The trading log of the old senior contains a yellowed piece of paper with 8 guidelines written on it. He said: 'These are not rules, but life-saving charms that I summarized after falling countless times.'

In 2015, he first experienced a liquidation because he held 12 coins, and in the bear market, he couldn't cut losses in time; in 2018, he preserved 70% of his capital during a crash by relying on 'concentrated funds + fixed stop-losses.' Each of these 8 guidelines corresponds to a lesson learned in hard cash.

1. Position Management: Be bold in a bull market, and be decisive in a bear market.

"Buy 3-4 coins with less than 500,000; no more than 5 coins even with more funds."

In the 2021 bull market, the old senior used 500,000 to buy BTC, ETH, and SOL, each with a position of 30%-40%. These three coins rose by 200%, 300%, and 500% respectively that year, with a total return of 380%. Meanwhile, someone else bought 15 different coins, 8 of which went to zero midway, and ended up making only 50%.

"In a bull market, concentrate funds; in a bad market, hold a small amount of positions."

During last year's bear market, he only held 2 coins with a total value of 5 million and a position of 30%. In March of this year, when the market warmed up, he quickly increased to 5 coins and raised his position to 80%. He said: 'A bear market is like winter; you should move less and hide more; a bull market is like summer; you should grow with all your strength.'

Practical case: Fan Xiao Li started with 500,000 capital and concentrated on buying BTC and ETH (250,000 each) at the beginning of the bull market in November 2023. In April this year, when it reached the target price, he cleared his positions and made 620,000. Another fan spread his investment across 8 different coins, with 3 not rising, and his total profit was only 280,000.

2. Trend is King: Don't fight against the market.

"Learn techniques from the news, just to improve the win rate."

The old senior spends 20 minutes every day reading the news, but only looks at 'strong logic' messages such as Federal Reserve policies and developments in mainstream coin ecosystems. He said: 'Those small rumors about 'certain institutions entering the market' are 90% traps for buyers.'

Last year, he bought based on the resonance signal of 'Ethereum Shanghai Upgrade + Daily Golden Cross', increasing his win rate from 55% to 72%.

"Rebounds in a downtrend are often traps for buyers, and declines in an uptrend are often pits being dug."

In 2022, BTC dropped from 60,000 to 15,000, with 5 rebounds exceeding 30% in between, but each rebound was followed by further declines. The old senior remained inactive during the downtrend and avoided all traps for buyers. In contrast, during the uptrend in 2021, ETH had 3 pullbacks exceeding 20%, and he added positions each time, which later reached new highs—this is the opportunity after 'digging the pit.'

Warning: Last year, a fan tried to catch the bottom of LUNA after it dropped 80%, reasoning that 'it had fallen too much', and it ultimately went to zero. The market always has cheaper prices; don't measure opportunities by 'percentage drop'.

3. Timing and Discipline: Actively engage when the market is hot, and be ruthless with stop-losses.

"Only operate when the market is active."

The active period in the cryptocurrency market is usually from 20:00 to 24:00 (when global funds concentrate), and 80% of the old senior's trades are completed during this time. Last year, a fan specifically operated between 3-5 a.m., when the volatility was low and it was easy to encounter unexpected issues, resulting in a loss of 30% over six months.

"Set fixed stop-losses for losses, and raise take-profits for profits."

He always sets a 5% stop-loss when buying coins; once triggered, he immediately cuts it off and never moves it down. When making a profit, he raises the take-profit point by 5% every time it increases by 10%. For example, if he buys at $100 and it rises to $110, he raises the take-profit to $105, and when it rises to $120, he raises it to $110—this way, even if there is a pullback, he can retain most of the profits.

Case: This year, he bought SOL at 100, setting a stop-loss at 95. When it rose to 130, he raised the take-profit to 115. Later, when it pulled back to 120, he sold above 115, earning 15%, while those who did not raise their take-profit might have experienced a roller coaster back to 105, making only 5%.

4. Trading mindset: Balance decisiveness and patience.

"Buy decisively, and sell resolutely."

When BTC broke 30,000 in October 2023, the old senior noticed it stabilized above the 60-day moving average on the daily chart and immediately bought in with 30% of his position. Meanwhile, someone in the group was hesitating about 'whether there would be a pullback' and waited until it rose to 32,000 to chase, increasing his cost by 7%. When selling, he was even more decisive; last year when SOL reached the target price of 120, he cleared all positions within 5 minutes, while someone else hesitated until 110 to sell, missing out on an additional 8% profit.

"Before adding positions, ask yourself: If I haven't bought now, would I still buy?"

When he bought ETH at 1800, he wanted to add positions but first asked himself: 'If I were out of the market, would I buy at 1800?' The answer was 'Yes' (because the trend was still there), so he added positions. Later, it rose to 2500, and he made a profit of 39% on that part of the position. On another occasion, when DOT rose to $20, he wanted to add positions but, after self-questioning, realized he 'would not buy if out of the market' (because it was too far from the moving average), so he gave up, and later DOT dropped back to $15, avoiding a disaster.

5. Avoid traps: Don't engage in mentally draining activities.

"Don't get addicted to intraday short-term trading; big money relies on following the trend."

The old senior trades no more than 10 times a month and never focuses on the 5-minute charts. One fan made 5-8 short trades daily, spending 120,000 on transaction fees throughout the year, but only made 50,000 profit. In contrast, the old senior held BTC from 30,000 to 60,000, earning more from one trade than the fan did in an entire year.

"Remember: Only 20% of people make money in the market."

When you think 'everyone is buying, it must go up,' you are often already among the 80% loss group. Last year, when AI coins surged, 90% of people were shouting 'it will rise more,' but the old senior cleared his positions—because he knows that the truth is always in the hands of a minority.

Finally, let's look at the old senior's summary: 'These 8 guidelines are not just techniques; they are the bottom line to survive in the cryptocurrency market. If you live long enough, money will naturally come.'

The distance from 100,000 to 42 million is never just a multiple of returns, but the strength of adhering to the rules each time. When you can hold your positions while others are buying chaotically, execute stop-losses while others are panicking, and wait for trends while others are caught in short-term euphoria, you have already joined that 20% group.

Before placing your next order, read these 8 guidelines once more. The market is never short of opportunities; what it lacks are people prepared to seize them.