A student I guided turned $3,000 in capital into $283,000 over 14 months.
He always says: "Bro, I just stick to those seven iron rules in your group announcement." Today, I’ve organized these hard-earned experiences into the "Seven Commandments" to share with brothers who want to survive long-term in the crypto market:
Be mute during chaotic times
When he first started with me, he always opened positions during chaotic market conditions, losing $800 in three months. Now he has learned: when indicators clash, shut down; when news is flying everywhere, unplug the internet.
Better to miss ten opportunities than to step into a minefield—after all, one margin call could mean being out of the game.
Treat hot coins like fireworks
He used to chase hot coins and always got trapped. Now he strictly follows: set a 24-hour alarm when entering, take half profits at 15%, and clear all positions when the heat drops out of the top three.
Last month, during a frenzy over a certain meme coin, he followed the rules and made $3,500 before exiting, and three days later, it went to zero.
Consider the big trend as an old tree root
Once, he closed a weekly breakout position due to a one-hour pullback, missing out on $12,000.
Now he closely monitors the weekly trend and sets a trailing stop-loss while sipping tea. Profits are made by sitting back, not by staring.
Lock in profits with a strong upward trend
I've seen too many people hold onto profits only to turn them into losses. Now he executes: regardless of prices, lock in 30% profits with a strong upward trend, and let the remaining portion use an 8% pullback to take profits. This way, profits can run while avoiding naked exposure.
Use moving averages as a compass
In his early years, he was obsessed with various indicators, but now he only focuses on the 5-day and 20-day moving averages. Buy when a golden cross occurs, sell when a death cross happens, with a 63% win rate over three months.
Complex indicators are just decorations; simple systems are the most reliable.
Trade against human nature
Wanting to sell when prices rise and cut losses when they fall is instinct.
Now he does the opposite: add positions on pullbacks during an uptrend and scale in during a downtrend when volume diminishes. He keeps greed and fear caged, letting the rules decide.
Always scale in, never go all-in
In the beginning, he went all-in and was liquidated three times. Now he divides his funds into five parts: add one part if support breaks, and reduce one part if resistance breaks.
Position management is the true holy grail; now he never exceeds 70% of his position.
The market is always full of opportunities; what’s lacking is people who can survive until those opportunities arise.
Carve these seven rules onto your trading desk and review them before placing an order; it’s more effective than reading ten signal articles.
Remember: in the crypto world, staying alive is key to waiting for the next bull market.
