The most valuable thing in the crypto world is not how much you earn in one go, but how long you can stay.
Looking at the remaining 2800U in my account, my fingers feel cold. It's been two years, and the account balance has been like a roller coaster, gaining and losing, back to square one. The most terrifying thing is that feeling of powerlessness; clearly, I judged the direction correctly, yet I always get washed out just before dawn.
Entering the market with heavy positions, fantasizing about doubling overnight. Stop-loss? What is that? I thought I could hold it back. As a result, after several liquidations, my confidence was shattered, staring at the K-line chart late at night, with only one thought in my mind: 'Am I not suited for this market?'
Until I completely woke up: the cryptocurrency world is not a casino, surviving is more important than making quick money. I gave up the fantasy of 'instant success' and began to practice a 'rolling strategy.' Three weeks later, my account grew from 2800U to 8900U; the most critical part is that I never fell into the vicious cycle of 'earning and losing' again.
1. The core of the rolling strategy: use profits to earn profits, never touch the principal.
My biggest mistake in the past was always wanting to use the principal to seek maximum returns. The result was that once I misjudged, it hurt badly.
The rolling strategy is completely different:
Start with a small position to test. I only used 20% of my capital for the first trade, which is 560U. Even if I lose all of it, I can still survive.
Consider adding to your position after making profits. When this trade reaches a profit of 2%, I first lock in 11U in profits, and the remaining profits are used to open new orders.
Only lose profits, not the principal. Even if subsequent trades hit stop-losses, the loss is only from previously earned money, and the principal remains intact.
It's like gambling with the dealer's money; the mindset is completely different. You know the worst result is just a profit loss, and you won't panic.
2. The 'three hurdles' before placing an order to prevent impulsive trading
Now, before each order, I must pass three checkpoints; none can be missing:
1. Observe market sentiment
When the community is filled with voices saying 'must rise,' I become alert. One time, a certain popular cryptocurrency was surging, and everyone was shouting 'hurry up,' but I suppressed the urge to follow the trend. As a result, two days later, it plummeted by 20%.
The market always turns when everyone is crazy; this is a bloody lesson.
2. Focus on the main capital direction
I absolutely will not enter the market without obvious accumulation signs. I will observe the subtle changes in the market: is there really capital flowing in, or is it just an illusion? Better to miss out than to make a mistake.
3. Check your own status
Feeling anxious? Want to take a gamble? Absolutely do not engage in trading. Emotional decision-making is the brother of losses.
These three hurdles helped me filter out at least 70% of ineffective trades. There are many opportunities in the cryptocurrency world; you don't need to trade every day, just be decisive when suitable opportunities arise.
3. My practical operation: the transition from a novice to stable profitability
In the past, I would want to withdraw and secure profits as soon as I made some money, but I always ended up unable to hold on to the big profits. Now I treat profits as new 'trading bullets,' and my mindset is completely different.
For example, that time I observed that a certain cryptocurrency's main capital began to accumulate. After the market cooled down, I entered with a small position. After making 8%, I transferred the profits to open a new order. Even if this trade lost, I knew I was only losing profits and it wouldn't affect my principal's safety.
Changing trading habits is fundamental:
Set stop-losses without hesitation; a 3% floating loss triggers a halt, like the ribs that protect your life.
Withdraw profits regularly after making money, and truly secure part of the profits to avoid paper wealth.
Reduce trading frequency; the cryptocurrency market trades 24 hours a day, and it's impossible to catch every wave; quality is more important than quantity.
4. The core rules for long-term survival in the cryptocurrency world
After these two years of trial and error, I have come to a profound realization:
1. Discipline is greater than everything
Without discipline, even the best strategy is useless. 80% of losses in the cryptocurrency world come from an imbalanced mindset.
2. Surviving gives you opportunities
The cryptocurrency world is a permanent market; don't think about getting rich overnight. Not losing money is more important than making money.
3. Awareness determines returns
Your returns will ultimately match your understanding. Progress a little every day is better than blind trading.
Now, I look at the 8900U in my account, knowing this is just the beginning. The most critical part is that even if new orders lose, I only lose the previously earned part, and the principal remains stable.
In the cryptocurrency world, first survive, then think about how to make big money. This is not some profound principle, but it's a hurdle that many people have not crossed.
I hope my experience can inspire you. Remember, the key to stable profits is to let profits roll, not to repeatedly start over. Follow A Ke to learn more first-hand information and knowledge in the cryptocurrency world, becoming your guide in the crypto space; learning is your greatest wealth!
