From the near-zero collapse of LUNA to now being able to stabilize profits, my biggest realization is: in this market, staying alive is more important than anything.
I still remember three years ago when I first entered the circle, holding a few thousand U, not even understanding the difference between BTC and altcoins. When LUNA collapsed, I stubbornly held on and refused to cut my losses, watching my tens of thousands of principal shrink to a fraction, unable to sleep through the nights.
Looking back now, those lessons learned from real money spent are the most valuable assets. No nonsense today, just practical and down-to-earth words.
01 The Art of Risk Management: Preserving principal is the top priority.
The first rule I set for myself is: only invest spare money that won't affect my ability to eat, even if I lose it all.
I have 100,000 at home; I can only use 20,000 for trading; my monthly salary is 8,000, and I never invest more than 800 each month. This allows me to eat and sleep well during market fluctuations, and my mindset will not collapse.
The more critical aspect is to enforce stop losses. My 5% stop loss line is like wearing a seatbelt while driving—often feels restrictive, but it can save your life at critical moments. If it drops below the 5-day moving average for short positions or the 20-day moving average for medium positions, no matter how reluctant, you must exit. I never want to experience the feeling of having 100,000 left to only a thousand again like I did with LUNA.
02 The Wisdom of Position Management: Manage positions separately for a sound sleep.
My positions are always divided into three parts: 30% mainstream coins like BTC held long-term; 50% traded based on short-term indicators, taking profits when available; 20% kept as reserve funds, only daring to add when prices genuinely drop.
The market has its own rhythm. In a bear market, even if it drops by 50%, I won't easily catch the falling knife; I wait for clear upward signals; in a bull market, corrections are opportunities for low buying. Patience is sometimes more important than diligence; trading less often earns more than reckless trading.
03 The Practical Way of Technical Indicators: Simplicity is the Hard Truth
You don't need to learn too many technical indicators; my summary of 'Three Charts Resonance' is sufficient: find buy and sell points on 15-minute K-lines, look at the big direction with daily MACD, and judge support with weekly Bollinger Bands. Enter the market when the three signals align, and the success rate can double.
I have three habits for short-term trading: only choose popular coins with good liquidity to avoid buying something that can't be sold; take profit at 15% and stop loss at 5%; only focus on the average price line of 1-3 minute charts, and do not operate when the trend is unclear.
04 Emotional Management: The biggest enemy is oneself.
In trading, emotions are often the biggest enemy.
When I get too excited about a trade, I consider selling; when an asset's price suddenly surges, I sell decisively. The market cannot always rise; the key to long-term survival is learning to lock in profits.
Never trade when tired. I used to stay up late to watch the market, resulting in decisions as unreliable as a buggy smart contract. Now, I treat sleep as a non-negotiable rule. If I'm not in good spirits, I won't trade.
05 Information Screening: There is no free 'alpha' on Twitter.
The information asymmetry on Twitter is extremely high.
Some KOLs promote a project, causing the price to rise. When the token enters the popular rankings and attracts more attention, early investors may start to sell.
I now actively seek opposing opinions to avoid falling into the 'echo chamber' effect. If you are considering investing in a popular token, in addition to paying attention to supportive voices, you should also seek reasons against it. This can help you discover risks you might overlook.
06 Using tools correctly leads to twice the result with half the effort.
My toolkit is simple but practical: use TradingView to check market trends and draw support and resistance; follow Jin10 for macro policy insights; use Glassnode to monitor whale movements; TokenSniffer to check altcoins and avoid pitfalls.
But I know clearly that tools are just aids, decisions rely on oneself. No tool can guarantee 100% accuracy; the key is to understand the limitations of each tool.
07 Long-term Thinking: Slow is fast.
What entices the crypto circle the most is the story of 'getting rich overnight', but what I truly seek is freedom—waking up every day to do what I want, with enough time to spend with family and friends.
Successful trading is not based on flaunting victories or getting rich overnight; its core lies in continuously avoiding mistakes and preserving capital when the odds are truly in your favor.
There is no myth of easy money in the crypto circle; discipline is more important than any skill. Want to turn a few thousand into a fortune? First, calm down and improve your understanding, don't treat trading as a gamble.
Surviving is the key to making money. In this market, endurance is the ultimate winning weapon.
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