In the last bull market, I earned 4.2 billion. Let me share my experience of making my first bucket of gold in the crypto space.

A male born in 2008, graduated from elementary school in 2018, worked in Shenzhen, and entered the crypto space in early 2020.

Currently, I have two houses and two cars in Guangzhou, and I can spend 100,000 every month without much pressure; most of my other assets are in exchanges.

Actually, trading is an extremely tedious task at first, as long-term involvement has passed that phase of excitement; it's no longer the stage of being thrilled by some fluctuations.

1. [Staying up late] This is basic operation; for our group, it’s simply a part of daily life. That’s why you often see so-called genius traders looking much older than their years; fortunately, I still pay great attention to my appearance, after all, one relies on looks to make a living. Haha~

2. [Carefree] It's not like you imagine, partying every day; more often, it's a casual state of affairs. Even when going out to play, I can't fully get into the mood. A state called anxiety drives me not to stop, because there are too many people who trust us, and every bit of trust is actually pressure for us, which in turn motivates us to improve. Every day isn't about feasting and socializing, but rather an endless watch over the market, following news, and summarizing reflections; at least that's how I am. The messages on my phone are endless.

3. [Stress] As for stress? Haha, from initially dealing with stress issues to now increasing the ability to endure stress. Someone asks why I always watch? Because contracts are primarily short-term, so one generally looks for suitable opportunities. Then there are responses to various questions from others. I am a nice person, haha, and the differences in points are still very significant; those who understand know.

Lastly, let me share my trading principles:

1 Say goodbye to trading based on feelings and respect market emotions.

2 Strictly set stop-loss levels. The stop-loss level must be based on market conditions and your capacity for loss.

3 Stick to your original view, and if you're wrong, take responsibility.

4 Trading isn't about who makes more money, but about who goes further.

Finally, I hope everyone who reads this can overcome their human nature, because trading is a struggle against human nature.

To summarize what I did well:

As a full-time cryptocurrency trader, I always keep in mind the 10 iron rules of trading, which I printed and pasted on my computer desk and bedside, constantly reminding myself.

Every iron rule is a summary and sublimation of countless practical experiences, worth reading 81 times!

10 top mindsets that can help you survive in the crypto space and make big money:

In the ever-changing world of cryptocurrencies, to achieve results, one must actively learn and enhance their thinking.

As Charlie Munger said: When opportunities arise, one must invest boldly.

When you can't sleep well because of investments, it's not necessarily because you invested a lot; it might be due to a lack of confidence in your selected assets or using high leverage that exceeds your risk tolerance.

In the past, when buying a house, the whole family would exhaust all savings, and even possibly take out loans to buy, but could still sleep peacefully.

There is no essential difference between trading real estate and trading cryptocurrencies; as long as the leverage is high, sleep becomes elusive, especially now.

10 top mindsets that can help you survive in the crypto space and make big money, reminding all cryptocurrency traders to remember:

These valuable pieces of advice are the wisdom crystallized from years of practical experience, and are worth our thoughtful consideration and strict adherence. I hope these suggestions can help everyone avoid detours in the market and steadily move towards success.

These are heartfelt words from my years of trading in the crypto space; each one is very useful. However, the hardest part is to achieve unity of knowledge and action. I hope everyone can remember these iron rules and ride the waves in the crypto space together!

How do cryptocurrency traders grow?

The volume of practice must be large, must be large, must be large, must be large, must be large; it's important to say it five times.

A lot of practice can help you solve many things.

1. Daydreaming

I have seen some traders who, for some reason, always like to talk about trading, like how to do this or that, but when it comes to actually doing it, it's a different story. Such traders are plentiful, so practicing more leaves no time for daydreaming about how to trade or how to be perfect.

2. Break the superstition

Frequent trading can break superstitions, such as whether moving averages are support or resistance, whether previous highs are support or resistance, and whether trading should be limited to within one's capabilities; all of these are superstitions. Why? Because with a lot of practice, you'll naturally understand.

3. Gain rich experience

There is a saying: 'If I were a screenwriter, I wouldn't dare to write it this way.' What does it mean? Many times, you rely on logic to guess the truth of what others say, which can be exhausting. A lot of practice will bring rich experiences, so when what others say is similar to your experiences, you can understand the meaning behind their words much better than just sitting and theorizing. Of course, not everyone dares to practice a lot; some will say that extensive practice incurs high transaction fees and ends up working for exchanges, while others will say that the more they practice, the more they lose. Some are even afraid of extensive practice.

We utilize the good side of mistakes—lessons learned—and control the bad side—losses.

A good trader is the one who best utilizes stop losses.

All traders who establish a correct learning mechanism can grow faster than others.

Why do I always make small profits and suffer big losses?

In cryptocurrency investment, there is a common phenomenon: clearly deciding to do trend trading, yet often losing direction during operations, thinking about long-term gains while also unable to resist the pursuit of short-term fluctuations, and even unwilling to miss out on small profits from short-term trades. As a result, one finds returns falling short of expectations, frequently getting stuck, or even losing out entirely, ultimately missing the wealth from the trend.

This phenomenon superficially appears to be a 'cost of opportunity' issue, but in reality, it is a matter of cognition, mindset, and execution errors.

Step one: Turn long-term into mid-term, cash in profits early.

Step two: Turn mid-term into short-term, repeatedly chasing price increases and cutting losses.

Step three: Trend trading is completely out of control.

How to truly grasp the wealth of trend trading?

First, clarify your goals and focus on one strategy.

Before investing, one needs to determine whether their goal is long-term, mid-term, or short-term. Long-term investors must have a mindset of 'as steady as a mountain, assessing the situation,' mid-term traders need to focus on buying and selling points, while short-term players must concentrate on short-term fluctuations. If one wants to achieve all three—long, mid, and short—they often end up losing their direction. To truly seize your wealth opportunities, you must focus on one strategy, as each strategy has different logic and rhythms.

Next, give up the obsession with extra profits.

If you decide to do trend trading, you must focus on long-term goals and ignore short-term fluctuations. Do not try to accommodate all goals in one trade.

For opportunities in fluctuations and short-term trades, set limits in advance. Don't be greedy and try to catch everything; instead, stick to your original intention.

In investing, greed is the biggest enemy. Only by overcoming the mindset of 'wanting everything' can one truly take control of investments and maximize returns. As an old saying goes: 'You can't have both fish and bear's paw, but when the fish is big enough, it can also be fulfilling.'

Finally, enhance your understanding of trend trading.

The core of trend trading lies in seeing the big direction clearly. Investors need to enhance their confidence in market trends through fundamental research and technical analysis. Only with sufficient understanding of the trend can they remain calm and earn steadily amidst fluctuations.

The market has never lacked opportunities, but truly making money belongs to investors who have the patience to wait and stick to their strategies. Lack of patience is the reason many investors ultimately give up halfway.

Four ways to earn stable profits in the crypto space:

Let's first talk about the first type of regular investment: a foolproof investment method that almost everyone in the crypto space knows. It seems simple, but very few people can stick to it.

The first type of regular investment: I did a public investment in 2018, with returns exceeding 500%. Although this time I only invested 4 times over two months, I just calculated that my total investment was $31,828, and my total return was $11,253; the overall return rate has already reached 35%, and this is just the return over two months.

This return is much more stable than the short-term trading and contracts of 90% of people in the crypto space. Plus, I sleep soundly.

The second type of investment is investing in yourself: what value investing in yourself means is continuously updating your understanding every day. In the crypto space, one day is like a year for others. We must view the world with a developmental perspective; the world is changing, the crypto space is changing, so our understanding must also change. How specifically to invest in yourself?

I recommend a book that changed the trajectory of my life; it's called 'Atomic Habits'. What are atomic habits? If you want to get fit, just do one push-up every day, just one. When you first set goals, they must be low so that you can easily reach them, and then do it every day. First, establish a habit, because humans are creatures of habit, and 70% of our behaviors are governed by habits.

The third type is long-term holding of Bitcoin and Ethereum, and very few can achieve this, with 9 being a number. Of course, more aggressive individuals can buy some small cryptocurrencies for long-term holding. From this year onwards, the crypto space will no longer just belong to Bitcoin and Ethereum; in the next bull market, there will definitely be another cryptocurrency that exceeds Bitcoin's market value, and I am very confident about this.

Therefore, you can also choose 2-3 small cryptocurrencies for long-term holding.

Some people say, what's the difference between long-term holding and regular investment? The difference is significant. Long-term holding is only suitable for seasoned investors who have a positive long-term outlook on Bitcoin and Ethereum and can endure loneliness. If you are a new investor just entering the crypto space, this method may not be suitable for you, as the volatility in the crypto space is too great. One crash and you could be thrown off the ride.

We say that the difficulty of long-term holding lies in hearing countless attacks on Bitcoin and Ethereum in the future, and these voices may come from mainstream media or authoritative experts, and they seem quite reasonable. You will repeatedly doubt whether your decision is correct, especially when the price of a single coin plummets; you will ask yourself this question repeatedly and have significant doubts about yourself. If your decision to hold Bitcoin long-term was impulsively made after reading my article, you are likely unable to hold on and may well sell during a crash. When you review your actions later, you might find an astonishing coincidence: why do I always buy at the highest point and sell at the lowest?

Because your understanding is insufficient, if you have done the first three points of regular investment, investing in yourself, and mining well, the fourth step will naturally follow without much effort; why? Because regular investment will lower your risk, continuous learning will enhance your understanding, and mining will provide stable cash flow. For example, if you have 10 mining rigs, each making over 1,000 yuan a day, and your monthly expenses are 30,000 yuan, then unless you are particularly extravagant, it will generally be enough. Thus, with mining rigs, you won't be forced to sell your coins due to living issues.

If you want to find opportunities to deeply analyze trends and accurately seize trading moments, welcome to Su Ge's 'main business'!

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