One conclusion: discipline is the greatest protective charm
I still remember three years ago when I first entered this market, holding 1000U in my hand, filled with both hope and anxiety. In hindsight, this journey is less about technical improvement and more about the refinement of mindset. Today, I won't discuss complex candlestick patterns or use rigid terminology, just sharing the real path I've walked.
Phase One: Trial and Error Fund, prioritize capital preservation
I call that 1000U the 'trial and error fund', with a simple and direct goal: survive.
I set two strict rules for myself: a single loss must not exceed 2% of total capital; any profit reaching 20% should immediately have half of it withdrawn. This method seems conservative, yet during the extreme fluctuations of 2021, it not only helped me preserve my capital but also accumulated the most valuable asset—trading discipline.
In the beginner stage, choosing mainstream exchanges is the first step to ensuring fund security. At that time, I only bought USDT from mainstream platforms and then converted it into other assets to avoid direct contact with complex products. Many laughed at my timidity, but when they were washed out by high-leverage contracts, I steadily advanced with strict position management.
Stage Two: Find the Right Rhythm, Don't Be a 'Daredevil' Retail Investor
When funds exceed 10,000 USDT, the most common mistake is inflated confidence. I began to insist on writing trading notes, recording the logic, emotions, and market environment of each operation.
What I remember most is that a certain altcoin doubled in three days, the community was buzzing, but I chose to stay out because it did not fit my trading plan, and was teased by group members for being 'timid'. A week later, that coin dropped back to its original point. At that moment, I truly understood: in the cryptocurrency world, not losing is earning, and missing out is not a mistake.
At this stage, I focus on spot trading, starting with mainstream coins and beginning to try dollar-cost averaging strategies to diversify risks. I no longer chase every possible opportunity but wait for market conditions that fit my strategy.
Stage Three: Overcome Inner Demons, Avoid Deadly Temptations
After my funds exceeded 100,000 USDT, my mindset was the easiest to change. I made a crucial decision: find a rational and disciplined partner to supervise each other.
Once, when market sentiment was frenzied, I almost chased a certain coin that had already skyrocketed. A simple remark from my partner, 'Are you chasing the price?', instantly awakened me, allowing me to exit in time and avoid the subsequent 30% correction. External perspectives are irreplaceable.
At this time, I focus more on asset security, enabling two-factor authentication, setting an independent fund password, and starting to understand safe withdrawal methods, such as using the exchange's 'freeze compensation' mechanism to reduce risks.
Survival Rule: My Five Insights
The experiences of these three years can be summarized into five insights, hoping to be helpful to you:
Surviving is more important than making quick money. The cryptocurrency market trades 24 hours a day, with no limit on price fluctuations and high volatility. Survival is the top priority; do not think about getting rich overnight.
Discipline is the key to victory. In a market full of temptations, strict trading discipline is fundamental for long-term survival.
Keep learning, but remain skeptical. Pay attention to authoritative information, but do not blindly follow any 'insider news'.
Safety is no small matter. Adopting the principle of dedicated cards, enabling secondary verification, and backing up mnemonic phrases—these common safety measures can save your life at critical moments.
Control emotions and maintain a balanced life. Do not let investments affect normal life and income sources. The market is always there, but mental and physical health is the only thing that matters.
The path in the cryptocurrency world is full of temptations and traps, but also full of opportunities. Use winning logic to earn steady money; survive to see tomorrow's bull market. We can walk this road together.
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