Lost 7 million over 9 years, also earned back 10 million
After wins and losses, I only leave these 16 iron rules
Written for all of you who are still facing liquidation and confusion
After 9 years of trading coins, from peak to abyss, then bouncing back from the low
I rely solely on these 16 iron rules + 10 top mindsets,
Protect the principal, seize big trends, and ultimately achieve a turnaround
Without these understandings, no matter how high your skills are, they are in vain.
✅ Part One: 16 Iron Rules Summarized from Blood and Tears
1️⃣ If the moving average breaks, take profits; if the volume breaks without movement, hold your coins
📌 Breaking below the moving average = trend reversal, must avoid major downtrends
2️⃣ If it doesn't rise after buying for 3 days, then cut losses
📌 If you don’t move, switch; funds shouldn’t be tied to battles
3️⃣ If you lose 5%, retreat immediately
📌 Losses can't be 'waited back', that’s gambler logic
4️⃣ Buy at key supports, sell at volume explosion points
📌 Buy on dips, not on rallies; low buying is king
5️⃣ Don't chase after violent rises, don't buy after violent falls
📌 Real bull coins will give opportunities on pullbacks; a surge in altcoins is just a prelude to a crash
6️⃣ Don't play coins that no one monitors
📌 No depth in trading = dilemma
7️⃣ Don't add to losing positions, only add to winning ones
📌 Adding to positions in the direction of the trend is for masters; adding against the trend only leads to greater losses
8️⃣ If the buying logic is unclear, don't place orders
📌 Trading without looking at K-lines is like rolling dice
9️⃣ Don't understand macro sentiment, don't make heavy positions
📌 Bull and bear transitions depend entirely on capital flow
🔟 Stick to the leaders, avoid the mixed ones
📌 When sectors start, only eat the leaders, the rest are cannon fodder
1️⃣1️⃣ Don't lose 3 times in a row, don’t continue trading
📌 When emotions get chaotic, the winning rate goes to zero
1️⃣2️⃣ You operate yourself, not the market
📌 Trading is about controlling your greed and fear
1️⃣3️⃣ Light positions in volatile markets, heavy positions in trending markets
📌 Emotional markets don't talk logic; going with the trend is the only solution
1️⃣4️⃣ Don't chase after breaking previous highs, don't buy after breaking previous lows
📌 Waiting for a pullback is the way to buy low, don’t take the main force lifting the market as an 'entry signal'
1️⃣5️⃣ Better to miss out than to make a mistake
📌 A wrong trade can lose a year, staying in cash won't kill you
1️⃣6️⃣ Withdrawal is more important than trading
📌 Money in hand is money, no matter how much is in the account, it's just a numerical illusion
✅ Part Two: 10 Mindsets of Top Traders
📍01 The time spent without positions determines if you are a master
Masters understand: If the market is not right, it's better to wait
If you don't trade, the market won't receive your 'tuition'
📍02 Be prepared for losses before considering profits
True mature trading sees losing money as 'within the plan'
📍03 Don't move in bear markets, don't sell in bull markets
Better to miss out than to make a mistake
Holding coins when the market is unclear = waiting to die; selling in a bull market = eternal regret
📍04 Don't frequently switch coins, don't diversify too much
The more you divide your funds, the worse it gets; the more you switch, the more you lose
📍05 Don't chase hot spots, just bet on logic
Short-term hotspots rely entirely on news speculation
Only long-term logic will yield profits
📍06 Volume + K-line is the key
Patterns can't deceive people; you can understand where the main force is going
📍07 Any advice that makes you 'leverage up and gamble for a turnaround' should not be listened to
Turning around in the crypto world is never about luck, but about systems
📍08 Losing in trading is not scary; the key is whether you review **
Those who don't review will always be the 'chives'
📍09 Don't overestimate the market, don't underestimate the manipulators
You are playing a game of probability, not being a 'predictive master'
📍10 Ultimately relies on 'compound interest' + 'survival time'
Only those who survive are qualified to enjoy the big cake in a bull market
To survive in the crypto world, rely on two things:
① Follow the iron rules, ② Discipline above all.
Those without systems will lose even in bull markets;
Those with systems can survive even in bear markets.
