After ten years of ups and downs in the cryptocurrency circle, I have personally experienced three bull-bear transitions, from an initial principal of 50,000 to now achieving financial freedom.
During my six years of professional trading, I have experienced significant ups and downs, from debt to current financial freedom, transitioning between classes. I have made money, lost money, dabbled in all sorts of ventures, including dog tokens, ICOs, and mining, and have gone through countless pitfalls. It is a battle of long and short, but more like managing mindset, full of surprises and disappointments, in a magical circle, a captivating place, summarizing countless methods and strategies. In the end, there is only one way to make money, which is simple and brutal: buy in bear markets and sell in bull markets, ensuring profits without losses.
Core survival rule.
Only use money you can afford to lose.
Wait for the right moment like a cheetah.
5 times leverage is the golden ratio.
Protecting the principal is protecting hope.
Core strategy: high leverage + precise targeting + strict stop loss.
1. Only trade BTC/ETH - high liquidity, few spikes, the battlefield for large funds is your opportunity.
2. Start with 20 times leverage - turning 1000 USDT into 20000 USDT, requiring only a 5% fluctuation, but remember: set a stop loss as soon as you open a position; the liquidation line is your bottom line.
3. Breakout chasing method - wait for a major level to consolidate and break (over 4 hours), enter the moment the price breaks previous highs/lows, capturing the momentum.
In the core of trading in the cryptocurrency circle, only by being sufficiently educated by the market can one truly understand.
The core of trading is position management:
All trading actions must be conducted under appropriate position management.
Make a big profit at the right time.
Minimize losses when losing.
This is the guarantee of stable capital growth.
Because humans are always driven by emotions rather than rationality.
No matter how you claim your decisions are rational.
It is definitely dominated by emotions.
Your direction contains your subjective assumptions.
All technical indicators will be influenced by the strength of your judgment.
We make money in the market.
We must thank the market.
It’s not about how strong we are ourselves.
But because the market has allowed us to taste the sweetness.
Everything is about opportunities and discipline that lead us to victory.
The key here is position management.
Living longer increases the possibility of winning.
This is a probability game.
Not everyone’s ATM.
The difference between speculation and gambling is the distinction between discipline and animal instinct.
The violent rolling method of turning 1000 USDT into 20000 USDT: the ultimate strategy for small funds to turn around, three principles of position control.
Initial position 200 USDT to test the waters - don't go all in right from the start, leave some bullets.
Immediately withdraw 300 USDT as capital - use market money to continue trading.
Stepwise profit harvesting - take 1/3 of profits after earning 30%, then re-enter after breaking previous highs.
(My 'Pyramid Increasing Method' can reduce the risk of liquidation by 80%).
The devil is in the details.
Strike during the golden hours: closely monitor the peak liquidity in the US market (9 PM - 12 AM).
Lock leverage at 3-5 times - no matter how tempted, do not cross the line.
Move the stop loss by 0.5% - this is your lifeline.
(Last year, using this approach on PEPE, I made 7 times returns in 18 days.)
Mindset determines everything.
Account hits 3000 USDT? Withdraw 1000 USDT first to secure profits! Remember:
The most terrifying aspect of a bull market is not missing out on opportunities but watching profits slip through your fingers.
Want to turn around with small funds?
It’s not about luck, but about this set of rolling stock techniques!
When others are still hesitating, you are already rolling profits like a snowball...
99% of those eager to profit in the cryptocurrency circle usually go through three stages.
The first stage is an experiential journey, often resulting in small gains followed by large losses, or the money earned is completely given back.
The second stage is solidifying beliefs, achieving small gains, and summarizing experiences and lessons after encountering new things, thus forming one's own rhythm.
The third stage is the moment that truly has the potential to change one’s destiny. With strategy, timing, discipline, and perhaps a bit of luck, substantial wealth may be earned.
Those who can return home fully loaded and retire successfully in the first stage are indeed rare; more people exhaust their principal without reaching the shores of success. Being able to persist on the 'table' is already quite remarkable.
In summary, everything seems wonderful during an uptrend; during a downtrend, everything appears awful.
Therefore, when information floods in like a tide, one must remain humble and cautious.
The more eager you are to operate, the more losses you often incur. Strive to cultivate a good mindset, excellent discernment, and high focus on tasks!
A nearly 100% profit method to make 20 million? This is my seven iron rules earned through blood and tears.
I finally realized - the simplest methods often yield the most profits. Today I will show you my trading diary:
1. Night battle rules.
During the day, the market moves like a drunken man dancing, with chaotic messages and manipulators drawing lines. I only open my trading software after 9 PM each day, at which time the K-lines are clear and the direction is obvious.
2. Withdrawals to prevent overexcitement.
Made 1000 USDT? Withdraw 300 to your bank card first. I've seen too many people go from tripling their money to zero, just a breath away from 'just wait a bit longer.'
3. Three key indicators.
MACD golden cross and death cross.
RSI overbought and oversold.
Bollinger Band opening direction.
Three indicators, two resonances before taking action; this is a lesson learned with a tuition fee of 200,000.
4. The art of moving stop losses.
When monitoring the market, move the stop loss up by 3% for every 5% increase, and always set a hard stop loss of 3% before sleeping. I survived last year's plunge on 312 without a scratch thanks to this tactic.
5. Friday withdrawal day.
Every Friday, without fail, withdraw 30% profits; the rest is the battlefield capital. After 8 years, just the interest from withdrawals is enough to buy a house.
6. K-line time-space rules.
For short-term views, consider only two consecutive bullish candles.
Horizontal observation for 4 hours: ambush near support levels.
Remember: the market is three-dimensional; do not view K-lines with a two-dimensional perspective.
7. Four blood oaths.
❗Leveraging over 10 times = suicide.
❗Touching altcoins = giving money to the operators.
❗More than 3 trades in a day = a sign of losing control.
❗Borrowing money to trade cryptocurrencies = eternal damnation.
Seven ways to die in trading cryptocurrencies! Bull markets must be cautious!
The cryptocurrency bubble has confused countless people, leading them to invest without hesitation. Some even choose to quit their jobs and invest all their savings into trading cryptocurrencies, documenting their trading diaries online.
It is certain that those who first participate in trading cryptocurrencies often find it easy to profit, and this quick money-making feeling makes it hard to resist, further fueling their greed, hoping to earn more wealth. However, even if the cryptocurrency bubble does not burst, speculators still face significant loss risks. Below, we will look at the seven most common ways traders 'die'!
The first way: die from buying against the trend.
The sharp drop in cryptocurrency prices often becomes a litmus test for the greed of traders. Some traders cheerfully see the market drop and impatiently choose to buy at the bottom against the trend, but they fail to realize that the so-called bottom is not the end, but a bottomless pit.
There may be more uncertainties and risks hidden at the bottom of this pit, like an abyss without a bottom; once one falls into it, the buyer may find themselves in endless trouble, buying again and again, only to be trapped.
It can be said that buying at the bottom against the trend is one of the main reasons many traders incur losses. During an obvious downward trend in the market, some traders mistakenly believe that cryptocurrency prices have dropped to a level that will attract new speculators, thus expecting a rebound.
However, the reality is that the more one tries to buy at the bottom, the more losses accumulate until unbearable, erasing not only previous profits but potentially completely draining the principal.
Taking the volatility of Bitcoin in 2013 as an example, it soared from tens of dollars to about 1000 dollars, then plummeted to over 100 dollars. This rollercoaster-style market has bankrupted countless traders.
The strategy of buying at the bottom can only succeed in a consolidating or upward-rebounding market; at other times, such behavior is typically a shortcut to disaster. This is precisely the importance of operating in line with the trend; correct trend-following operations can succeed multiple times in a consolidation, while counter-trend operations, even if done right countless times, can lead to irrecoverable losses with just one mistake.
The second way: die from leveraging.
Within the cryptocurrency bubble, some traders have tasted sweet rewards, desiring to increase investments to earn more profits. However, due to a lack of extra funds on hand, they start considering borrowing money or financing for trading, thus increasing their leverage.
Currently, the general leverage ratio is 5-10 times, meaning traders can borrow more funds to invest with their limited principal. For example, with 5 times leverage, if the principal is 300,000 yuan, the trader can borrow 1.2 million yuan and then buy cryptocurrencies with a full position. Whether cryptocurrency prices rise or fall, profits or losses will be magnified by 5 times. Specifically, if the cryptocurrency price rises by 10%, the trader's profit will be 50%; conversely, losses will also be magnified by 5 times. This means that as soon as the trader's loss reaches 20% of the principal, liquidation will occur, and both the principal and the borrowed funds will be wiped out. Generally, traders do not start with high leverage but begin with smaller leverage ratios. However, repeatedly making money will gradually relax their vigilance towards risks, leading them to blindly believe that cryptocurrencies will only rise and not fall, ultimately resulting in total loss. For example, from 2017 to 2018, Bitcoin continuously broke important price levels, reaching a peak of 18,000 dollars, and many increased their leverage ratio in hopes that Bitcoin prices would further rise to 30,000 dollars.
However, Bitcoin eventually fell from 18,000 dollars to about 10,000 dollars, and those who used leverage experienced liquidation and severe losses. In short, this behavior involves seeing some traders become wealthy overnight, then chasing short-term profits, only to bet in the wrong direction.
The third way: die from K-line charts.
Cryptocurrency trading uses K-line charts, although this knowledge originates from the stock and futures markets, K-line charts for cryptocurrencies cannot be completely applied with stock and futures experience. Due to various uncertainties, relying solely on charts for trading cryptocurrencies may result in severe losses.
For instance, in 2013 and 2017, the Chinese government cracked down on cryptocurrencies, leading to a sharp drop in prices; in 2017, the South Korean government also took action against cryptocurrencies, causing similar drastic price declines.
In short, cryptocurrencies cannot receive formal recognition from central banks of various countries, and lacking legitimate status makes them easily impacted by various policies. Such impacts are unpredictable through K-line charts, making it difficult to avoid risks. Additionally, there are illegal activities such as price manipulation in cryptocurrency trading.
In regulated stock and futures markets, such behavior is explicitly prohibited and supervised. However, cryptocurrency trading is in a relatively wild era, with various demons rampant, and the role of K-line charts in this environment is relatively minor and may even become a tool used by these demons to lure traders.
The fourth way: die from chasing highs and cutting losses.
Due to the instability of K-line charts and the lack of other more reliable trading methods, the vast majority of traders tend to adopt the strategy of chasing highs and cutting losses. It is well known that chasing highs and cutting losses may yield substantial profits in the short term, but in the long run, the probability of losses is higher.
In the stock market, the probability of long-term profit is about 10%, which includes some value investors. In the futures market, the probability of long-term profit drops to 1%. In comparison, trading cryptocurrencies is even more difficult. Although many traders currently claim to have achieved certain profits, whether the proportion that can sustain profits exceeds 1‰ is a high-probability issue. Most traders may ultimately incur losses in the market.
Furthermore, although some people realize the instability of chasing highs and cutting losses and wish to hold cryptocurrencies long-term, human nature is inherently greedy and fearful. Fearful of falling prices and greedy for rising prices, this leads to a mismatch between actual operations and rational expectations.
Only a very few people can overcome this nature and conquer greed and fear. However, most people are stuck in a cycle of constantly repeating their mistakes, much like a goldfish with a 7-second memory, making it difficult to truly change.
The fifth way: die from not stopping losses.
For some traders, they firmly believe that no matter how much cryptocurrency prices plummet, they will eventually rebound. They hold on to their belief of not selling, even claiming they would rather die than sell, maintaining calm during any downturn, believing that miracles always exist.
However, for certain cryptocurrencies, refusing to sell even when faced with losses may truly lead to significant losses. Taking ZH coin as an example, it once fell from a peak of 35 yuan to 0.5 yuan, and then collapsed and was investigated for suspected pyramid schemes, with 260 million yuan disappearing into thin air. This can be said to be the most tragic death for traders.
Vulnerable traders mainly fall into two categories: one is those who are new to trading cryptocurrencies, who, due to ignorance, are unaware of the cruelty of these deaths, leading to their funds being inexplicably exhausted; the other is experienced hands who have been in the trading circle for a while, having gone through many transactions and overall made some profits.
For many, the volatility of cryptocurrencies has become a norm, even viewing sharp declines as an opportunity, with bolder moves, yet they fail to realize the variety of cryptocurrencies, where a careless mistake could lead to liquidation or collapse. Many tokens have experienced liquidation due to policy crackdowns, and previous gains have suddenly plummeted.
The sixth way: die from high-frequency trading.
Many traders are enthusiastic about high-frequency trading, frequently buying and selling, pursuing substantial profits through price differences. However, the final result is often continuous losses. Why does this happen? Theoretically, if you earn 1% on each trade, as long as you ensure that you successfully earn once a day, the daily return rate is 1%.
In one year, this will yield a profit of 365% or even more. If compounding effects are considered, this number is even more astonishing. However, in reality, achieving the goal of making one successful trade each day seems simple, but is an extremely difficult task.
This is because the price of cryptocurrencies fluctuates greatly, making accurate predictions difficult for short-term trading, and high-frequency trading leads to a decrease in success rates. The decrease in success rates leads to more losses, and an increase in losses affects traders’ mindset, which worsens their mindset and further leads to more and larger losses, forming a vicious cycle.
For example, imagine the consequences of frequently changing lanes on a highway; almost everyone knows that such behavior will eventually lead to trouble. The principle of high-frequency trading in cryptocurrencies is similar. Additionally, high-frequency trading leads to more transaction fees, and the actual profits may not cover these fees, which is a common issue.
The seventh way: die from blindly following the crowd.
Many traders lack a deep understanding of cryptocurrencies; they merely hear that they can make money and rush in. After engaging, they often blindly worship the statements of certain influential figures, such as Bitcoin ultimately becoming legal tender, cryptocurrencies being limited in quantity and not depreciating, and the future of the 21st century belonging to cryptocurrencies. This viewpoint is widely present on social media platforms like Weibo, Xueqiu, and Zhihu, forming some 'spiritual leaders' who promote cryptocurrency trading.
Many people are easily misled, with some quitting their jobs to trade cryptocurrencies, and others even selling their homes to borrow money for trading. However, the end result is that they earn no money while losing both their jobs and careers.
Taking the well-known figure in the cryptocurrency circle, Li Xiaolai, as an example, he once promoted the token EOS, helping it raise 185 million dollars in just five days. However, later EOS released a statement clarifying its relationship with Li Xiaolai and denying him as a co-founder or director of the project, which was shocking. Many cryptocurrencies seek endorsements from influential figures to enhance their value, misleading traders into believing that the cryptocurrency has robust technology, bright prospects, and will experience a surge. The fiction of endorsements from influential figures and the blind faith in the supposed bright future of new cryptocurrencies is often just a prelude to death.#美国加征关税
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