Let me tell you something real; don’t deal with the intangible. I was born in 1993, now 32 years old, and have been in the crypto world for 8 years. I lost my 200,000 capital down to 30,000, and then I managed to turn it into over 50 million net assets now. This isn’t just luck; it’s a survival rule built on real money.
The following 11 rules are life-saving tricks I earned with blood and tears; each one can save you ten years of mistakes:
1. Don’t act recklessly during sideways markets; staying calm is profit
Sideways markets eventually change, but don’t guess the direction. In 2018, I bet all in on Bitcoin's sideways range, and a big bearish candle cut my investment in half, losing 70,000. Remember: when a sideways market lasts over 5 days, holding back is more valuable than blindly acting.
2. Hot coins should only be played for three days at most
Hot coins are like a hot oil pot; they heat up quickly but cool down even faster. Back then, I lost 80% overnight because I was attracted to popular coins. Now I’ve set strict rules: when the group starts shouting 'buy in', I reduce my position; if someone starts cursing, I clear my position immediately.
3. When the trend strengthens, hold on tightly
Ethereum gapped up $100 back then; many said it was a trap, but I stubbornly held on, and it later rose to $2800, making an $800,000 profit. Strong trend + increased volume = main upward wave; don’t easily exit.
4. If there’s a huge bullish candle, run half away first
A giant bullish candle means a signal for major players to push and sell, especially at high positions. When Bitcoin surged to 48,000, I saw unusual volume and immediately reduced my position; the next day’s pullback validated my judgment. On a giant bullish day, sell half first to secure profits.
5. The moving average is your safety belt
Buy when the price bounces back above the 20-day moving average; sell when it rebounds below. Don’t go against the trend; the moving average is the most reliable signal.
6. Memorize the three no principles
Don’t sell during spikes, don’t buy during drops, and don’t trade during sideways markets. Buying low and selling high isn’t just a slogan; it’s a hard rule. Frequent trading isn’t effort; it’s just giving fees to exchanges.
7. Always diversify your portfolio, never go all in
There are plenty of opportunities in the crypto market, but the worst is to go all in and lose everything. Even if you are 100% confident, only invest 10%, and add more once you profit.
8. Look at the market's reaction to good and bad news
News isn’t important; the market's reaction is what matters. Good news doesn’t lead to a rise = hurry to escape; bad news doesn’t lead to a fall = signal to buy the dip. Always keep an eye on fund movements, and don’t be fooled by sensational headlines.
9. Indicators are about precision, not quantity
Use MACD to look at trends, Bollinger Bands to gauge emotions, and volume to discern truth. Technical indicators aren’t fortune-telling; they are tools to verify current trends.
10. Write a plan for every trade
What to buy, how much to buy, stop-loss points, and take-profit lines—write it down clearly! A trading plan is the reins that control impulse. Think clearly before entering the market, earn steadily, and understand losses.
11. Stop-loss and take-profit must be set
No stop-loss will inevitably lead to liquidation; without take-profit, all profits will vanish. Cut losses if it drops over 3%, and sell half when it rises to expectations—be confident when earning, and calm when losing.
During my toughest times, I only had 30,000 left, but I didn’t give up. It wasn’t because I was smart; I understood long ago: in the crypto world, it’s not about speed, it’s about discipline.
Now I don’t stay up late, don’t overtrade, spend every day having breakfast with my child, walking in the afternoon, and reviewing trades easily in the evening, earning 100,000 a month for household expenses while my account continues to grow.
If you want to survive and earn steadily in the crypto world, remember this:
Making money relies not on luck, but on 'regulating greed with rules and controlling risk with rhythm.'
Follow these 11 rules, and don’t say 50 million; making ten times is just a matter of time.#以太坊十周年