#比特币 Day and Night Review Summary, finally turned around with a set of practical logic. These 6 core principles can help avoid 80% of pitfalls: $BTC
1. Don't be a 'coin collector.' I used to hold a dozen niche coins, most of which went to zero. Later I understood that 3 core principles are enough: Hold BTC for long-term safety, trade ETH for moderate fluctuations, and select 1 strong leading sector (like AI, RWA). This is much more reliable than buying randomly.
2. Stop when emotions run high. Once, when the entire network saw a surge in liquidations, I didn't stop and lost 200,000 in a day. Now I have a fixed rule: When the number of liquidations is high, three consecutive large green candles trend on hot searches, or outsiders start buying, I stop and calm down for two hours, reducing losses significantly.
3. Position size is a lifeline. In my early days, I went all in and had no funds to average down during a crash. Now I have a fixed position size: 50% USDT for emergencies, 30% in quality coins for long-term holding, and 20% for short-term trades. Keeping capital allows for recovery opportunities.
4. Don't hold unrealistic expectations for take profits and stop losses. In the past, I would average down after a 10% drop and end up in despair. Now I have strict rules: Take half profits after a 10% rise, clear out at 20% to switch to stable assets; analyze for stabilization after a 5% drop, and exit immediately at a 10% drop to reflect, without holding onto losing trades.
5. Understand the basic market in 1 week. When I first entered the market, I bought blindly and lost heavily. Later, I summarized 3 steps: Look at daily K-line + MA10/MA30 for support and resistance, increasing volume without price rise indicates a false breakout, and don’t chase last-minute rebounds in sectors. I understood the market in just one week.
6. Build positions like a battle, in batches. I used to enter with 3000 yuan all at once and panic at the slightest dip. Now I first enter with a 900 yuan base position, average down with another 900 on support, add 600 on resistance breakouts, and keep 600 yuan for unexpected moves—it's about pacing, not speed.
The cryptocurrency world has never been about luck; maintaining discipline is the key to going far.
