After years of struggling in the crypto world, I have seen too many people enter the market with dreams of getting rich quickly, only to be severely punished by it. Here are 10 iron rules that are hard-hitting but convey the truth —
1. Fatal Double Kill: Hold losses like "Yugong", take profits like "Lightning"
Holding on to unrealized losses until liquidation, while panicking to "cash out" when in profit. Human greed and fear become the scythe that harvests you.
2. Counter-Trend Operations: Betting on probability with leverage is like sentencing your account to death
Shorting when the market is rising? Using leverage to bet on a reversal? Don’t challenge the trend with your life savings; losing your capital is just a matter of time.
3. Don’t Go Against the Market: In front of the trend, you are just dust
The market is the result of a game played by millions. Trying to use subjective will against the trend? First, ask if the market agrees.
4. Winning Rate Trap: Huge profits never rely on "guessing correctly"
Jealous of others' high winning rates? The system that truly makes money relies on the win-loss ratio. Those who have lost and exited are the ones you cannot see.
5. Give Up the "Omniscient and Omnipotent" Delusion: Bullish candles are traps; don’t be greedy for money that doesn’t belong to you
Want to catch every rise? In the end, you'll end up losing your principal. Smart people only earn money within their understanding.
6. Hunter's Rule: Patience > Diligence, Waiting > Trading
A volatile market is a meat grinder; frequent trading will only lead to repeated harvesting. The real winners are those waiting for the "one-hit kill" opportunity.
7. Holding Cash is an Art: Those who know how to rest will survive until the end
The secondary market is not a "perpetual motion machine"; closing positions, reducing positions, and holding cash require more courage than "buying, buying, buying". Learn to hit the brakes to avoid falling off the cliff.
8. Don’t Fantasize About Being "Targeted": Your millions won’t stir the market's waves
Don’t always think the "big players" are watching you; what truly devours you is your own greed and fear.
9. Surviving > Getting Rich: The market lacks myths, but longevity is the real winner
There are stories of doubling profits overnight every day, but less than 1% can survive in the market for three years. First seek survival, then talk ambition.
10. Correct Losses > Incorrect Profits: "Buy insurance" for the system; don’t earn "lucky money"
Losses that align with trading logic are the cost of investment; money earned by luck will eventually be repaid with interest.
The rules for survival in the crypto world are simple: go against human nature, maintain discipline, and be among the few.
Share this with your crypto friends, avoid more pitfalls and tread carefully, as that is the strength to survive in this market.