Contract liquidation, altcoin crashes, chasing highs and lows... I've also fallen into these traps before, feeling pain and regret.
The worst time, I was left with only 10,000 in my account, almost decided to give up.
But today, that 10,000 has rolled back to seven figures. This is not luck, but the 'survivor's algorithm' that I earned with blood and tears.
If you want to survive in the crypto world, first look at these three iron laws. They are the real weapons I used to climb out of the deep pit.
1. Kill the 'get-rich-quick mentality' to survive.
90% of people in the crypto world die from the same problem: always thinking about making a fortune in one go, relying on one explosion to achieve financial freedom.
Do you think it's easy to multiply your money by 100 times in one go? You're wrong.
Real turnaround is: doubling 10 times in a row, each time steadily.
90% of losses come from the third pullback, and most people blow up their accounts at this moment.
So, my approach is—give up the fantasy of 'eating the whole fish' and just nibble on the fattest 3%.
2. Only play these two assets, everything else is a trap.
Altcoins, NFTs, DeFi... These seemingly lucrative fields are essentially 'traps' set by market makers for you.
They are playing games you don’t know about every day, and you can only be the slaughtered target.
I only focus on BTC and ETH perpetual contracts; they have enough liquidity to avoid the risks of small coins that can spike and kill you.
3. The most ruthless move: dynamic stop-loss + Kelly formula.
The core of turning around is not in offense, but in how to remain undefeated.
I strictly control each of my trades, making at most two trades a day. 90% of losses come from overtrading. As soon as profits reach 3%-5%, I immediately take profits.
I do not gamble on 'big markets'; I can stabilize and roll over in volatile markets.
When my account principal reaches 30,000, I adjust my position using the Kelly formula to ensure maximized profits.
The crypto world is never short of miracles, but miracles are always prepared for those who can 'survive'.
If you are still struggling in the cycle of liquidation, stop looking for opportunities; first learn to control yourself and build an 'anti-human' system. That is your first step to turning around.