On the day I dropped from 3 million to 600,000, I was in a rental room in Shenzhen, welding three pairs of "iron shorts" for myself.

Now entering the eighth year in the crypto world, I haven't relied on divine predictions, living solely by the principle of "fear."

In the craziest time of 2018, my initial capital of 300,000 rolled to 3 million, and I had even written my resignation letter.

But on Christmas Eve, after three consecutive days of decline, my account numbers plummeted to 600,000—on that day I patted the wall and realized: getting rich is a bubble, surviving is the real skill.

The first iron rule: leverage over 3 times is just giving food to the dealers.

On "519" in 2021, I impulsively bet on a 150 times ETH long position, losing 600,000 in two hours. From then on, I posted strict rules on the wall: at most 2 times leverage, add in batches, cut losses if wrong, never fall in love with the battle.

The second rule: altcoins are fireworks, don’t treat them like property certificates.

In 2022, heavily invested in a certain "domestic god chain," I hesitated to sell as it rose from 250,000 to 1.5 million, but six months later the project team ran away, and my account was wiped clean. Now, I hold 85% in BTC/ETH, with the remaining 15% chasing hot spots, 8% hard stop-loss, and cut off immediately if it drops.

The third and most crucial rule: stop-loss is about preserving dignity.

Last December, BTC spiked to 88,000, and my long position at 89,400 got stopped out, only for it to rise to 92,000 the next day, with the group laughing at me for "retail-style profit-taking." I simply replied: as long as the capital is there, missing out a hundred times can still earn. This week I bought the dip, and my account has reached a new high.

Eight years have passed, my profit curve is a small slope, not a rocket, but it has never been broken.

In the crypto world, it’s not about how slowly you earn, but how quickly you die.

Before, I was bumping around alone in the dark, now the light is in my hands.

The light is always on, will you follow? @不贪的阿 K