I have been in the industry for 8 years, and I have seen too many people rush into the crypto world with hundreds or thousands of U, dreaming of turning their fortunes overnight.
They are envious of the doubling myths in K-lines but get liquidated during market fluctuations, with their principal becoming the 'sacrifice' of the market.
Those who don’t believe in risk and only gamble on luck have their outcomes already written at the beginning.
But the fans I met last year, especially Old Xiao, completely changed my perception.
He started with only 4200 U, rolled it to 87,000 U in four months, and now his account is stable at 540,000 U, with zero liquidations and no gambling.
His approach can be summed up in three words: slow, steady, cruel.
First, 'slow' in entry: 90% of profits are earned by 'waiting.'
The crypto world is not short of opportunities; what’s lacking is patience.
Old Xiao never chases high prices when the market is soaring, even if it means missing short-term gains.
For example, last year when ETH broke 2000U, others jumped in at the opening, but he insisted on waiting for a pullback to 1950U before acting.
The essence of 'slow' is to give up on predictions and just be a follower of trends:
Before confirming the daily-level trend, absolutely do not over-invest;
Only when breaking through key resistance levels + increasing volume (e.g., trading volume is three times that of the previous day) is it considered an effective signal.
Better to earn less than to waste bullets during a volatile period.
This 'sniper-style' waiting allowed him to avoid all the trap of sudden drops.
Second, 'steady' is in discipline: setting stop-loss and take-profit is a life-saving insurance rope.
Old Xiao has a notebook, and before each trade, he must write down two lines:
Taking profits at 15%, decisively.
Cut losses at 8% immediately.
Once when BTC surged, he took profits as planned, and the price rose another 10%. Some laughed at him for being 'rigid,' but he pulled up his trading records:
This mechanical operation has saved me at least 5 times. Once I didn't set a stop-loss and almost got trapped at 30%.
Those who survive long in the crypto world have discipline ingrained in their DNA:
Once profits exceed 50%, the stop-loss line must be moved up to the cost price to ensure no loss of principal.
Take profits in batches (for example, sell 30% when profits reach 30%), refuse to 'ride the roller coaster.'
Leverage must not exceed 3 times; high leverage = suicide.
Third, 'cruel' is in restraint: money that you don’t understand must be returned even if you make a profit.
During the craziest times in the crypto world, MEME coins doubled in a day, and the group was full of screenshots of 'financial freedom.'
Old Xiao only focuses on the weekly trends of BTC and ETH; when the market is chaotic, he prefers to sit out and brew tea rather than take action.
When others advised him to follow the trend, he shook his head: 'Money I don’t understand, even if I make a profit, I have to return it. I can accept not making money, but I absolutely cannot accept being liquidated.'
This kind of 'cruelty' is the strangling of desire:
I don’t touch altcoins/Meme coins at all, only play with high liquidity mainstream coins.
Refuse FOMO (fear of missing out) and only earn profits within the realm of understanding.
Control trading frequency to ≤2 times a day to reduce emotional trading.
Why can't most people do it?
Always wanting to 'go fast': thinking that not trading means losing, but ends up paying more in transaction fees than earning.
Can't afford to lose: holding onto positions during losses, fantasizing about rebounds, only to wake up when getting liquidated.
Greed is the culprit: wanting to double profits when they are at 100%, but ending up with profits turning to zero during a pullback.
Written in the end
The most heart-wrenching truth in the crypto world is: those who want to make quick money die the fastest, while those willing to 'slow down' end up going far.
Old Xiao's account can remain stable at 540,000 U, not because of any mysterious code, but by embedding 'slow, steady, cruel' deep in his heart.
As a female analyst, I have always believed:
The market is not terrifying; what’s terrifying is the uncontrollable human nature.
When you are no longer bound by K-lines, the money in the crypto world will quietly follow.
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