1. Daily Trading: The 'Practice Ground' Unknown to Others
Staying up late is a fundamental skill, but also a cost.
For people in the crypto world, staying up late is never 'enduring', it's daily life. I’ve seen too many young traders, only thirty, already sporting beer bellies and receding hairlines, looking ten years older than their actual age — the market doesn’t wait for anyone; short-term contract opportunities lie hidden in the fluctuations of the early morning, staring at the screen and calculating points, before you know it, dawn breaks.
I consider myself lucky; I’ve never lost my concern for appearance, but those late-night candlestick charts and fluctuating numbers have long become a part of my life.
Behind the glamour lies 'anxiety that cannot be stopped'.
Outsiders always think that those making money in crypto should be living in luxury, but most of the time it’s 'an accommodating life': casually eating takeout, constantly interrupted by phone notifications while spending time with family, and always glued to market software when going out.
It’s not that I don’t want to relax, but the trust on my shoulders is too heavy. Those who follow your trades, friends who consult you, every 'teacher' puts pressure on you. This pressure pushes you to dare not stop: watching the market, checking news, reviewing and reflecting, mobile notifications never end — the essence of trading is being responsible for trust.
Pressure is not meant to be solved, but to be borne.
At first, I always thought about 'how to relieve stress', but later I understood: the pressure of trading is normal; what I can do is practice 'bearing the pressure'.
Someone asked, 'Why do you always watch the market?' Opportunities in short-term contracts are fleeting; missing a point could mean tens of thousands in difference; you also need to respond to user inquiries at any time — this point is crucial, every little difference can mean a world of difference; those who understand know.
2. Trading Principles: The 'Iron Rules' for Survival
Don't compete with the market; understand 'reading the room'.
Those who trade based on feelings will eventually be educated by the market. I once thought a certain coin would 'definitely rise', but the market sentiment was bearish, and I stubbornly held until the stop-loss — only later did I realize: the market has no 'should', only 'what is happening'; respecting emotions is more important than being stubborn.Stop-loss is a lifeline; double anchoring is reliable.
Stop-loss levels cannot be set impulsively: first look at key market levels (support/resistance), second consider how much you can bear (like 3% of your capital). If it hits, cut it off; don’t wait for a 'possible rebound' — most 'possibilities' in the crypto world lead to deeper losses.Admit mistakes when wrong; don’t get complacent when right.
Even if your analysis is eventually proven wrong, you must acknowledge it. In trading, there are no 'ifs', only 'results'. And when making profits, stay alert: earning a lot doesn’t mean you’re skilled; consistently earning is the true ability.More important than 'earning a lot' is 'going far'.
I’ve seen too many people get lucky and make ten times their money, only to lose it all through skill. The crypto world is like a marathon; sprinting in the middle doesn’t matter if you can’t finish the race. Surviving is more important than anything else.
3. What Trading Taught Me About Life: Seeing Myself Clearly Through Candlestick Charts
From 'watching the market' to 'understanding the fluctuations of life'.
After trading for a long time, I suddenly understood that 'volatility' is the norm. I used to drive without wearing a seatbelt and smoke without thinking, always feeling like 'risk is just a coincidence'; now I understand: life and the market are the same, black swans will always come, and all we can do is prepare in advance.
Quit smoking, calm down, buy a cheap jade engraved with 'A modest gentleman is as warm as jade' — it’s not about pretending to be elegant; it’s trading that taught me: steadiness is more powerful than restlessness.
Beyond making money, there is the 'meaning of living'.
I once thought 'making money easily' was success, until one day I suddenly realized: a life fixated on candlestick charts is like a bird in a cage, no matter how well it can fly, it can't reach the sky.
I started learning calligraphy, sketching, attending concerts, reading classical texts, and actively smiling and chatting with strangers — these activities have nothing to do with money, yet for the first time, I felt 'alive': human culture is so interesting, why bind a life to candlestick charts?
The essence of trading is to reflect on oneself.
If you are greedy with the market, the market will let you lose; if you want to beat the market, the market will force you out; if you maintain balance, the market will also give you leeway.
Just like those speculative predecessors who committed suicide after success, saying at their deathbed, 'My life has been a failure' — it wasn’t about earning less, but being enslaved by speed, forgetting to slow down and enjoy life.
So I say, 'Trading seeks a loss; life seeks a death', it’s not pessimism, it’s clarity: rises and falls, life and death are natural; facing them with a game mindset allows one to remain indifferent.
4. Unity of Knowledge and Action: The Most Painful 'Practice' in Trading
Knowing and doing are separated by 'human nature'.
Too many people analyze the market with great insight, yet their trades are messy — it’s not about ability; it’s 'a conflict between thought and action'. Bullish but too scared to buy, buying but unable to hold, wanting to earn more when it rises, reluctant to cut losses when it falls: human weaknesses are all contained in the moment of placing an order.
'Better to miss than to make a mistake' is top-tier wisdom.
Don’t trade when uncertain. Some say 'not taking a risk is missing an opportunity', but I’ve seen too many 'risks' turn into 'mistakes'. When the market moves and you don’t understand it, just observe — 'watch more, act less' has eliminated 80% of retail traders.
Frequent traders seem to be working hard, but they are actually just paying transaction fees to exchanges. The more trades, the greater the chance of error, and the shorter the time spent in the market.
Other people's trades won't save your account.
Don’t take others’ opinions as decisions. Their stop-loss, take-profit, and positions are fundamentally different from your capital and mindset — what they can bear, you might not; their take-profit point might be too early or too late for you.
Discussing market trends is less useful than exchanging mindsets; reviewing mistakes is more beneficial than predicting the future — no one can see the clear candlestick chart; what we can do is think about 'what to do if I am wrong'.
5. The Key to Successful Investment: Mastering the Simple
Success is doing the 'right thing repeatedly'.
The market is like a primeval forest; surviving is more important than anything. Technical analysis doesn’t need to be complicated; it should be simple enough that it doesn’t require much thought — I’ve tried stacking dozens of indicators and found that the more complex it is, the more mistakes I made; it’s better to stick to moving averages and trading volume for judgment.
Have faith in your own system; don’t change parameters today and strategies tomorrow. Methods verified through practice, repeating them is compound interest.
Patience is worth more than cleverness.
Be patient for signals, patient in holding positions, and patient in cutting losses. If the trend hasn’t come, wait on the sidelines; when the trend arrives, hold onto the trade; if the trend changes, exit decisively.
Money is earned by 'sitting' rather than 'trading'. Feeling bored during long-term holdings? That’s a good thing — it means the market isn’t chaotic; enduring it leads to profits.
Don’t predict; respond.
The risks and rewards in prices are all 'probabilities', not 'certainties'. Technical indicators can calculate probabilities, but they can't predict 'certainties' — that's the meaning of stop-loss.
True wealth is hidden in 'smart exits': stop losses and let profits roll. Knowing 'how to exit if wrong, how to take profits if right' is more important than predicting market trends.
6. The 'Mindset and Skills' for Survival in the Cryptocurrency World
Four mindsets determine how far you can go.
Don’t be arrogant when profitable: it’s easiest to overlook risks when you’re feeling good. I’ve heard too many stories of 'losing everything after making 10 times'.
Don’t be anxious when incurring losses: those eager to make back their losses will gamble away their remaining funds; the more anxious, the more mistakes.
Don’t be greedy for quick money: wealth is a slow variable; high returns come with high risks; stable growth is more sustainable than quick profits.
Don’t be preoccupied with gains and losses: fearing a drop when prices rise and fearing a loss when prices fall will lead to mistakes in trading.
Day trading: Opportunities hidden in the details.
Watch market sentiment: volume without price increase indicates a peak; volume without price decrease indicates a bottom; during a rise, maintain steady volume; during a fall, increased volume breaks through.
Identify entry points: draw support, resistance, trend lines; Fibonacci retracement can help find resistance levels.
Follow rules: only trade one type for a period, understand its temperament.
Divide time windows: 1 minute for entry points, 3 minutes for waves, 30 minutes for trends.
Take notes: feelings and details should be written down; words don’t lie and can save you during reviews.
Don’t go all in: black swans will definitely come; keep more than 15% of your position; buy more only after a 30% drop — surviving gives you a chance.
Market crashes are a 'truth-revealing mirror'.
When the price of coins drops, human nature is most real: some are grateful for the journey, while others complain. But for oneself, a crash is a 'touchstone' — can the held coins withstand it? Will the position get liquidated? Is the mindset stable?
Enduring one market crash instills greater respect for the market and less luck-based thinking.
7. The Final Enlightenment: From Trading to Life
The survival rules in the crypto world are never about 'quick profits', but rather 'stable systems + compound interest'. Real winners can earn in bull markets and protect in bear markets; it relies not on luck, but on 'focused discipline'.
Trading is like enlightenment, going from 'seven losses' to 'one gain' requires sticking to a system and enduring human weaknesses. When candlesticks no longer disturb your mind, and you can respond calmly to rises and falls, the market truly becomes a 'practice ground' — the end of trading is to see oneself clearly; the essence of life is to accept impermanence.
If you have tens of thousands in capital but don’t want to resign yourself to fate and want to test the waters in crypto without stepping into pitfalls; I can share this method with you.
Including: How to survive in the beginning? How to allocate positions? How to find 'breakpoints' for entry? How to use compound interest to double your path?
But I won’t write it out publicly.
Those willing to give it a try, please like and follow.
Not everyone can do it, but the moment you are willing to change is the first day you can turn things around.
The money in crypto is never 'gambled' but 'calculated'. Follow to ensure every bit of your capital is on the right path.