Stop believing in things like 'getting rich in the crypto circle relies on insider information!' I, a 37-year-old guy from Guangdong, have been struggling in this circle for a full ten years. I’ve never relied on any rumors, nor have I ever encountered any good luck from the sky. Relying solely on a set of 'anti-human' foolish methods, I rolled my 100,000 principal into 30,000,000, and also saved up five houses—one for my parents’ retirement, one for myself to live in, and the rest for rent as pocket money.
You might not believe it, but the craziest operation I did was not chasing the ups and downs. I held onto two track assets for three months, and my account skyrocketed from 50,000 to 15,000,000. It's not that I'm special; I've seen too many people fail due to being 'too clever for their own good.' Instead, I believe that being a little 'foolish' is the true key to surviving in the crypto circle.
Today, I won’t hold back, sharing all the hard-earned lessons I’ve learned over these 3650 days. There’s no fluff, it’s all useful information; new traders can at least avoid 3 years of detours after reading this!
1. Don't be a 'greedy snake' in a bull market! I rely on 'sticking to one track' to enjoy the full dividends.
Every time a bull market arrives, the circle is filled with 'all-rounders': chasing one hot spot for a while, trading that new concept for another, wanting to hug every rising target. What’s the result? Busy like a top, but the account hasn’t earned much, and even lost money due to frequent position changes.
I never do such foolish things! To me, a bull market is like a feast on the table; no matter how much you can eat, you can't swallow the whole table of dishes at once. It's better to find a track you understand well and stick to the main uptrend. In the early bull market last year, I focused on the Web3 infrastructure track, keeping an eye on two targets: one is the leading company in the field, very stable; the other is a potential stock with technological breakthroughs, highly elastic.
My friends all laughed at me for being 'too foolish,' saying I missed out on the explosive growth of other tracks, and I just smiled and said nothing. As a result, in the middle of the bull market, the two targets I selected surged consecutively, with a single wave increase exceeding 200%, while those friends chasing hot spots ended up either trapped at high points or making a little profit and leaving, missing out on the core dividends. Remember: in a bull market, 'focus' is more valuable than 'greed'!
2. These 4 survival rules, I exchanged them for real money.
In the crypto circle, don’t talk about sentiments or luck; just follow the iron rules! These few rules have made me lose money before, and now they are ingrained in me:
1. Prioritize the potential of the track; don't buy for sentiment! New targets are worth paying attention to as long as they have clear application scenarios and technical barriers; old targets should not be touched unless there are substantial breakthroughs. The crypto circle is about expectations, not nostalgia. I've seen people hold onto old projects from a few years ago for emotional reasons, only to see their accounts shrink by 90%. Can emotions be used for sustenance?
2. Avoid leverage tools if you can! If you really want to try, the multiplier must not exceed 5x, and the stop-loss line must be firmly set in the account. Years ago, due to impulsiveness, I added high leverage without setting a stop-loss, resulting in a loss of 200,000 in one day. The feeling of a heart-stopping moment is still terrifying to think about. Holding a position is tantamount to seeking death; I ask all newcomers to engrave this in their minds!
3. Small and mid-cap targets are indeed fierce in a bull market, but don't be greedy! At the end of a bull market, you must clear out and exit. Once the bear market comes, these targets can drop over 90% in minutes, and by then, you won't be able to escape. I decisively cleared out my small and mid-cap targets at the end of the bull market in 2021. Although I didn't sell at the highest point, I at least preserved most of my profits. In contrast, many friends, holding onto the idea of 'I'll sell after one more rise,' ended up trapped severely.
4. Enter the market before good news is made public, and run immediately after cashing in! Don’t wait for others to lift you up, and don’t think about being the 'bag holder.' Last year, when a leading project announced significant collaboration news, I entered a week in advance and took profits in batches on the day the news was announced, perfectly capturing a wave of gains, while those who waited until the news came out to enter were directly trapped at high points.
5. Don't mess around in a bear market! When the market is bad, don't think about bottom fishing, and don't let your hands itch to trade frequently. It's better to focus on your main business, learn knowledge, and accumulate capital and understanding. The bear market is the best time to settle down; if you endure it, you'll be able to reap big rewards in the bull market.
3. Capital management is critical! No matter how much you earn, if you don't understand this, you will lose it back.
I've seen too many people make millions in a wave of market, only to lose everything in a few months due to a lack of capital management. In the crypto circle, making big money relies on market trends, but being able to keep the money depends on capital management.
I always adhere to the '3 sectors, 2 targets' rule: the entire account only allocates to 3 core tracks, selecting 1 leading target from each track to stabilize the base, and 1 potential target for high returns. The position of a single target should not exceed 20%, even if you are optimistic, never heavily invest in one target. Don’t bet against the market; you can’t win!
There's one more thing that's very important: stop-loss immediately when a trend reverses! Even if you're wrong, it doesn’t matter. As long as you have the green mountains, you don't need to worry about firewood. I once hesitated for half an hour and didn't stop-loss in time, resulting in a 40% shrinkage in my account. Since then, I’ve set a rule for myself: as soon as it breaches the stop-loss line, regardless of anything, I exit immediately without hesitation.
Remember: in the crypto circle, you earn 'long-term cognitive money,' not 'short-term stimulus money.' Those who think they can get rich quickly through a big gamble often end up as the 'chives' of the market.
4. Getting the timing right is 100 times more important than random trading.
The cycles in the crypto world are more predictable than a girl's mood; there are always ups and downs, always in a cycle. Whether you can make big money depends not on how well you operate, but on whether you can step accurately on the cycles.
My trading logic is very simple: open positions at the end of the bear market, increase positions at the beginning of the bull market, and exit at the end of the bull market. When the bear market is at its worst, while others are cutting losses and cursing, I quietly filter targets and build positions in batches; at the beginning of the bull market, when market sentiment warms up, I gradually increase positions to expand profits; at the end of the bull market, while others are crazily shouting 'all in,' I quietly cash out and secure my gains.
At the lowest point of last year's bear market, my friends advised me, 'Don't play anymore, get out quickly,' but I knew this was the best opportunity to position myself. I built positions in several quality targets under pressure. This year, as the bull market arrived, these targets have all exceeded 300% in gains; this is the charm of getting the timing right.
Finally, I want to say something heartfelt to the brothers just entering the market: Don’t think about getting rich overnight; first, learn to survive! The crypto circle doesn't lack opportunities, but lacks those who can survive until opportunities come.
I’ve compiled the pitfalls I’ve encountered and experiences I've summarized over the last 10 years into a (crypto asset survival manual), which includes track selection methods, capital management skills, and cycle judgment insights. Follow me@男神说币 #加密市场反弹 $BTC $ETH
