In just three hours, my account was wiped out to over a million USDT, I stared at the fluctuating negative numbers, feeling like I was nailed to the cross of reality.
Later, I started to constantly review and summarize, asking relatives and friends, and with the borrowed 200,000, I got back on track. It took 90 days, using a method with a success rate of 78%, to grow the principal to 20 million. The process was extremely bitter, but it resulted in five 'iron rules' that I have continued to use to this day.
Whether you are a newcomer to the circle or an old hand, or you are currently trapped, please make sure to engrave the experiences I share in your heart.
——Iron Rule 1: Trading cryptocurrencies is not gambling, but a battle that must have a 'risk control system'
The crypto world is not a casino, it's a battlefield.
A true trader is a warrior, who must have 'armor' and a 'retreat route'.
You need to learn risk management and position building:
Perpetual contracts ≠ gambling tools.
No matter how high the leverage, as long as the position is light and the stop loss is clear, it is still low risk.
Using 100 times leverage only uses 1% of the principal to open a position, 99% as risk buffer, making the risk even smaller.
For example, I have 5000 U as principal, only opening positions within 20 contracts, setting a trailing stop profit at 2% of floating profit, and stop loss not exceeding 3%, operating only 2 hours a day, stable emotions are better than anything.
What truly destroys people is not the market, but your lack of risk control and refusal to admit mistakes.
——Rule Two: Emotion is not a strategy, discipline is the way out.
Retail investors lose money, 90% die chasing highs and selling lows.
Seeing the coin rise and fearing missing out, you invest all; seeing the coin drop and fearing it goes to zero, you cut losses overnight.
Do not act impulsively:
Before buying, write down 'what price to buy, where to stop loss, how much profit to take out'.
Increase positions when profitable, reduce positions when losing, never add positions.
Do not be moved by K-lines, only look at 'trading volume' and 'structural changes'.
The truth of price fluctuations is written in the trading volume. Only with volume can there be price; without volume, it must decline.
——Rule Three: Only trade the logic you understand, do not chase trends, do not touch emotional coins.
Do not covet the 'myth of getting rich in the crypto world':
The projects that rise the most also fall the hardest.
Following trends is not as good as focusing on mainstream coins and familiar strategies.
Do not touch coins without independent logic.
If you do not understand sector structure, do not buy random imitation coins.
Bitcoin itself hasn't changed, but its price can rise from 15,000 to 70,000, and can also fall back to 15,000. This is not 'value changing', but market sentiment changing.
What you truly need to learn about trading is to 'understand emotions'.
——Rule Four: Do not add positions, do not hold onto positions, do not be attached to past prices.
The first step to losing money is to add more positions.
Adding positions is 'emotional desire to break even', not a strategy.
If the position is wrong, then you should stop loss, not average down.
The mindset of wanting to break even will destroy your remaining principal.
Trading is always 'process management', not 'result obsession'.
Being trapped is because of not stopping loss, being liquidated is because of holding on.
What you lost is not money, but rationality.
——Rule Five: Refine one model, stabilize it before expanding.
Newbies fear not being able, but learning too much and getting confused, imitating everywhere:
A sense of the market, a technique, a model; first understand it thoroughly.
Do not look at MACD today, study Elliott waves tomorrow, and chase on-chain data the day after.
Mastering one strategy is far more efficient than blindly chasing.
Trading is not about research, you don’t need a hundred skills. You just need a working system and repeatedly use it to make money.
Market conditions are unpredictable, but your strategy must be simple, repeatable, and executable.
Always remember, you do not become rich from one big hit, but survive through discipline.
You can make a lot of money not because you caught a wave, but because you endured many crashes, resisted many temptations, and avoided many impulsive actions.
When losing, suppress your emotions; when profitable, control your greed.
The end of trading is all about 'human nature management'.
The crypto market is full of uncertainty and challenges, but it also contains potential opportunities. Investors should fully understand the associated risks when participating in crypto investments, remain calm and rational, and respond to market changes with a robust strategy!
If you also want to make a comeback in the crypto world, do not hesitate, you might as well follow Sister Bing to use the right methods and start your journey to wealth!
