It's not about getting rich; it's about not dying at the poker table.
I didn't give him any specific cryptocurrencies, nor did I offer any so-called 'divine strategies'; I only asked him to strictly adhere to three fundamental rules.
After 90 days, his account reached 50,000U, and during that time, there wasn't a single liquidation.
Today, if we lay out this set of ideas, whether it can be used well depends on your reverence for the matter of 'surviving.'
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First rule: clean out the account before discussing trading.
The vast majority of people lose money not because of wrong directional judgments, but because they start off in a position that is destined to fail.
My approach was very blunt:
Regardless of whether you have 1200U, 3000U, or 10,000U, you must split it into three parts, each independent from the others.
A piece that only focuses on high-frequency actions, the goal is to practice feel, not to chase results;
A piece that only waits for a clear trend, without structure, plays dead;
The last piece is completely untraded, just 'insurance money', used to combat extreme volatility.
The essence of this step is only one:
Any failure can only hurt part of you, not your entire life.
Full position is not bravery, it is having no way out.
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Second rule: When the market is bad, doing nothing is also a skill.
What really eats people is never the big rises and falls, but the directionless sideways market.
So I only recognize one condition:
If the trend is not out, don't prove how diligent you are.
The criteria can be very simple:
Without clear volume and structural confirmation, consider the market non-existent;
Only after a breakthrough is established, is the first participation allowed;
As long as the paper profit reaches a phased goal, immediately withdraw part of the profit.
Remember one thing:
You are not here to catch every wave; you are only responsible for catching 'the segment that has already started running'.
The market does not lack opportunities, it lacks patience.
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Third rule: Completely strip emotions from trading.
Most liquidations do not happen at the moment of strategy failure,
But it occurs when you start to 'take a temporary extra look'.
So my requirements are almost harsh:
Set stop losses in advance; if not in place, don't discuss reasons;
Leave the screen at the right time, don't empathize with the market;
Any trade that makes your heart race is a risk warning, not an opportunity.
When trading becomes boring, repetitive, mechanical,
Only then can you truly stand on the long-term side.
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Later he asked me a question:
"Did my skills suddenly improve?"
I said no.
It's just that you start systematically reducing mistakes.
From a few thousand U to tens of thousands U,
What relies on is never a single doubling.
But rather to repeatedly avoid being knocked out.
The market has opportunities every day,
But the principal is not.
First learn to survive,
Then talk about getting rich.#美联储降息