were no insider tips, no so-called 'big shots leading trades,' just practical experience turning myself from a 'harvested victim' into a 'seasoned veteran' who can eat meat. Today, I’m going to share 10 hard truths from the heart; if you can’t understand or achieve them, chances are you’ll still be rubbed on the ground by the market!
Is your principal less than 200,000? Stop messing around with full positions every day! It's enough to wait for a major market event once a year; during the rest of the time, stay out and watch. I've seen too many beginners switching coins and operating with full positions every day; in the end, they don't lose due to the market, but due to transaction fees and frequent mistakes. Staying up late to watch candlesticks is more exhausting than taking care of a newborn, purely working for the trading platform.
Can't keep up with your understanding? First, play with a simulated account to practice 'mindset'! In a simulated account, you can make any mistakes without fear, but one fatal error in a real account could permanently eliminate you. Back in the day, I didn't practice my mindset; when I reached 3.8 million, I didn't set stop-losses. As a result, when the bear market hit, I was directly halved; thinking back on it makes me want to hit myself.
No movement on the day of significant positive news? Run quickly on the next day’s high open! Remember: 'Positive news landing = funds fleeing'; don’t hold onto the fantasy of 'just one more point to sell.' The worst loss I suffered was because of this. A certain popular project released positive news; it didn’t hit the limit up that day. I greedily didn’t sell at the next day’s high open, and as a result, it plunged at the end of the day, turning profits into losses, leaving me crying without a place to reason.
One week before the statutory long holiday? Quickly reduce positions and switch to stablecoins! During the holiday, funds are easily withdrawn, and the market fluctuates greatly; don't go against the rules. In the 2020 National Day holiday, I didn't reduce my positions and even added high-leverage tools. As a result, when I returned from the holiday, I directly went bankrupt, losing 800,000 USDT for no reason. Now, during holidays, I must clear high leverage; isn't it nice to have a stable holiday?
Medium to long-term investments must leave cash! Raise prices and sell in batches, buy in batches when prices drop, turning the 'roller coaster' into a 'handrail'. My current core holdings are such that I sell part of them when they rise by 15%, and buy a bit when they drop by 10%, neither leaving empty-handed nor getting stuck, steadily holding onto profits, which is ten times more reliable than stubbornly holding on.
For short-term trading, only look at volume and K-line patterns! Coins without volume are stagnant water; if the K-line is not active, blacklist it directly. Don’t use 'faith' to cover up laziness. I used to believe in a certain project's 'future prospects,' bought a coin with no volume, held it for half a month without movement, and finally had to cut losses and leave, wasting time and losing money.
Understand the speed of the decline before bottom-fishing! Coins that decline slowly rebound slowly, while coins that drop sharply rebound vigorously. I bottom-fished a coin that was declining slowly, averaged down three times while it was still falling, and ultimately had to cut losses; later, I encountered a high-quality coin that dropped 30% and decisively entered with a small position. It rebounded 20% in three days; this is the charm of 'speed difference.'
Cut losses if you buy wrong! Stop-loss immediately at a 5% loss! The words 'protect the principal' must be stuck to the screen; surviving is the key to the next round. I have now set automatic stop-loss; no matter how much I like a coin, if it drops more than 5%, it will automatically sell. I will no longer deepen my losses because of 'reluctance'; this is a rule I summarized from my bankruptcy experience.
For short-term trading, looking at the 15-minute KDJ is enough! Buy on the golden cross and sell on the death cross; don't be greedy for multiple indicators. I tried looking at MACD, RSI, and Bollinger Bands at the same time; as a result, the indicators conflicted and became more chaotic. In the end, I lost quite a bit operating on gut feelings; later, I focused on the 15-minute KDJ, mastering one indicator, and my win rate increased by 60%.
Quality over quantity in technology! A model tested 100 times in backtesting and 50 times in real trading forms muscle memory before upgrading. My current short-term model has been backtested over 200 times and verified in real trading over 100 times before it became fixed. I can operate without thinking; when I see a signal, I act, which is much more reliable than those who learned a bunch of random techniques. A ragtag army will never outperform a special forces team!
To be honest, the crypto world is not short of opportunities; what's missing are people who can survive until opportunities arise. These 10 sentences are truths I realized after losing 50 million and enduring 8 years; not a single one is empty talk.
Follow Mr. Ke! And the potential targets I am currently laying out. The next round of the market is about to come; let's avoid the 'harvesting trap' together and steadily reach 1 million. Don't be a 'blood bag' that gets cut, only be an 'old gun' that eats meat!
