The cryptocurrency world doesn't fear 'foolishness', but rather a lack of self-discipline! I survived steadily with 4 'foolish methods'.
I have always felt that I am the 'foolish' one in the cryptocurrency world, yet I am also one of the few who survived by relying on 'foolish methods'.
My account grows little by little, until I look back and realize: the ones truly making money are precisely those who adhere to the most unremarkable rigid disciplines.
The 4 'foolproof rules' that helped me survive in the cryptocurrency world:
1. Only follow trends, never try to catch bottoms; while others make 10 trades a day, I only wait for 1 trade a week.
If the market is stagnant, I would rather take a break. The market may be crazy, but I won’t be; maintaining rhythm is the biggest winning rate. Making money relies on logic, not feelings.
2. Always set take profit and stop loss, don’t be a dreamer.
Take profit when it reaches the target, don’t be greedy; cut losses when it hits the stop loss, don’t hold onto losing positions. Don’t fantasize about 'micro reversals', nor hold onto 'faith positions'. This isn’t cowardice, it’s discipline! Small stop losses that you can afford bring you the freedom to seize big market movements.
3. Position size = lifeline; small accounts practice skills, large accounts focus on strategy.
For accounts under five digits: only trade spot, and use 3-5 times leverage at most for contracts.
Liquidation is never a market problem, but rather a matter of emotional control!
Only follow reliable people, don’t follow those who promise unrealistic gains.
Truly capable individuals: can review trades, have logic, discipline, and a systematic approach.
Friends who shout trades and guess market movements daily? Just block them! If you can’t understand their trading system, don’t follow them.
Foolish methods = the most reliable 'survival rules' in the cryptocurrency world. Stop researching so-called miraculous operations, black technologies, or insider trades.
Those who can truly navigate through bull and bear markets have always relied on these 'commonsense' principles + 'self-discipline'.
