Having been in the cryptocurrency space for 10 years, I've seen young people doubling their money overnight with leverage and bosses blowing up their accounts from wrong contracts at dawn, but what impresses me the most is that janitor named Old Lin downstairs from the company — a 'janitor monk' who turned a 5,000 yuan year-end bonus into 20 million yuan.
In the winter of 2015, Old Lin, clutching the freshly awarded 5,000 yuan year-end bonus, was half-pushed by his colleagues into the scene. At that time, mainstream coins were just over 2,000 each, and he purely thought of it as 'throwing a bit of pocket money for fun.' Little did he expect that half a year later, it would plummet to 900, and his account would shrink to less than 2,000 yuan. Most people would either curse and delete the software or stubbornly hold on waiting to break even, but Old Lin did something special: he immersed himself in trading platform forums, scrolling through posts until dawn.
Three months later, he met a netizen with the username "Nanshan Woodcutter". The other party didn’t talk about K-lines or trends but simply threw out eight words: "Diversify your position, go with the trend." These eight words later became Old Lin's "lifesaver." He split the remaining two thousand into five parts, only moving one part at a time — this is the first key takeaway I want to share today: position management is the bottom line; never put all your eggs in one basket.
Many newcomers dare to go "all in" as soon as they enter, believing that "fortune favors the bold," but the risks in the crypto world are never "dangerous"; they are "unexpected." The essence of diversifying your position is to leave enough room for your mistakes: even if you misjudge a trade, you only lose 20% of your capital, giving you another chance to wait for the next market movement. Later, Old Lin told me he had seen too many people lose everything because they "bet it all on one trade" and ended up with nothing left to recover.
At the beginning of 2017, when mainstream coins broke the five-thousand mark, Old Lin did not follow the trend but focused on the MACD indicator — he waited for the DIF line to cross above the zero axis before entering with a light position, also setting a ten-point stop-loss in advance. That summer, when it rose to twenty thousand, everyone around him was shouting, "Quickly leverage, it's going to break a hundred thousand!" But Old Lin frowned at the market: there was high volume but the price wasn't moving, which is a typical divergence signal. He decisively liquidated his position, ending up with eight times his principal. Later, when it corrected by twenty points, he was so eager to click that he almost broke his mouse. Remembering what the "woodcutter" said about "not averaging down on losses," he stubbornly held back — this is the second ironclad rule: signals are more reliable than feelings, and stop-losses are more important than recovering losses.
Many people, after incurring losses, think about "averaging down to reduce costs," but how can you be sure that now is the "bottom"? During the pandemic drop in 2020 to three thousand, Old Lin instead laughed: the thirty-day moving average quietly turned upwards, and a mid-term opportunity arose. He still entered with one-fifth of his position, increasing by ten percent for every twenty-point rise, and adjusted his stop-loss line upwards. In the end, he achieved a profit of forty thousand points, with his account first breaking a million. This embodies the essence of "going with the trend": when the trend comes, don’t hesitate; when the trend leaves, don’t cling to it.
Last year, when it rose to a high of sixty-nine thousand, Old Lin developed a habit: every week without fail, he reviewed the weekly K-line. When the eighty-four-day moving average began to flatten and the MACD showed a death cross above the zero axis, he gradually reduced his position to thirty percent. Now with over twenty million in his account, he still spends half an hour every day reviewing, never fully invested, and doesn’t chase those "hot coins" that rise quickly and fall even faster.
Newcomers often come to ask me for "secrets," and I always tell them Old Lin's story. What special skills are there? It’s just about maintaining discipline. The crypto world is like a wheat field; some see the seedlings and want to harvest, while others can’t wait for them to ripen and jump in. Only those like Old Lin, who can be patient, waiting for clear signals before entering, and waiting until the wheat is fully ripe before harvesting, can laugh in the end.
I still calculate moving averages every day, more diligently than I did for college entrance exam drills — after all, the market won’t spare you just because you made money. If you want to stay in this circle for the long haul, first put the eight words "Diversify your position, go with the trend" on your screen. Follow me, and every week I’ll break down real market cases for you, teaching you to use discipline to overcome human weaknesses, so we can wait together in the wheat field for the next wave of fully ripe wheat.
