Is trading cryptocurrencies a way to get rich?
Yes, but the premise is: you have to live long + have control.
Getting rich is relative
Turning 100,000 into 1 million, some people feel rich
1 million in Shanghai can only buy a toilet
With a small principal, high profits are meaningless
→ To amplify returns, you must live long enough to roll out the principal scale
To win in the long term, it's not about luck, it's about a complete trading system👇
✅ 1. Risk Control: Position + Stop Loss = Lifeline
Positive position increase: Increase by 1:0.6:0.3 after profit
Reverse position decrease: Halve the position each time when losing
Leverage usage ≤ 20% of account net value
Stop loss iron rule:
Single loss ≤ 2% of total funds
Single day loss ≥ 5%, stop trading
Weekly loss ≥ 10%, mandatory review
✅ 2. Trading Discipline: Only act during high win rate periods
Three-fold verification signals: Fundamentals + Technicals + Emotional resonance
Clear positions 1 hour before major data releases
If you lose 3 trades in a row, stop trading for the day
During inactive periods, halve your position
✅ 3. Psychological Management: Steady emotions, steady account
Profit reaches 20%: Withdraw 10% to secure profits
New net value high: Reduce leverage by 10%
Drawdown exceeds 30%: Automatically take profit and exit
Loss recovery process:
Circuit breaker: Pause trading for 24 hours
Review and record emotional fluctuations
Simulated trading to verify strategy for 2 weeks
✅ 4. Strategy System: You cannot rely on one method to eat
Allocate 3 sets of strategies: Trend / Arbitrage / Hedge
Funding ratio 5:3:2, dynamically allocated
Quarterly assessment of strategy effectiveness
Response to extreme market conditions:
VIX > 30 activate crisis plan
Black swan triggers hedging
In case of poor liquidity, reduce position to 10%
✅ 5. Continuous Growth Mechanism: Experts are forced out
Record decision + emotions for each trade
Weekly review of win rate, profit-loss ratio, maximum drawdown
Monthly study of policy reports
Annual strategy backtesting (10 years of data)
Survival rule formula:
Long-term profit = (Risk Control × Discipline) ÷ (Emotions + Leverage Abuse)
Wanting to get rich is not wrong, but please ask yourself first:
Do you have a plan, risk control, and rhythm?
If yes, you can survive.
If no, you will be asked to leave the market.
