Ten Years in the Cryptocurrency Sea: My Ten Rules for Survival
From stumbling into the exchange at 22 to now at 32, my assets have multiplied into eight figures.
I have done one thing: treating trading as a practice. The following ten rules are my 'life-saving talismans' earned with real money, and I’m sharing them all with you today.
1. Never chase the high.
No matter how good the coin is, if you miss the buying point, let it fly. The market is not lacking opportunities; it's the martyrs who die on the mountaintop that are missing.
2. The buying point is the fundamental.
Any coin that is within my buying point range is a 'potential dark horse'; if it strays from the buying point, no matter how beautiful the story is, it's just air. Be patient and wait for the large-scale position to be built; good coins will speak for themselves.
3. Fidgeting is a disease; it needs to be treated.
90% of losses come from 'I know this is not the buying point, but I just can't help it.' True skill begins with controlling your fingers.
4. No love for coins, but affection for buying points.
Do not fall in love with any variety; be loyal only to the signals. When the capital level rises, operate based on the 30-minute chart; there's never a 'too late' moment.
5. Reflect on losses first.
The market is never wrong; the only mistakes come from yourself. For every loss, write a 20-word summary within three minutes, stick it on the edge of the screen, and read it before opening a position next time.
6. If you’re not in a hurry to get rich, you can get rich.
Greed and fear are the two chains of traders. When in cash, you fear missing out; when fully invested, you fear drawdowns—the market specializes in remedying all disobedience.
7. Slow is fast.
Tripling in a year is easy; doubling in three years is hard. Write the worst-case scenario into your plan, buy with certainty, hold firmly, and sell decisively; only then will profits grow.
8. Focus on nurturing coins; frequent changes only fatten the exchange.
Good coins are nurtured, not chased. If you chase new coins every day, your wallet will never grow.
9. Catch the rhythm; even the blade can dance.
Candlestick patterns have their own breathing; buy low, accumulate, surge, distribute—one misstep can result in losses. Close your eyes, listen to the market's beat, and don’t listen to the group’s calls.
10. Compound interest is the highest moat.
Skill determines the lower limit, mindset determines the upper limit; with both in hand, compound interest will work for you. Remember: roll the snowball slowly to achieve avalanche-like returns.
Follow @小花生说币 on this trading path; there is no endpoint. Write the rules into your muscle memory and train your mindset to become a reflex; leave the rest to time.