From 50K to 3.58M, I only did these few things right
In the cryptocurrency circle for eight years, I rolled 50,000 capital into 3.58 million. It wasn't luck, nor was it a lucky hit; it was based on a clear set of principles: steady, accurate, and decisive.
Now I have distilled this experience into 8 rules for short-term trading + 12 life-saving mantras, and I suggest you save and memorize them.
Part One: 8 Iron Rules for Short-Term Trading
1. Only look at mainstream coins each day, resist the temptation of small coins, focus on the top 10 mainstream coins, combine hot news, daily MACD golden cross + BOLL opening to judge the rhythm, and choose varieties with large fluctuations and clear trends to act.
2. Control your position, never be fully invested
Divide your funds into 5 parts, only use 20% to build positions each time, with a maximum position not exceeding 50%, and leave enough base positions for opportunities.
3. Daily trading should not exceed 3 times, trade less
The more frequently you trade, the more uncontrollable it becomes; you must restrain yourself, control your hands, to preserve profits.
4. Never average down, be decisive with stop losses
Once the position drops more than 30% after being built, exit unconditionally with a stop loss, do not hold the position, do not hesitate, holding will lead to death!
5. Set stop loss points, leave if broken
Set a stop loss upon entering, do not look at emotions, only adhere to discipline.
6. Quick in and out, do not get attached to K-lines
Trading is a game of discipline, not a place for emotions.
7. Go with the trend, only trade mainstream trend coins
Those who follow the trend prosper, those who go against it suffer. Do not trade obscure altcoins, do not touch emotional coins.
8. Position management is more important than 'guessing the right direction'
The cryptocurrency circle is not lacking in opportunities to double, but lacks capital that can survive.
Part Two: Life-Saving Mantras in the Crypto Circle
These words are all experiences I gained from countless pitfalls, each one is deadly, each word is life-saving: Don't panic during a morning drop, there may be a rebound in the afternoon; don't get overly excited during an afternoon surge, as a pullback is likely at night! If there's a rise on low volume, it will still go up; if there's a drop on low volume, it will still drop.
80% of movements in the cryptocurrency circle are manipulated; true freedom is not about how aggressively you trade, but whether you can stabilize yourself at critical moments.
What you are fighting for is not technique, but:
Restraint in position management, decisiveness in stop losses and profit-taking, calmness in the face of temptation,
And most importantly, patience, determination, and timing.
Like + follow Wen Ge!
Choosing the right guide is always 100 times more important than blindly working hard!
