Survival rule in the crypto world: Making money relies on understanding, not luck!

Trading cryptocurrencies is not as simple as buying low and selling high. To survive and make profits, you need:

Understand the economy, follow trends, observe policies, and analyze the situation.

Be proficient in the fundamentals and technicals of cryptocurrencies.

Overcome fear and greed, and cultivate a 'big heart' that can withstand dramatic price fluctuations.

Resilient and self-disciplined - this is the trait of a winner in the crypto world.

Three golden rules for mining

1. Strictly control positions: Single position ≤ 30%! Never fully invested! Leave room to be both offensive and defensive, so it won't be fatal during a crash.

2. Timely profit-taking: Cryptocurrency price rises 2-3 times? First, sell half to recover your investment! Use the profits to continue trading. Sell in batches when the target price is reached. Keep 10% as a safety reserve to prevent losses (for sudden market moves).

3. High position awareness: When the market is crazy and everyone is chasing highs? Sell in phases! Account numbers are virtual; cashing out for safety is real money.

️ Three secrets to avoid pitfalls

1. Platform safety is paramount: Small or shady websites? Don't put in large funds! Only trade on reputable exchanges like Huobi, Binance, etc.

2. Crowdfunding is a sharp eye: Are ICOs/IEOs everywhere full of pitfalls? Don't gamble on luck! Do not invest if you don't understand; in-depth research is the prerequisite.

3. Current strategy (when the market is sluggish):

Short-term: Mainly observe, act only when certain.

Long-term: Select globally top 20 cryptocurrencies and build positions gradually at low prices.

Remember: Never go all-in! It is recommended to start with half positions, leaving sufficient funds to flexibly add positions/stop-loss, control risks, and maximize profit opportunities.

⚠️ Fatal warning: Do not follow the crowd!

Newcomers are most easily fooled: Group chats or others spreading "panic over a crash" urging you to sell.

Truth: Shouters often have no inventory or deliberately create panic, luring you to sell at low prices. They take the opportunity to buy at low prices while you incur losses—they profit while you lose.

Remember: Others' suggestions are for reference only! Independent judgment is the foundation of survival.

Core simplification:

1. Extract core viewpoints: Clearly state at the beginning, "Making money relies on cognition, not luck," summarizing the qualities needed for success.

2. Structurally clear: Clearly divide into four parts: "Survival Qualities," "Golden Rules of Wealth," "Pitfall Avoidance Secrets," and "Fatal Warnings," with clear logic.

3. Condense lengthy descriptions: Condense "Understand economics... tempered into steel" into clear points; refine position management, profit-taking strategies, and specific descriptions of current operations into concise items.

4. Remove repetition: "Do not go all-in" appears repeatedly in different sections; merge and emphasize.

5. Strengthen key terms: Highlight core concepts such as strict position control, never all-in, phased profit-taking, maintaining a base position, cashing out for safety, reputable platforms, and independent judgment.

6. Use symbols for emphasis: #, ️, ⚠️ to increase visual guidance.

7. Maintain warning intensity: Retain the severity and operational principles of the warning about "following the crowd," but with more concise and direct language.

8. Optimize language: Use more concise and powerful short sentences instead of the original, more colloquial long sentences (e.g., condensing "You need to have a big heart..." to "Cultivate a 'big heart' that can withstand volatility.").

In the ups and downs of the cryptocurrency space, I have experienced ten springs and autumns.

From initially entering the market with a capital of 50,000 to now being able to support my family through cryptocurrency trading, I have experienced countless twists and turns along the way.

Today, I am willing to impart the hard-earned experiences of these years, hoping to give you some insights while you also struggle on this path.

First, capital management is crucial. I always insist on dividing my funds into several parts, investing only a small portion each time for trading.

The benefit of doing this is that even if a judgment is wrong, it will not cause too much of an impact on the overall capital.

At the same time, strictly set stop-loss points. Once reached, decisively exit the market without lingering.

This stable operating method can maintain calm during multiple market fluctuations, avoiding falling into deep traps.

Secondly, the importance of going with the trend. In the cryptocurrency space, the trend is everything.

During a decline, every rebound may be a trap for more buying.

During an uptrend, every pullback may be a good buying opportunity.

Learn to go with the market trend, do not easily go against the trend, and capture profit opportunities in multiple trades. Furthermore, always remain vigilant about short-term surges in cryptocurrencies.

Such cryptocurrencies often carry extremely high risks. If you miss the best buying opportunity, it's easy to fall into the trap of being stuck at a high position. Focus on those that steadily rise and have great potential; they may not make you rich overnight but are stable and reliable. During trading, use technical indicators for auxiliary judgment.

MACD, volume-price relationships, etc., are all tools I frequently use. They better grasp the rhythm of the market and find the best timing for entering and exiting. Persist in reviewing trades, summarizing and reflecting on them daily, and continuously optimizing your trading strategies. Avoid blindly following the crowd in cryptocurrency trading.

Everyone has their own trading style and rhythm; you cannot blindly imitate others. Only by finding a trading method that suits you can you establish yourself in the cryptocurrency space.

A decade of cryptocurrency trading has made me deeply aware that trading is not only a contest of technology and wisdom but also a test of mentality and perseverance.

Only by maintaining calmness and operating steadily can you go further in the cryptocurrency space.

I hope these experiences can help you, allowing you to take fewer detours on this path and gain more calmness and confidence.

I have seen the meaning of life through trading, learning to view everything around me from the perspectives of volatility and probability, and understanding what I truly want. This is my greatest gain from studying and researching trading.

Since I mistakenly thought I had enlightenment, I buckle my seatbelt while driving, I quit smoking, I temper my arrogance and impatience, and I strive to be a decent person, love learning, love working, and treat everyone and everything around me with kindness.

Break bad habits, and the rest will come naturally, effortlessly.

I bought a cheap piece of jade and engraved on it, "A modest gentleman is as gentle as jade" as encouragement.

I have realized many truths; casually stating one, all correct goals are to prove one's mistakes. I humorously validated it.

Now, trading requires me to quit trading. Really, I suddenly feel that a life of shortcuts is meaningless; this way of making money is pointless and will destroy my hope for the future.

I want to temporarily escape a lonely life and do something I love during my spare time. I started learning to write with a brush every day, studying sketching, appreciating famous paintings, playing the electronic piano, listening to music, studying psychology, reading classic texts, actively smiling and chatting with people, inviting others to dinner when I have the chance, and strolling in the park when I have time, looking at trees, mountains, and water. And these happiest things have nothing to do with money. I have never wanted to change anything; being able to see and experience more of this world already makes me very happy. Humanity has so many interesting and lovely cultures; why would you entrust your life to candlesticks and live a lifetime of loneliness?

These are all the lessons trading has taught me. What is the true essence of trading? It reflects one's inner self, understanding oneself! If you manage to have both tension and relaxation, the market will respond with humility and respect. If you are greedy, the market will surely let you exhaust your resources. If you attempt to defeat the market, it will leave you with no place to bury your dead.

"I have failed greatly in my life!"

This is the reflection of successful speculative predecessors, who are beyond your reach, at the moment of their suicide. Speculating too quickly and frantically, since the body cannot keep up, why not slow down?

If you ask me again what the true essence of trading is? I only seek one defeat.

If you ask me again what the true meaning of life is? I only seek one death.

Do you think this is pessimistic? Do you think this is arrogant?

No! This is a calm and peaceful attitude towards the game that is neither sad nor happy, neither fearful nor anxious.

Even the most diligent fisherman will choose to calmly guard his boat during the stormy season, waiting for the storm to pass; sunny days will ultimately come. Follow me, and I will not only give you fish but also teach you how to fish. The door to the cryptocurrency space is always open for you. Only by following the trend can you embrace a smooth life. Remember, this is your wealth guide!