Survivor's Memoir in the Crypto World: 5 Military Rules from Liquidation to Stable Profit
Trading interface at four in the morning
This is a shared memory of every crypto enthusiast
The truest portrayal of this industry
The three latest screenshots in my phone gallery are all candlestick charts
The alarm is set not to wake up but for key data release times
Can accurately state ETH's rise and fall but forgets family birthdays!
2. The Survival Rules Forged in Blood and Tears
1. Stop Loss: The First Lesson Against Human Nature
Immediately shut down if a single loss exceeds 5%
Set hardware stop-loss (don't trust yourself to manually stop loss)
Remember: all liquidations start with "just wait and see"
2. Take Profit: The Art Against Human Nature
Immediately secure capital when profits reach 10% (move stop loss to break-even)
Use the "5-3-2" take profit method
50% position at resistance level closed
30% position betting on a breakout
20% position set trailing stop loss
3. Night Trading Ban
Prohibit opening new positions from 23:00 to 6:00 Beijing time
Holding positions overnight must meet:
Leverage ≤ 3 times
Stop loss ≤ 3%
Position ≤ 10%
4. Emotional Circuit Breaker Mechanism
Immediately stop trading for 24 hours when the following occurs:
Three consecutive stop losses
Single-day loss exceeds 10% of total capital
When there is an impulse to "recover losses"
3. The Ultimate Secret 90% of People Don't Know
The key that truly distinguishes winners from losers
All technical indicators will fail
But this principle is always valid:
Write your trading plan on paper
Read it aloud before each trade
Punitive deposit for violating the plan (e.g., transfer 1000U to a cold wallet)
4. To All Insomniac Traders
Remember:
The market is always there
But your principal may not be
The sun will rise as usual tomorrow
But your account may not
If you've ever stared at candlestick charts until dawn
If you don’t understand cryptocurrencies, it’s advisable to follow the Abbot!
Whether it's fresh goods or harmony, opportunities are short, so seize them!
Success is not just about luck; choices may outweigh effort!
