In my personal view, there is indeed technology, but most of it is the experience and insights of predecessors. Some techniques are meant to help newcomers avoid pitfalls, which is both experience and skill. Technology helps you avoid detours, rather than providing a one-step method to success. Even in warfare, it involves strategy, not just reading military texts. You must combine your own thinking with the predecessors' experiences to achieve victory! The technology itself may not have changed, but when your mindset suddenly 'clicks' and the market happens to align with your familiar rhythm, a legendary level of return may erupt. Conversely—even if your strategy is excellent and your indicators are dazzling, if the market doesn't suit you at that moment and your mindset is restless and confused, then your technology is worthless scrap. This is the truth of trading.
In the cryptocurrency world, everyone has heard stories of 'turning 10,000 into 1 million', but the reality is that most people not only fail to make money but are instead completely wiped out by the market.
We have no insider information, no capital advantages, and no trading experience that can withstand several rounds of bull and bear markets. What we can rely on is only recognizing the market, understanding ourselves, establishing rules, and controlling emotions.
The cryptocurrency world is not a shortcut to wealth; it is a battleground where only a few survive.
1. First, recognize the market: this is a world where uncertainty reigns.
The essence of the market is not a technical game, but a highly complex probability game.
You must accept—no matter how brilliant the strategy, it cannot consistently profit in all environments. Any trading system claiming '100% win rate' is a scam.
What we can do is not to defeat the market, but to adapt to the market, using discipline to combat uncertainty.
Profit and loss are from the same source: the way you make money determines the depth of your losses. Heavy leverage all-in: you could double your money, or you could go to zero. High leverage to catch a rebound: you might get a bite, but if you make one wrong move, you go bankrupt. Averaging down against the trend: sometimes it can help you recover, but in a one-sided trend, it's just slow suicide. The traders who truly survive are those who repeatedly bet in the 'probability advantage' using a systematic approach—when they are right, they make a lot; when they are wrong, they lose little.
2. Next, recognize yourself: you are not a genius, nor are you an exception.
Most people in the market do not die from ignorance but from arrogance: being obsessed with predictions: trying to catch every top and bottom; technical obsession: piling on indicators while ignoring position and risk control; blind faith in luck: claiming personal credit for profits while blaming the market for losses; overconfidence: thinking they are invincible after a few profitable trades.
Remember: discipline > technique, execution > inspiration, stability > excitement.
Real profitable trading is often boring.
3. The underlying logic that ordinary people can also make money.
You don’t need to be a genius; you just need to establish a trading system that is replicable and sustainable.
1) Capital management: only use a small portion of total capital for each position, test with light positions. Confirm trends before adding positions; don’t go all-in right away. Keep total positions below 30% to retain some maneuverability.
2) Choose a timeframe that suits you: Short-term: for those with strong market sense and quick reactions. Swing trading: for those who can endure fluctuations and ride trends. Long-term: for those who understand macro and fundamentals, as they have a higher chance of success.
3) Trading systems should be simple, executable, and replicable. Trend strategy: follow the trend and don’t add positions against it. Range strategy: buy low and sell high, and set stop losses quickly. Arbitrage strategy: cross-platform price differences, small fluctuations for arbitrage, high win rate but slow.
4) Stop-loss and take-profit must be executed mechanically. Set the stop-loss level before entering a trade, and cut the position when the point is reached. Take profits in batches; don’t be greedy or fearful; capturing mid-range movements is enough.
5) Emotion management: reduce the frequency of watching the market to avoid impulsive trading, accept losses, don’t add to losing positions, don’t let profits inflate. Write a trading journal, constantly review, and optimize the system. The key to truly surviving: mindset and compound interest.
The hardest thing to beat in the cryptocurrency world is not the market but your own greed and fear.
What you should aim for is not 'ten times in a year', but stable annualized returns + strict stop-loss + not being wiped out by the market.
Don’t underestimate the act of 'staying alive'. Compound interest is the only way for retail investors to compete with institutions: 30% annualized returns equate to 20 times in 10 years; 50% annualized returns equal 57 times in 10 years; doubling in one year and going bankrupt the next means you end up with zero.
But if you accidentally incur a loss—
Final advice: don't become a 'legend'; strive to become a 'survivor'.
In the cryptocurrency world, legendary stories belong only to a few people; the vast majority of winners are ordinary people who can survive in the long market.
Make fewer mistakes, execute more, review often, and maintain rationality and patience.
