1. A nightmare start: how 100,000 U was reduced to ashes in the bull market. Last year in the big bull market, fans rushed into the contract market with 100,000 U, thinking, "In a bull market, opening a long position will definitely make money," but reality slapped me hard!
High-frequency trading is addictive: executing dozens of trades in a day, and the fees eat away at the principal!
Holding on to the end results in a complete wipeout: continuously averaging down during a big drop while mentally repeating, "The bull will return quickly," only to end up with a zero balance package.
FOMO trading leads to heavy losses: seeing others flaunt hundreds of times returns on mountain dog coins, impulsively going all in, only to wake up and find your account has only 5000U left.
During that time, fans lost sleep all night, smoked until their throats were hoarse, staring blankly at the K-line chart, feeling like a gambler toyed with by the market.
From now on, I will only let him do these few things!!!
(1) Only trade in certain market conditions; refuse to operate frequently. No more mindlessly fiddling with 1-minute K-lines; just wait for big-level breakouts. It’s better to miss an opportunity than to make a wrong trade!
(2) Win big, cut losses; add positions as precisely as a sniper, and the first order should never exceed 10% (500U); only gradually increase after making profits! For example, if you earn 20%, immediately take half of the profits, and set a trailing stop for the remaining to let profits run.
(3) Stop-loss is a lifeline; never gamble with every trade, always set a stop-loss. Cut losses at 5% immediately, and never hold on! If you have consecutive stop-losses twice, stop trading for the day to prevent emotional loss of control.
Advice for all brothers who are losing money.
"Want to turn the tables? First, learn to survive!"—Before losing all principal, practice your stop-loss skills.
Record every transaction; if you lose, understand why, and if you gain, maximize it.
Discipline is above all; 99% of people lose their accounts because of the lucky mindset of thinking, "just hold on a bit longer and I’ll break even."
Recently, a reader messaged me asking: "Brother, can you still make money in the crypto circle? I heard that some people made enough to buy a house by trading coins, but many say it's a graveyard for speculators."
I replied to him: "This place is very much like Shenzhen in the 1990s—full of gold, but also full of traps. Some people made 5 million from 500, while others lost all their savings. What’s the difference? It’s all about whether you can understand the rules and avoid those traps that devour without spitting out bones."
Today, I will use an article with practical insights to help you understand the survival rules in the crypto circle.
011 First understand the rules of the game; otherwise, you will be a lamb waiting to be slaughtered.
Many people rush to buy coins as soon as they enter the crypto circle, which is no different than driving on the highway without a license. Remember three things:
Bitcoin is not a stock; it is "digital gold."
In 2010, a programmer bought two pizzas with 10,000 Bitcoins; now that pile of coins is worth 4 billion. Why is Bitcoin valuable? Because it is like gold—there will only ever be 21 million coins, and every four years, the production is halved. In 2024, there will be another halving, and the cost for miners to mine one will rise to $50,000, which is the underlying logic for its long-term bullish outlook.
USDT+ is not the dollar; it’s casino chips.
Buying USDT is like exchanging chips in Macau; a 1:1 peg to the dollar sounds safe, but the issuing company Tether+ has been exposed for auditing loopholes, nearly triggering an earthquake in the crypto world. Remember: USDT is only suitable for short-term trading; don’t treat it like a deposit!
The variety of tokens is more complex than supermarket yogurt.
Governance tokens (like UNI): equivalent to voting rights in a company; they are only valuable if the project performs well.
Shovel coins (like Catizen): like selling shovels to gold miners; they only rise in value if the game is popular;
Meme coins (like Dogecoin): pure emotional speculation; a tweet from Musk can cause a 50% rise or a halving in one day.
Last year, a friend followed the trend and bought a "metaverse token," and as a result, the project team ran away with the funds, leaving 600,000 to go to zero. Remember this rule: if you can’t understand a token, it's better to miss out than to touch it!
02|Using the wrong tools makes all efforts in vain.
The difference between crypto experts and novices is like the difference between a seasoned driver using navigation and a lost wanderer:
Use TradingView for market analysis: when looking at the K-line chart, don't just focus on rises and falls; learn to draw "support lines," just like bringing an umbrella when checking the weather; use RootData+ for project research: team background is more important than token names; if you encounter a project with an "anonymous founder," run away quickly;
Wallets are divided into hot and cold: store large assets in cold wallets (like a safe), and small amounts in TP wallets+, OKX+ wallets, Phantom (like wallet cash).
Last year, there was a case: someone installed a fake TP wallet and was robbed of 2 million overnight. Remember: choosing the wrong tool can turn your wallet into a donation box.
03|Choosing an exchange should be as picky as choosing a partner.
05|Newbies die in contracts, veterans die in leverage.
The most brutal lessons in crypto are all written in contract trading: in 2021, Luna+ crashed, leading to $10 billion in liquidations across the network, with some losing $8 million in one hour.
Spot trading: like buying fruits; whether it's expensive or cheap, at least you can stock up;
Contract trading: equivalent to borrowing at high interest rates to trade futures; 3x leverage is already the limit;
Quantitative trading+: 99% of "AI robots" are there to harvest speculators, while the An follow-up system only takes a cut of the profits if you earn, which is still quite fair.
There’s a painful case: a university student used tuition fees to leverage 20 times, and when Bitcoin fluctuated by 5%, he was directly liquidated. Now he’s still delivering food to pay off debts.
06|Scams are everywhere; remember these three life-saving rules.
Phishing links: Some people impersonate customer service on Telegram, sending a "claim airdrop" link, and your wallet gets emptied with just one click; fake wallet authorization: regularly clean up authorizations using Revoke.Cash, otherwise, scammers can steal your coins at any time;
High-yield financial products: those promising an annual return of 30% are either scammers or preparing to run away—Binance's savings only offers 6%, why can they give you 30%?
07|Want to survive in this market? Learn the philosophy of cockroaches.
The survival rules in the crypto world are just four:
Investing with spare money: those who gamble their house money end up queuing on the rooftop;
Storing Bitcoin in a cold wallet is like burying gold bars in your backyard; taking profits is harder than cutting losses: take out the principal after earning 50% and let the profits continue to roll; learning for one hour every day: pay attention to the Federal Reserve interest rate hikes, ETF approvals through the news; this is ten times more useful than looking at K-lines.
Finally, let me speak from the heart:
The crypto world is never short of wealth myths, but those who laugh last are always the seasoned drivers who can calculate risks and resist temptations. Remember, you can't earn money beyond your understanding; even if you do, you'll eventually lose it back through your own efforts.
A trading system is a weapon that can help you achieve stable profits.
It can help you identify key levels, discover entry signals, and find trading opportunities that can make you money.
So, to put it another way, as long as you have a stable trading system, you just need to act on the opportunities within it. If you lose, so be it; focus on doing what you should do, and leave the rest to the market; in any case, you can always use profits to cover losses in the end.
However, 99% of people’s biggest problem is that they don’t have their own trading system. Therefore, when they trade, they fear losing money because that money, once lost, is hard to recover. Even if they earn back through luck, they will eventually lose it back through skill.
A single tree cannot make a forest; a lonely sail cannot go far! In the crypto circle, if you don't have a good community or insider information, I suggest you follow me, and I will help you succeed without any cost; welcome to join the team!!!