Over 10 years of struggling in the digital currency field, I have successfully accumulated a small achievement of 110 million. If one wants to rewrite their life trajectory, venturing into the cryptocurrency world is undoubtedly a risk worth taking.

Over 10 years of struggling in the digital currency field, I have successfully accumulated a small achievement of 110 million. If one wants to rewrite their life trajectory, venturing into the cryptocurrency world is undoubtedly a risk worth taking. If one cannot dig up their first pot of gold in this field, it may really be difficult for ordinary people to find another chance to turn their fortunes around. Not long ago, I had the privilege to enjoy tea with a heavyweight figure in the cryptocurrency world and discuss the tumultuous changes in the digital currency market.

He shared a personal experience that deeply touched my soul.

He once faced a moment of impulse, experiencing a liquidation within just three days due to contract trading, instantly losing an astonishing 50 million RMB. This painful lesson became an indelible mark in his life.

Looking back at my journey in the cryptocurrency world, it has been magnificent and full of variables. From initially entering the market with 50,000 in capital, to coinciding with a bull market frenzy, assets skyrocketing to tens of millions; then experiencing the ups and downs of the market, enduring several twists and turns, and ultimately settling at a small target of 110 million. Now, I am poised and waiting for the dawn of the next bull market, with a new target of 300 million already set in my heart.

My philosophy on trading cryptocurrency is not complicated, yet it is effective. In just one year, I doubled my assets to eight figures. My secret weapon lies in focusing on one market structure, patiently waiting for the best moment to strike decisively; if the ideal structure does not appear, I absolutely do not act rashly.

Over five years, I maintained a high win rate of over 90% due to my extraordinary patience and precise judgment. This persistence and wisdom are the solid foundation for my success in the cryptocurrency world.

The methods for taking profits and stopping losses in this stage:

Ultra-short trades:

Take profit: Since ultra-short trades seek quick profits, when Bitcoin (BTC) or Ethereum (ETH) experiences a price increase of 10% on the 15-minute level, take profit. For example, if you invest 110U (10% of capital), after making a profit of 11U, close the position to lock in profits. Additionally, it can be combined with technical indicators; for instance, if a clear reversal signal appears on the 15-minute candlestick chart, such as a top divergence, take profit in advance.

Stop loss: To prevent losses from significant price reversals, set the stop loss ratio at 5%. When the price drops by 5%, quickly stop loss. If you invest 110U and the price falls to 104.5U, decisively sell to protect the remaining funds.

Strategic trades:

Take profit: Because I use the profits to dollar-cost average Bitcoin (BTC), I can set a long-term profit target. When the overall profit of the dollar-cost averaged Bitcoin (BTC) reaches 50%, take partial profit; for example, sell 50% of the dollar-cost average position to lock in profits. At the same time, based on market conditions and technical indicators of the 4-hour level, such as the MACD indicator showing a death cross, appropriately adjust the take profit point.

Stop loss: Given the use of 10 times leverage, to control risk, set the stop loss at 20% of the invested amount. When losses reach 3U (20% of 15U), immediately close the position to stop loss to avoid further losses. Additionally, it can be combined with key support levels on the 4-hour candlestick chart; for example, when the price breaks below significant moving averages, take profit in advance.

Trend trades:

Take profit: Due to setting a high risk-reward ratio (e.g., 1:3), when the profit reaches the target set by the risk-reward ratio, such as a price increase of 30% (corresponding stop loss of 10%), take profit actions are taken. Additionally, in daily or weekly level trends, it is possible to combine price movements and technical indicators; for instance, when clear top signals appear, such as head and shoulders formations, take profit in advance. Moreover, partial take profits can also be executed; when profits reach a certain level, first sell part of the position to lock in profits, while keeping the remaining position to pursue higher returns.

Stop loss: Strictly execute according to the set stop loss point. When the price drops by 10% (corresponding to a risk-reward ratio of 1:3), decisively stop loss. In the daily or weekly level, if the price effectively breaks below key support levels, such as an upward trend line, even if it hasn't reached the stop loss ratio, one should decisively stop loss to avoid larger losses.

First, position management is of utmost importance!

If you still haven't realized how important position management is, to put it bluntly, you're still wandering in the novice village of the cryptocurrency world, being a complete rookie! I previously wrote about how I manage my positions; interested friends can take a look back. Here, I'll say it simply again: remember! Before opening a contract, you must first think about where to set the stop loss, right? (If you haven't even thought about the stop loss before opening a position, isn't that just giving away money?) The size of the position depends on where you set the stop loss.

Ask yourself, if this trade triggers the stop loss, can you accept the loss? If not, it means your position is too heavy; reduce it quickly. If you can accept it, then the position is appropriate. Don't calculate the position percentage; that’s too complicated! Good opportunities are fleeting; who has time to calculate slowly? This method is simple and direct; you can figure it out in a second!

Second, cultivating these trading habits can save your life!

Always set a stop loss when opening a position; this is an iron rule! Trading contracts without a stop loss is like directly handing your money to the market makers, so why bother? Never hold onto a position with the hope of luck! You might hold on for nine times, feeling pleased, but if you can’t hold on just once, you’ll be left with nothing! In reality, there are indeed many such people!

Maintain a good mindset; never get too emotional! If you lose money, don't rush to recover it with chaotic operations. I've seen too many people get flustered when they lose money, making frantic trades, resulting in their assets dropping to zero overnight. This goes back to what was said earlier: before opening a position, think about where to set the stop loss and know how much you can afford to lose. If the stop loss is triggered, relax, adjust your mindset, and look for opportunities again; don’t let emotions control you!

Don't be too subjective; the market does not move according to your thoughts! Understanding technical analysis is good, but if you don't, don't jump to conclusions! Some people always think, 'This is definitely going to drop, the market maker is pulling the strings to lure in buyers' or 'With so much good news, it's bound to rise, just hold on!' Isn't that just single-mindedness? The market changes rapidly; how can you rely solely on 'I feel' or 'I think'? If you're wrong, quickly admit it, adjust your thinking in time, and don’t stubbornly hold on!

Third, the risk-reward ratio determines whether you can make big money!

Many people have no concept when doing contracts and do not understand how important the risk-reward ratio is! The first two points can help you survive in the cryptocurrency world, while the risk-reward ratio directly determines whether you can make big money! Too many people trade purely based on feelings, without a system, swinging from one thing to another; how can that work?

If you can execute strictly, this could be your fastest turnaround opportunity.

Step one: Choose the right battlefield (90% of people fail here).

Wrong approach: Messing around with BTC and ETH, the volatility is too small; even with high leverage, it's difficult to double in the short term.

Newly launched contracts for small coins (market value <100 million, but trading volume >10 million).

There are signs of market makers controlling the market (sudden volume breakthroughs, high interest).

The exchange has just been online for 1-3 days (liquidity is sufficient, but it has not yet been manipulated by large funds).

Key point: You must identify it in the first 30 minutes; otherwise, it will just be a loss for retail investors.

Step two: Violent compounding (this is the real money printing machine).

Wrong approach: Open 10 times leverage, run away after making a little profit, stubbornly hold on when losing.

Correct strategy:

1. First trade with 50 times leverage, putting all 3000 on the line (goal: earn 30% within 5 minutes, turning it into 3900).

2. Immediately withdraw profits after earning, continue rolling with the capital (to avoid going to zero in one go).

3. Repeat 3-5 times, with each target being 20%-50% (compounding effect,

3000→6000→12000→24000→48000→96000).

Key point: 90% of people fail at the second step because they do not take profits or add positions emotionally.

Step three: Ultimate risk control (the secret no one tells you).

Wrong approach: Wanting to earn more after making a profit, wanting to recover losses after losing, ultimately leading to liquidation.

Correct mindset:

Only make 1-2 trades a day; if you miss it, wait for tomorrow.

Any loss exceeding 20% should stop trading that day.

After making 50,000, withdraw 50% and continue trading with the profits.

Key point: The true winners survive not by luck, but by following the rules.

Taking myself as an example, when I decide to trade, I look for two conditions:

First, through technical analysis, I feel that the direction of market movement is relatively clear, so I decisively enter the market;

Second, while technical analysis may not be fully certain, if the current price point is particularly good, predicting limited downside and significant upside potential with a high risk-reward ratio, then it can still be traded.

I will take action if one condition is met; if both conditions are met, it is an even better opportunity! When I trade, I require a minimum risk-reward ratio of 1:3. There was a trade where the technical analysis only had a 70% certainty, but the risk-reward ratio reached 1:7, so I entered immediately! In the end, when I closed the position, I indeed made 7 times the profit! Using the same position size for other contracts, even if I get it wrong 7 times, my capital will not be lost!

With a higher tolerance for errors, the mindset improves, and the accuracy of trades increases. If later on I make a profitable trade, I can earn even more from two trades! What I fear most is when some people earn a little and run away, but when they lose, they stubbornly hold on. Even if the direction is right, they can't make money, and isn't that just losing money?

Still the same saying, if you don’t know what to do in a bull market, click on Aze’s avatar, follow for the latest news on cryptocurrency, contract codes, and free sharing.