Brothers, let's talk some practical advice. In 10 years of crypto, I lost 200,000, went down to 30,000, and then turned it into over 5 million in net assets. It's not luck; it's a solid trading logic that withstands bull and bear markets.
The following 11 points are the practical insights I gained through painful losses; each one can save your life.
1. Staying flat is winning.
Stagnation must change. When the market is moving sideways, don’t guess the rise or fall; observe its changes. In 2018, I was caught in BTC's sideways movement, and a sudden large drop cost me 70,000. Remember: if it’s sideways for more than 5 days, waiting is more valuable than attacking.
2. Exit popular coins within three days.
Hot coins are like a pot of hot oil; they heat up quickly and cool off just as fast. I once lost 80% overnight due to my obsession with popular coins. From then on, I set rules: don't cling to hot items; when the group starts shouting 'buy in,' I reduce my position; if someone starts complaining, I exit entirely.
3. Be bold when the trend strengthens.
ETH once opened 100 dollars higher, many called it a trap, but I held on and it later rose to 2800, netting me 800,000. Strong trends + volume = main rising wave; don’t exit easily.
4. Take profits on large bullish candles.
A large bullish candle signals the main force is pulling up to sell, especially at high levels. When BTC surged to 48,000, I noticed unusual volume and immediately reduced my position; the next day validated my judgment. On the day of a large bullish candle, first sell half to secure profits.
5. Moving averages are your traffic lights.
Buy when the price bounces above the 20-day moving average, and sell when it rebounds below it. Don’t go against the trend; the moving average is your 'seatbelt.'
6. Three don'ts of trading.
Don't sell on highs, don't buy on dips, and don't act in a sideways market. Buying low and selling high isn't just a slogan, it's a principle to uphold. Frequent trading doesn't mean effort; it feeds transaction fees.
7. Always diversify your holdings; don't be greedy or fully invested.
The crypto market is full of opportunities, but what you fear most is going all in and losing everything. Even if you're 100% confident, only invest 10%, and reinvest the profits later.
8. Watch the market reaction to good and bad news.
News is not important; the market's 'expression' is what matters. No rise on good news = escape signal, no fall on bad news = bottom buying opportunity. Always focus on capital movement, and don't be fooled by headlines.
9. Indicators should be precise, not numerous.
Use MACD to observe trends, Bollinger Bands to gauge sentiment, and trading volume to distinguish truth from falsehood. Technical indicators don't predict the future; they validate the present.
10. Every trade needs a plan.
What to buy, how much to buy, stop-loss point, take-profit line—write it down! A trading plan is a reins on impulse. Think clearly before entering, so you can earn with peace of mind and accept losses gracefully.
11. Always set stop-loss and take-profit levels.
Without stop-loss, you'll eventually face liquidation; without take-profit, profits will slip away. Cut losses if it drops more than 3%, and sell half when it reaches your target—this gives you confidence when earning and calmness when losing.
At my lowest, I only had 30,000 left, but I didn't give up. Not because I have exceptional talent, but because I understood early on: the crypto market is not about speed, but discipline.
Now I don't overthink, stay up late, or trade excessively. I have breakfast with my kids, take walks in the afternoon, and review lightly at night, making 100,000 a month for household expenses, while my account continues to grow.
If you want to survive long in the crypto world and earn steadily, remember this one phrase:
Making money relies not on luck, but on 'rules to manage greed, and rhythm to control risk.'
Follow these 11 rules, and don't say 5 million; even a tenfold increase isn't a dream.
Keep an eye on QKC, ASR, SOPH, S, ENA.