40 years old, 8 years in the crypto world, from three liquidations to a net worth of over 20 million: These 10 experiences saved my life! The 8th one is overlooked by 99% of people
Born in 1985, I am 40 years old this year, with a net worth of over 20 million.
But many people don’t know that when I first entered the crypto world 8 years ago, the most expensive tuition I paid was not losing money, but almost losing confidence in the market. Three liquidations, each time I rushed in passionately, only to be ruthlessly crushed by the market. During those years, I experienced the craziness of a bull market and endured the despair of a bear market, until I figured out a trading strategy that could survive both bull and bear markets, which allowed me to achieve stable profits.
Today, these 10 experiences may save your life—especially the 8th one, where nearly 90% of people fail.
1; Small funds must learn to “wait,” not “fill”
With a principal of 200,000, capturing 2-3 times of mainstream coins with over 30% gains is enough. What’s most feared in a bull market is not missing out, but being fully invested and trapped. Only those who dare to stay in cash are true hunters.
2; First practice “not losing,” then learn “earning”
Don’t keep saying “this time is different.” Start with a simulation account to practice, learn to protect your principal before considering profits. Losing once in a real account might mean there won’t be a next time.
3; Be wary of the trap of “good news = bad news”
When significant good news leads to a big surge on the same day, the next day’s high opening is often a selling point; the market makers understand how to harvest profits with good news better than you do.
4; One thing to do before holidays
Statistics from the past 5 years show that the probability of a decline in the week before a holiday is over 70%; either reduce your position or stay in cash during the holiday.
5; The core of medium to long-term: always keep some ammo
Buy and sell in batches; cash flow is your moat.
6; For short-term, look at “momentum”
Follow up immediately after a breakout with volume; it’s better to miss out than to make a wrong move during a sideways market with low volume.
7; A sharp decline can sometimes be an opportunity
A slow decline continues to drop, while a sudden volume spike may indicate a rebound.
8; 90% of people fail at “just wait a bit longer to break even”
If you lose 50% of your principal, you need to earn 100% to break even; are you sure you can do that? Cut losses quickly, let profits run slowly.
9; Short-term tool: 15-minute KDJ
Buy at a golden cross, sell at a death cross, and filter out false signals with trading volume.
10; Less is more
3-5 methods of making money are enough; having too many indicators doesn’t necessarily mean making more money.
Remember, the most ruthless thing in the crypto world is not the market, but the opportunities you miss time and again.
