The crypto world is heaven and hell. Behind the myth of overnight wealth are more silent sighs of liquidation. Want to survive in a market where you’re walking on a knife's edge, even making the Cullinan diamond no longer a dream? These iron rules earned with real money should be etched on your trading screen:
1. Rhythm is life: Don’t be the market's sycophant.
In an upward trend: Don’t fear pullbacks! That’s a discounted ticket to get on board; hesitation will lead to defeat.
In a downward trend: Any rebound is a signal to escape; don’t fantasize about a V-shaped reversal; slow buyers will pay the price! Remember: Small rebounds lead to big escapes!
Early session surge? First reduce your position to lock in profits; don’t be greedy and let the meat fly away.
Early session plummet? Don't panic and cut losses; see clearly if it's a real collapse or a false drop.
Late session surge? Lock in profits is the safest; who knows what tomorrow holds.
Late session plummet? Don’t rush to bottom fish; there may be lower points tomorrow.
Afternoon chasing high? Ten chasing nine sets, be cautious!
2. Position management: The golden shield for survival.
Never go All In! A single bet is the fastest way to zero. Build positions in batches, like an army advancing step by step, able to attack and defend.
Position combination: 4-8 coins is the golden range (adjust slightly based on capital). Too few? Risk is too concentrated; a black swan can take you back to square one. Too many? You can't keep track, and scattered attention equals giving away money. This number is not arbitrary; it's a balance point learned from painful lessons. (Want to know how to scientifically allocate ratios? Keep reading...)
3. Mental Training: Overcome human weaknesses to win.
Caught in a position? Don’t rush to average down! Good coins (like $BTC, $ETH, etc.) are your friends over time; bad coins are a bottomless pit no matter how much you add! Remember: Don’t fall in love with coins! They are just money-making tools.
Sold too early? No regrets! There’s no end to money in the market. Missed out? Don’t rush! Opportunities come every day. Stuck in a position? Analyze calmly; don’t just sigh. Missed an opportunity? Don’t force it; wait for the next one.
Taking profits should be like a scumbag: decisive and straightforward! Withdraw when you're 80% full; don’t fantasize about eating from start to finish. Greed is the brother of liquidation.
Is bottom fishing and peak escaping a godly skill? Wake up! That's survivor bias. Ordinary people pursue a vague correctness; just enjoy the fish.
4. Technical Mysticism (also science): Respect market laws.
How long is horizontal, how high is vertical? If the support level is worn down for too long, a breakdown is highly likely; if the resistance level is pushed for too long, a breakout is inevitable. Don't stubbornly resist the trend! Going with the trend is the way to go.
Finally, the most critical suspense:
The above iron rules are a consensus earned by countless seasoned traders with real money, even at the cost of liquidation. But knowing ≠ doing. How to accurately grasp that entry and exit point in a rapidly changing market? How to customize your exclusive 4-8 coin golden combination and precise position ratio based on your capital and risk preference? How to maintain that scumbag-like calmness and decisiveness amidst panic and greed?
Behind this, a set of tested, replicable trading system principles and emotional management tools is needed. Space is limited, so I can't elaborate fully here. But if you're tired of being repeatedly harvested by the market and eager to establish your own stable profit system...