《I Lost 6 Million Before I Understood: The Crypto World Is Not About Intelligence, It's About Survival》
My account once exceeded 10 million, but I also experienced a total loss. From stubbornly holding on to disciplined recovery, I just want to tell you:
Trading contracts is not a technical battle, it's a life-or-death game.
If you don't want to die, engrave these 10 iron rules in your mind:
① Within 200,000 USDT, don't talk about faith. If you can't hold on to faith, don't stubbornly bear it.
With small funds, only participate in the main upward trend; if there's no structure, stay in cash.
It's not that you are Munger; it's that you don't have the life to 'buy the dip'.
② Good news is bad news; don't be a bag holder.
78% of good news peaks on the same day.
If you rush in, institutions are just cashing out.
Chasing the rise is the last romance of retail investors.
③ Before holidays, never hold onto fakes.
Holidays = window for unloading.
Smart money exits before the holiday, while you are 'celebrating the New Year'.
After the holiday, looking at your account, only 'reunion dinner' remains.
④ Below the yearly line is not a pit, it's a grave.
Don't treat 'it's dropped a lot' as a buying point.
90% of yearly line buy-ins end up as burial orders.
A rebound ≠ reversal; taking profits is the hard truth.
⑤ Short-term trading essentials: high volatility, high turnover, high controversy.
Seeing a huge breakout, act immediately.
The market takes off without waiting; hesitation will lead to being carried away.
⑥ A real rebound comes from hell.
Two large bearish candles crashing down signal a buying point.
RSI breaking 20 is the limit for the rebound startup zone.
If you're afraid of falling, don't trade contracts; if you dare to enter, dare to exit as well.
⑦ Stop loss at 5%, live longer.
It's not that you stop loss late, it's that the market clears your position quickly.
If discipline is weak, your account will inevitably go to zero.
⑧ Short-term operation: enter fast, exit hard.
Golden cross in 15 minutes, no dilly-dallying for 4 hours.
Take profit at 5% and leave; not being greedy = constant victory.
⑨ Don't have too many strategies; be specialized to be fierce.
Don't learn everything and excel at nothing.
I only do one move for three years: attacking the main upward trend, resulting in dominating the market.
⑩ Bottom fishing destroys countless people.
Most people are not bottom fishing; they are being 'harvested' at the 'bottom'.
The real golden pit has an invisible triple structure that you can't understand just by looking at a few candlesticks.
Summary:
Want to play contracts? Please bet your life.
Want stable profits? First, avoid self-destructing.
Surviving in the crypto world relies on: stop loss + discipline + execution power.
