Statistics of my 400 transactions in 2024: win rate only 88%, but the profit-loss ratio is less than 1:1, and the annual return tripled.

The bear market in 2022 lasted for 8 months, avoiding Luna's collapse and FTX's crash, account ranking rose from the top 20% to the top 5%.

In January this year, Bitcoin's reduction signal: net inflow to exchanges surged + extreme greed > 90, decisively liquidated at 108000, mainly because there was a strategy to liquidate from 90,000 to 108,000 to spot, strictly executed and also conveniently escaped the peak.

Beginner's Guide to Trading:

1. Stop-loss or escape must be like cutting an onion: it stings but you have to cut, waiting until you cry is too late (a lesson from holding ETH from 3500 to 900).

2. Take profit should be learned like a buffet: don’t expect to eat all the lobster, just take what you can consume (this month's BTC market eating fish strategy).

3. Occasionally being in cash and observing is top-tier operation: just like pursuing a goddess, relentless pursuit is not as good as waiting for the other party's breakup window (opportunities to bottom out BTC, ETH, SOL, Doge in March).

Summary by Sam:

The most ironic thing about this market is—when you no longer stare at the market every day, when your trading record can put insomniacs to sleep, when you can control your positions very well, and executing escape and stop-loss feels as natural as throwing away expired yogurt, then making a million might just be the beginning. Remember, living long in the crypto space is the most important, because every four years, the bull-bear switch happens frequently, and the market will always have a steady influx of capital.