It's not my jealousy, it's just that this scene looks too familiar, like me seven years ago when I first rushed in, my mind full of 'bicycles turning into motorcycles,' and in the end, I almost couldn't even afford a shared bicycle.
To be honest, in this circle where prices rise like a rocket and fall like bungee jumping, no one can rely on 'taking a gamble' to keep winning. I've seen people flaunting profits at three in the morning, and others asking for 'help' at nine in the morning. In the end, those who can stick around to drink tea are not relying on luck, but have maintained a few 'survival bottom lines.' Today, I'll open my heart and share with you the four survival rules I forged over seven years with real money; those who understand will at least save themselves three years of detours.
Rule One: Don't put all your eggs in one basket, even if that basket looks like it will fly. The most common mistake beginners make is seeing a certain cryptocurrency rise for two days, their eyes redder than the candlestick, and immediately dumping all their wealth into it, while shouting 'fortune favors the bold.' But have you thought about it? This is not 'seeking fortune'; it’s 'sending yourself to the slaughter!' Last year, a fan complained to me that he went all-in on a new coin, and ended up dropping 30% on the same day, directly forced out by the system, with no chance to average down. I always tell those around me that position management is not 'cutting corners,' it’s leaving yourself a way out. You can use 30% of your funds to try, but you must keep 70% as a 'safety cushion.' Even if a certain trade loses, you still have capital to adjust, so that you won't be completely out of the game after one mistake. Remember, in this circle, 'staying alive' is a thousand times more important than 'making quick money.'
Rule Two: Don't go against the market; trends are more 'stubborn' than you think. Human nature is really interesting; when the market rises, you always think, 'just wait a little longer, it can go higher,' and when it falls, you feel, 'it's time to buy the dip,' resulting in either selling too soon or getting trapped. When I first entered the market, I also made this mistake, always thinking I could precisely hit the peaks and troughs. Until one time, I watched a cryptocurrency drop from 100 to 50, thinking, 'it must have hit the bottom,' and decisively increased my position, only to see it drop to 20. I finally understood: the market doesn’t care about your 'feelings'; once a trend is formed, the inertia is much stronger than you think. Later, I summarized a rule: when the trend is upward, a pullback is an opportunity to enter, as long as it doesn't break key levels; when the trend is downward, no matter how tempting the 'buying signal' is, don't touch it. Don't aspire to be the 'market teacher'; only those who go with the flow can go far.
Rule Three: Setting profit and stop-loss limits is not a 'constraint'; it is your 'bulletproof vest.' Many people always think, 'I judge so accurately, there's no need to set stop-loss limits,' but the reality is, no matter how accurate your judgment is, it can’t withstand a black swan event. I have a friend who caught a trend last year, and profits were almost doubled. He thought it could still rise and stubbornly refused to set a profit limit. A few days later, a negative news broke, and his profits were directly wiped out, resulting in a final loss of 20%. You see, making money is actually not difficult; the challenge is to maintain profits. Now, before each trade, I always set my profit and stop-loss limits first, and I have three strict standards: the loss on each trade must not exceed 5% of the total capital; the profit target must see at least 5% or more, and if it doesn’t reach that, I won’t act; at the same time, I must maintain a 50% win rate baseline. If I have two consecutive losses, I stop to review and never trade with emotions. Relying on these three points, although my capital curve has never skyrocketed, it has always been steadily upward, much more solid than those who experience large ups and downs.
Rule Four: Don't be a 'hardworking poor person.' When your hands itch, it's better to binge-watch a show. The most fatal misconception for beginners is thinking that 'the more frequently you trade, the more you earn.' Trading five or six times a day, after a month, you will have traded hundreds of times, and the transaction fees will almost catch up to the principal, yet still say, 'I am accumulating experience.' But do you know? In this circle, 'not moving' is sometimes more important than 'moving a lot.' When I first entered the circle, I also watched the market every day, my fingers were faster than my brain, and as a result, I lost more the more I traded. Later, I set a rule for myself: no more than two trades a day, and I resolutely do not move without clear signals. Guess what? Not only did I save on transaction fees, but emotional trading also decreased, and I ended up making more stable profits. The market is always there; it won't close just because you don't trade for a day. Instead of 'futzing around' in the market, it's better to spend more time studying trends and wait for the opportunity to strike. After all, good hunters know to be patient.
Ultimately, surviving in this circle boils down to sixteen words: do not be greedy with heavy positions, follow trends, strictly control risks, and do less to make fewer mistakes. There is no 'get rich quick secret,' nor can anyone always accurately predict the market. Those who can stay long-term rely on maintaining a stable mindset and enduring loneliness.
I know that many friends are still confused right now, watching others make money and feeling anxious, or trapped and not knowing what to do. Don't panic, follow me, and I will gradually share more practical tips, such as how to judge trends, how to set profit and stop-loss limits, and the pitfalls that beginners should avoid. You are also welcome to chat in the comments about what the biggest pit you have stepped into since you entered the circle was. Let's avoid pitfalls together, steady progress, and gradually become rich!
