From 60,000 to 8 figures in 6 years in the cryptocurrency circle:

My survival rules 1. From debt to eight figures: A trader's confession

I borrowed 60,000 yuan to enter the market in 2019, and have been a professional trader for 6 years - I have seen the myth of getting rich by leveraging 100 times, and I have also seen the tragedy of zero return in the bear market. Now I only believe in one thing: surviving in the cryptocurrency circle does not rely on luck, but on anti-human discipline.

2. Three survival cognitions that novices must understand

10,000 hours is just the starting point

5 years of 8 hours of daily review to reach the threshold of stable profit

At any time, the investment funds are ≤ the upper limit of the tolerable loss

100 times leverage = zero accelerator

I have seen too many "contract masters" who make millions in the bull market and blow up in the bear market

99% of people can't stand a 50% retracement, and human nature can't stand the test

Results are not acting

After 3 consecutive months of losses, it was found that: 70% of the losses came from impulsive trading without stop loss

Don't make excuses if you lose, and don't attribute the profit to luck

3. The core rules for reversing losses

Stop self-deception

Statistics of 3 data every week: winning rate / maximum single loss / proportion of impulsive transactions

"Three questions" before trading

1. Logic? (such as BTC standing firm on 4-hour MA60)

2. Stop loss? (3% below the opening price)

3. Can you accept the loss? (Only use 1/10 of the 20% principal)

Abandon three mentalities

Luck: "No need to stop loss this time"

Get rich: "All in will lead to financial freedom"

Follow the trend: "If others buy, I will buy too"

IV. The ultimate truth of trading

Cut if you are wrong: 7 out of 10 stop losses were washed out, but 3 times were able to avoid the plunge (such as 519)

Take it if you are right: ETH went from 1800 to 4300 by "less movement"

Current system: 4-hour chart trend, single position ≤5%, earn 20% and withdraw 10% in cash

Finally, a reminder: From debt to eight figures, I rely on admitting ignorance - don't do market trends that I don't understand, and don't touch transactions that I'm not sure of. People who continue to make money in the currency circle are doing "anti-human" things. Establish discipline now, and you will thank today's choice in 3 years. #加密市场回调 #以色列伊朗冲突 #剥头皮策略 #MichaelSaylor暗示增持BTC #美国国债