After ten years of struggling in the cryptocurrency space, I have witnessed three bull-bear transitions, starting with a capital of 50,000 to achieving financial freedom today.
During these 6 years of professional trading, there have been ups and downs, from debt to achieving financial freedom, a leap in class. I have made profits and incurred losses, dabbled in various strategies like土狗, ICOs, and mining, and experienced countless pitfalls. It is said to be a game of longs and shorts, but it feels more like managing one's mindset, filled with surprises and disappointments—a magical circle, a charming place that has summarized countless methods and strategies. In the end, there is only one way to make money: that is to keep it simple, brutal—buy in a bear market, sell in a bull market, and profit without loss.
Core Survival Rule
Only use money that you can afford to lose.
Wait for the opportunity like a cheetah.
5x leverage is the golden ratio.
Preserving the principal means preserving hope.
Core strategy: high leverage + precise targeting + strict stop-loss.
1. Only trade BTC/ETH—high liquidity, fewer spikes; large capital battlefields are your opportunities.
2. 20x leverage - turning 1000 USDT into 20,000 USDT with just a 5% fluctuation, but remember: set a stop-loss as soon as you open a position, the liquidation line is your bottom line.
3. Breakthrough chasing method—wait for a significant level of consolidation to break out (4 hours or more), entering immediately when the price breaches previous highs/lows to catch the momentum.
In the core of trading in the cryptocurrency space, only those educated by the market will understand.
The core of trading is position management:
All trading activities must be conducted within appropriate position management.
Make a big profit at the right time.
Small losses when in the red.
This guarantees stable growth of capital.
Because people are always rationalizing their emotional decisions.
No matter how rational you claim your decisions are.
It is definitely dominated by emotion.
Your direction carries your subjective assumptions.
All technical indicators will also show strong or weak tendencies based on your judgment.
We earn money in the market.
Be grateful to the market.
It is not because we are so powerful.
But because the market has let us taste the sweetness.
Everything is about chance and discipline leading to victory.
The key here is position management.
Living longer increases the chances of winning.
This is a probability game.
Not anyone's ATM.
The difference between speculation and gambling is the difference between discipline and instinct.
The violent rolling method of turning 1000 USDT into 20,000 USDT: the ultimate strategy for small funds to make a comeback, with three principles of position control.
Initial position of 200 USDT to test the waters - don’t go all in right away, leave enough bullets.
Immediately withdraw 300 USDT after earning - use the market’s money to continue playing.
Step-by-step profit harvesting - take 30% profit and secure 1/3, then hit back when breaking previous highs.
(My "Pyramid Adding Position Method" can reduce liquidation risk by 80%)
The devil is in the details.
Strike during peak hours: closely monitor the liquidity peak of the U.S. market (9 PM - 12 AM).
Leverage locked at 3-5 times - no matter how tempted, do not cross the line.
Move your stop-loss to 0.5% - this is your lifeline.
(Last year, using this set of strategies on PEPE, I achieved a 7x return in 18 days.)
Mindset determines everything.
Account hit 3000 USDT? Withdraw 1000 USDT first to secure your gains! Remember:
In a bull market, the scariest thing is not missing the opportunity but watching profits slip through your fingers.
Want to turn a small amount of capital around?
Not based on luck, but on this set of rolling techniques!
While others are still hesitating, you are already snowballing with profits...
99% of those who desire to profit in the cryptocurrency space usually go through three stages.
The first stage is the experience journey, often resulting in small gains followed by big losses, or the money earned is completely given back.
The second stage is to solidify beliefs, gain small profits, summarize experiences after encountering new things, and then form your own rhythm.
The third stage is the real moment that can change your fate, relying on strategy, timing, discipline, and a bit of luck, perhaps you can earn considerable wealth.
Those who can return home with full loads and retire in the first stage are truly rare; more people exhaust their capital and cannot reach the shores of success, and being able to persist on the "table" is already quite remarkable.
In summary, during uptrends, everything seems beautiful; during downtrends, everything appears bleak.
Therefore, when information floods in like a tide, one should remain humble and cautious.
The more eager you are to operate, the more losses you tend to incur. Strive to cultivate a good mindset, excellent discernment, and high focus on your tasks!
A nearly 100% profitable foolproof method to make 20 million? These are my seven iron rules earned through blood and tears.
I finally realized—the simplest methods often yield the most profit. Today, I'll show you my trading diary:
1. Night Battle Rule.
During the day, the market moves like a drunken dancer, with news flying everywhere and manipulators drawing lines. I only open the trading software after 9 PM, when the candlesticks have cleaned up, and the direction is clear.
2. Withdrawal to prevent getting carried away.
Made 1000 USDT? Withdraw 300 to your bank card first. I've seen too many people go from tripling their money to zero, just one step away from 'let's wait a bit longer.'
3. Three Indicator Set.
MACD golden cross and death cross.
RSI overbought and oversold.
Bollinger Bands opening direction.
Three indicators must resonate in two before taking action; this is a lesson learned by paying a tuition of 200,000.
4. The Art of Moving Stop-Losses.
While monitoring the market, move the stop-loss up by 3% every time it rises by 5%; always set a hard stop-loss of 3% before sleeping. Last year's crash on March 12 left my account untouched, thanks to this trick.
5. Friday withdrawal day.
Every Friday, withdraw 30% profit without fail; the rest is battlefield capital. After 8 years, just the interest from withdrawals would be enough to buy a house.
6. Candlestick Space-Time Rule.
For short-term trading, look at the 1-hour chart: only consider it after two consecutive bullish candles.
For horizontal markets, look at the 4-hour chart: ambush near support levels.
Remember: the market is three-dimensional, don’t view candlesticks with a two-dimensional perspective.
7. Four Bloody Curses.
❗ Leverage over 10x = suicide.
❗ Touching altcoins = giving money to manipulators.
❗ More than 3 trades a day = signs of losing control.
❗ Borrowing money to trade = irreversible doom.
Seven ways to die in trading cryptocurrencies! Be alert in a bull market!
The virtual currency bubble has confused countless people, leading them to invest without hesitation. Some even choose to quit their jobs, pouring all their wealth into the wave of trading, then document their trading diaries online.
It is certain that those who start trading often make profits easily, and this quick profit feeling makes them unable to stop, further stimulating their greed, hoping to earn more wealth. However, even if the virtual currency bubble does not burst, speculators still face enormous risks of loss. Next, let’s look at the seven most common ways traders die!
First way: die from buying against the trend.
The sharp decline in virtual currency prices often serves as a litmus test for traders' greed. Some traders cheerfully see the market decline and impatiently choose to buy against the trend, not realizing that the so-called bottom is not the end but a bottomless pit.
This pit may hide more uncertainties and risks, like an abyss; once fallen into it, those buying at the bottom may find themselves in endless dilemmas, buying time and again, falling into being trapped.
It can be said that buying against the trend is one of the main reasons many traders incur losses. In a clearly declining market, some traders mistakenly believe that the prices of virtual currencies have fallen to a level that attracts new speculators, thus should rebound.
However, the reality is that the more you try to buy at the bottom, the more losses you incur until overwhelmed, not only losing previous profits but possibly exhausting the principal.
Taking the fluctuations of Bitcoin in 2013 as an example, it skyrocketed from tens of dollars to about $1,000, then plummeted to over $100. This roller coaster market led countless traders to bankruptcy.
The strategy of buying at the bottom can only succeed in a consolidating or upward retracing market; at other times, such behavior is usually a shortcut to disaster. This is precisely the importance of trend-following operations that we often mention; correct trend-following can succeed multiple times in a consolidation, while counter-trend operations may face irreparable losses even if done right countless times, once done wrong.
Second way: die from increasing leverage.
In the cryptocurrency bubble, some traders tasted sweetness, eager to increase investment for more profits. However, lacking surplus funds, they began to consider borrowing or financing for trading, thereby increasing leverage.
Currently, the common leverage ratio is 5 to 10 times, meaning traders can borrow more funds for investment with limited capital. For example, with 5x leverage, if the principal is 300,000 yuan, traders can borrow 1.2 million yuan and then purchase virtual currencies with full positions. Regardless of whether the price of virtual currency rises or falls, it amplifies profits or losses by 5 times. Specifically, if the price rises by 10%, the trader’s profit will be 50%; conversely, losses will also be amplified by 5 times. This means that as long as the trader’s loss reaches 20% of the principal, liquidation will occur, and both the principal and borrowed funds will be wiped out. Typically, traders do not start with high leverage but begin with smaller leverage ratios. However, repeatedly making money will gradually relax their risk awareness, leading to blind faith that virtual currencies will only rise and not fall, ultimately resulting in total losses. Taking the example from 2017 to 2018, Bitcoin continually broke through important price points, reaching a peak of $18,000, with many increasing their leverage ratios during this process, hoping the price would further rise to $30,000.
However, Bitcoin ultimately fell from $18,000 to around $10,000, with leveraged traders liquidating and suffering painful losses. In short, this behavior is seeing some traders become wealthy overnight and then chasing short-term profits, only to gamble in the wrong direction.
Third way: die from candlestick charts.
Virtual currency trading uses candlestick charts; although this knowledge comes from stock and futures markets, the candlestick charts for virtual currencies cannot be completely applied using stock and futures experiences. Due to various uncertainties, relying solely on charts for trading can lead to severe losses.
For example, in 2013 and 2017, the Chinese government cracked down on virtual currencies, leading to a sharp drop in prices; in 2017, the South Korean government also took action to suppress virtual currencies, similarly triggering a significant price drop.
In short, virtual currencies cannot gain formal recognition from central banks around the world, and lacking legal status makes them vulnerable to various policy shocks. Such shocks cannot be predicted in advance through candlestick charts, making it difficult to avoid falling into risk. Additionally, there are illegal practices such as market manipulation and price rigging in virtual currency trading.
In regulated stock and futures markets, such behavior is expressly prohibited and monitored. However, virtual currency trading exists in a relatively wild era, with various anomalies rampant, and the role of candlestick charts in this environment is relatively small, even potentially becoming a tool for manipulators to bait traders.
Fourth way: die from chasing highs and cutting losses.
Due to the instability of candlestick 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 short-term profits, but in the long run, the probability of loss is higher.
In the stock market, the probability of long-term profitability is about 10%, including some value investors. In the futures market, this probability drops to 1%. In comparison, trading virtual currencies is even more difficult. Although many traders currently claim to have made certain profits, whether the proportion that can sustain profitability exceeds 1‰ is a high-probability question; most traders may eventually incur losses in the market.
Additionally, while some people realize the instability of chasing highs and selling lows and wish to hold virtual currencies long-term, human nature inherently carries greed and fear. Fear of falling prices and greed for rising prices lead to a mismatch between actual operations and rational expectations.
Only a very few can overcome this nature, conquering greed and fear. However, most people find themselves trapped in a cycle of repeating mistakes, much like a goldfish's 7-second memory, making it difficult to truly change.
Fifth way: die from not setting stop-losses.
For some traders, they firmly believe that no matter how sharply the price of virtual currency falls, it will ultimately rebound. They adhere to the belief of holding without selling, even claiming they won't sell even if they die, remaining calm in the face of any crash, believing miracles always exist.
However, for certain virtual currencies, not selling even when it crashes could really lead to heavy losses. Take Zhonghua Coin as an example, which once fell from a peak of 35 yuan to 0.5 yuan, then collapsed and was investigated for suspected pyramid schemes, with 260 million yuan disappearing. This can be said to be the most tragic way to die for traders.
The types of traders most likely to fall into traps can be divided into two categories: one is newcomers to trading, who are fearless due to ignorance and know nothing of the cruel nature of this way of dying, leading to their funds being inexplicably exhausted; the other is veterans who have been in the trading space for a while, having experienced multiple transactions and generally made some profits.
I have become accustomed to the wild fluctuations of virtual currencies, even viewing crashes as opportunities, becoming bolder, yet failing to realize that there are many types of cryptocurrencies, and a careless mistake could lead to liquidation or collapse. Many tokens have experienced liquidation due to policy crackdowns, with previous gains plummeting.
Sixth way: die from high-frequency trading.
Many traders are keen on high-frequency trading—frequently buying and selling, seeking 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 a successful trade once a day, the daily return rate will be 1%.
Within a year, this could yield a profit of 365%, or even more. If compounded interest is considered, this number is even more jaw-dropping. However, in reality, successfully trading once a day is a seemingly simple goal, but the actual operation is an extremely difficult task.
This is due to the extreme volatility of virtual currency prices, making accurate predictions in short-term trading very difficult; high-frequency trading leads to decreased success rates. The decrease in success rates leads to more losses, and increased losses affect traders' mindsets, worsening their mindset further leading to even greater losses, creating a vicious cycle.
For example, imagine the consequences of frequently changing lanes on a highway; almost everyone knows this behavior will eventually lead to an accident. The principle of high-frequency trading in virtual currencies is similar. In addition, high-frequency trading can lead to more transaction fees, and the actual profits may not cover these fees, which is a common problem.
Seventh way: die from blindly following trends.
Many traders lack a deep understanding of virtual currencies; they rush in after hearing they can make money. After entering, they often blindly worship the remarks of certain influential figures, believing Bitcoin will ultimately become legal tender, that the number of virtual currencies is limited and will not depreciate, and that the 21st century belongs to virtual currencies. Such viewpoints are widespread on social media platforms like Sina Weibo, Xueqiu, and Zhihu, forming a group of so-called "spiritual leaders" who idolize trading.
Many believed it to be true; some resigned to trade cryptocurrencies, while others even sold their homes to borrow money for trading. However, the final result was that they didn’t make money, and their jobs and careers were wasted.
Taking the well-known figure in the cryptocurrency space, Li Xiaolai, for example, he once promoted the token EOS, helping it raise $185 million in just five days. However, later EOS released a statement clarifying its relationship with Li Xiaolai, denying his status as a co-founder or director, shocking many. Many virtual currencies will hire influential figures to endorse them, misleading traders into thinking that the technology of that virtual currency is solid, has broad prospects, and will surge. Blind faith in the fictitious recommendations of influential figures and in the supposed bright future of emerging virtual currencies is often just the prelude to death.
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