A saying circulates in the cryptocurrency world: "Those who can buy are apprentices, those who can sell are masters," but those who can truly walk out of the exchange with a smile are often the monks who deeply understand that "discipline is king."
Today, we won't discuss the myth of becoming rich overnight; instead, we’ll talk about three rules that will help you stand firm in the market. It is recommended to memorize this in full.
First Iron Rule: Stop-loss is a knife for cutting losses, but it is also a life-saving talisman.
When you pray for a market reversal while staring at the screen, the big players are busy harvesting the "iron-headed faction" in bulk. The essence of a stop-loss is not admitting defeat, but setting a safety cushion for yourself—fixed stop-losses are like an alarm clock; you must get up when it rings; trailing stop-losses are like climbing stairs, removing a step each time you go up a level. Remember, the market is always full of opportunities, but if your capital is gone, you can only be a spectator.
Second Iron Rule: Taking profits should be like defusing a timed bomb.
I've seen too many people turn profitable positions into losses, turning the cryptocurrency world into a version of "Empresses in the Palace." Fixed take-profits are suitable for laid-back players; after setting a target price, turn off your device to ensure safety; trailing take-profits are a game for experts, where each time the price increases by 10%, you move the stop-loss up by 5%, using profits as a shield to continue charging forward. Remember, taking profits is not the end; it is the ammunition depot for the next battle.
Third Iron Rule: Dynamic adjustment is a form of performance art.
The market in 2025 changes faster than a Sichuan opera face-changing performance, so don’t use last year’s strategy to fight this year’s battles. Conservatives suggest using the "profit cushion" strategy, retreating immediately if the drawdown exceeds 50% of the floating profit; the aggressive can play the "triple kill," using 30% of previous profits to seek higher returns. The most taboo is changing strategies in the middle of the night; this behavior is akin to inventing new rules at a casino on the fly. True experts understand that discipline is not a constraint, but the confidence to sip tea amid a waterfall market. When you find that following the rules is easier than staring at the screen, you have truly entered the ways of the cryptocurrency world.
