In fact, the most important thing is capital management, emotional control, and strategies are variable, while emotions and capital management require self-discipline, which is crucial. Of course, luck is also one of the indispensable elements of success.

It took me nearly two years to earn my first pot of gold in the crypto space. I started engaging in contract trading in 2018, and at that time I was fearless, relying on my own abilities, I lost over 800,000 in six months while still working. Most of it was my savings, but I didn’t dare let my family know because they didn’t understand or support what I was doing at first. I felt the worst not because of how much I lost, but because of the feeling of loss, the negative emotions under long-term pressure made me very melancholic.

In the following year, I continued to earn and lose, but I became increasingly familiar with Ethereum's trends, gradually forming my own sense of the market and trading rhythm. Maybe it was good luck, but in 2020, during the bull market, with Ethereum's skyrocketing price, my trading system also matured. My intraday swing trading points became more precise, and my emotional control improved significantly. That year, aside from recovering my previous losses, I earned an additional 800,000 USDT. Until now, my trading strategy has been to trade with 30,000 USDT, withdraw when I double my capital, and after a liquidation, I rest and adjust before continuing to trade, which is also a way of capital risk control. I only do intraday trading, resolutely avoiding overnight positions and holding against the market to prevent getting caught in extreme market movements.

After a year of full-time trading in 2020, I gained a deeper understanding of this market; truly, a day in the crypto world is like a year in the human world. In the market, long and short positions rotate; as long as there is volatility, making certain swings can be profitable regardless of direction. Sometimes, one should try to avoid intervening in the market's objective trends with subjective judgments, because too many subjective judgments can lead to holding onto losing positions when the market goes against you. Therefore, just follow the market trend and trade accordingly. The opportunities in the market are actually limitless; as long as one tries to avoid making the same mistakes repeatedly, like holding against the trend or over-leveraging against the trend, capital can be preserved, and profit can definitely be made in the market.

Contracts are a testing ground for human nature; sometimes after repeated losses, it's easy to get overly confident and over-leverage or hold against the trend, which are mistakes commonly made due to human nature.

Trading is often contrary to human nature, and full-time trading requires overcoming more pain, misunderstanding, and loneliness. Also, never self-deny; slowly find your own trading rhythm. When things go well, don’t get carried away, and when things go poorly, don’t belittle yourself.

When you realize that you are speculating, you must also understand that holding positions and trading are two different things. Trading is a verb, an action that is often intentional and frequent. When you can better understand what trading is about, your level of speculation will become more flexible, and there is a high chance you can make money in the unpredictable market.

The last point, and the most important one, is that you need to know that surviving in this market as a speculator is not easy, and your trump card is your own trading rhythm; it can preserve your fundamental speculation—capital. Just like playing basketball, when you have the feel, you can almost always make the shot. When your trading rhythm is right, you can almost make a profit on every trade; it’s the same principle.


Time flies, and I have already spent five years in the crypto space. I am still trading and have profits, but my mindset has changed. I have let go of many things and learned to love life and enjoy simplicity.


Finally, I wish you less hindrance on your trading journey and a smooth path to wealth. You are welcome to communicate on the homepage. I write on Zhihu mostly to find like-minded people to move forward together. The trading journey is very lonely, and having someone to accompany and communicate with is a very happy thing. I hope you can take fewer detours in your pursuit of wealth.#BTC再创新高 $BTC