The numbers on the screen keep jumping, but the part of your money that truly belongs to you is the one you can sleep peacefully with.
I've been in the crypto space for quite a few years. I've seen the myth of becoming rich overnight, as well as the tragedy of instant zeroing. To be honest, making money has never been the hardest thing; the hard part is how long you can survive in the market.
I used to be a young hothead, watching others double their contracts and feeling itchy inside. What was the result? Earning fast, but losing even faster. Later, I realized an important principle: in this market, living long is much more important than earning quickly.
01 Position Management: Don't fire all your bullets at once.
My first principle when trading now is to never invest all my funds at once. Many people withdraw from the market not because their judgment is wrong, but because they risked everything from the very beginning.
You divide your funds into ten parts, using only one part to test mistakes each time. Even if the direction is wrong, it's just a small scrape and won't hurt your fundamentals. Position control is your best amulet. For beginners, it's recommended to keep each trade's risk within 1%-2% of the total account funds, so even if you face consecutive losses, there is still a chance for recovery.
The market has never lacked opportunities; what it lacks are people with capital to seize those opportunities.
02 Stop-loss discipline: Face is not worth much; the account is worth a lot.
What is the most feared thing when losing money? The most feared thing is unwillingness, always thinking that if we wait a little longer, there might be a rebound. What is the result? Small losses turn into big losses, big losses turn into zero.
I now set stop-loss lines, just like setting an alarm for myself—when it’s time, I must act, never procrastinating. A stop-loss is not about admitting defeat; it's about living longer. The market is not short of rebound opportunities; what’s lacking is waiting for that day of rebound.
A true expert doesn't always see the right direction every time, but they can withdraw in time when they see it's wrong. That kind of 'holding on until the end of time' situation only exists in novels; in reality, the most common scenario is holding on until a margin call.
03 Emotional Control: If the state is not right, take a break immediately.
Have you ever had this experience: after consecutive losses, the more you think about it, the more unwilling you are, resulting in more frequent operations and even larger losses?
This is emotional turmoil. Once I feel that my state is not right, I will immediately stop. This is not about giving up, but about recognizing a fact: when emotions are out of control, even the best market conditions can lead to mistakes.
Sometimes, shutting down the trading software, going out for a walk, and coming back to see the market the next day can make previously tangled trends suddenly clear. The market is always there, but your capital could be gone forever. Maintaining a good trading mindset, adhering to the trading plan, and avoiding frequent trades driven by fear or greed are the keys to long-term profits.
04 Only trade in trends with direction; don't be an all-weather warrior.
The cryptocurrency market operates 24 hours, but that doesn't mean you need to watch it 24 hours. My principle now is: only act in trends that I understand.
When the trend is clear, high leverage is a tool to amplify profits; when the market is volatile, high leverage is a meat grinder that harvests retail traders. When direction is unclear, I would rather stay out and observe than gamble on an uncertain market.
Many people feel anxious if they don't trade for a day, as if they've missed out on billions. In reality, staying out of the market at the right time is also a strategy, and it's a life-saving strategy.
05 Profit withdrawal: The numbers on the screen do not equal the money in your pocket.
The last point, and my most persistent habit: regularly withdraw profits. The numbers on the screen can return to zero at any time, but the money transferred to your bank account is truly yours.
I've seen too many people multiply their accounts several times and then return to square one because of a single mistake. If they had withdrawn profits earlier, they could have at least saved some.
Conclusion: Slow is fast, steady is winning.
I've walked this path for so many years, and my biggest realization is: the cryptocurrency market is not about who makes money faster, but about who lives longer. When you stop pursuing overnight riches and focus on stable profits, you will find that there's no rush to make money. Follow Bin Ge to learn more first-hand information and cryptocurrency knowledge, accurate points, becoming your navigation in the crypto world; learning is your greatest wealth!
