In these years of trading cryptocurrencies, I have also lost sleep over it.

Now, being able to stand firm is not due to any profound secrets, but simply using some of the most 'foolish' yet effective methods.

1. Staying alive is more important than anything else.

No matter how accurate the judgment, a single liquidation brings you back to zero. So I set a strict rule for myself:

The total position should never exceed 20%, and only a small part of it should be used for trial trades.

Each trade has a clear stop-loss; if it loses 2%, I decisively exit and do not hold on.

Leverage? It's best for beginners not to touch it, and even for veterans, it shouldn't exceed 10 times.

By adhering to this rule, I've already avoided more than half the risks.

2. Keeping it simple can actually earn you money.

It's not that trading more makes more money, but rather doing the right things a few times.

For a period of time, only trade in one direction without switching back and forth.

Stick to the planned stop-loss and take-profit; do not change it temporarily.

If it exceeds three trades in a day, you often start paying fees.

3. Some pitfalls, you can tell at a glance not to step into.

Increasing positions against the trend is like digging your own pit to jump down.

Frequent trading means that profits are all eaten up by fees.

Unrealized gains that are not realized are just numbers on the account, and those who have been liquidated understand.

Look at the two outcomes:

Some people leverage 100,000, and when it drops, they add more and hold on, ultimately going back to zero.

Some only use 20,000 as the base position, taking good stop-losses each time, making only two or three trades a week.

The latter might have a monthly return of only 8%, but over a year, the compound interest can be astonishing.

Remember six phrases:

Use spare money, maintain discipline, and trade in one direction.

Don't go all in, don't hold onto losing trades, and don't do both long and short.

Lastly, let me say: Those who gamble with living expenses often do not go far.

Only by surviving can you wait for your opportunity in the cryptocurrency world.