Personal advice: Those without certain experience in the cryptocurrency circle should not treat it as a profession; at least experience one or two rounds of bull-bear cycles to qualify for treating it as a profession! Or consider this after being active in the circle for four years! In my seven years of trading, I have experienced ups and downs, from debt to wealth freedom; I have made money, lost money, and gone through countless pitfalls. It is said to be a game of bulls and bears, but it feels more like managing one's mindset—full of surprises and disappointments. A magical circle, a charming place, where I have summarized countless operational methods and strategies! Read and learn from what I share before considering whether to go full-time in the cryptocurrency circle!
In the cryptocurrency circle, everyone has heard the story of 'turning 10,000 into 1 million', but the reality is that most people not only did not make money but were also left in tatters by the market.
We have no insider information, no capital advantage, nor the trading experience to withstand several rounds of bull markets. What we can rely on is only to recognize the market, recognize ourselves, establish rules, and control emotions.
The cryptocurrency circle is not a shortcut to wealth, but a battleground where only a few survive.
First, recognize the market: this is a world where uncertainty reigns.
The essence of the market is not a technical game, but a high-complexity probability game.
You must accept that no matter how brilliant the strategy, it cannot consistently profit in all environments. Any trading system claiming '100% win rate' is a scam.
What we can do is not to defeat the market, but to adapt to the market, using discipline to combat uncertainty.
Profit and loss originate from the same source: the way you make money determines the depth of your losses. Heavy positions: may double, but may also go to zero; high leverage for rebounds: eating a piece of meat, but if the direction is wrong once, it leads to direct liquidation. Averaging against the trend: sometimes can break even, but in a one-sided trend, it is slow suicide.
The traders who can truly survive are those who repeatedly bet in the 'probability advantage' in a systematic way—earning more when they are right and losing less when they are wrong. Secondly, recognize yourself: you are not a genius, nor are you a 'cool evening'.
Most people do not die in the market due to ignorance but due to arrogance: obsessed with predictions: trying to catch all tops and bottoms; technical obsession: piling on indicators while ignoring position and risk control; superstitious about luck: attributing gains to oneself and losses to the market; excessive confidence: after several profitable trades, thinking they are invincible.
Remember: discipline > technology, execution > inspiration, stability > stimulation.
Real profitable trading is often boring.
The underlying logic that ordinary people can also make money.
You do not need to become a genius; you only need to establish a trading system that can be replicated and adhered to.
1) Capital management: Only use a small portion of total capital for each position; trade lightly to test the waters; confirm the trend before adding positions; do not go all-in from the start; total position should not exceed 30%, leaving room for maneuver.
2) Suitable cycles for oneself: Short-term: those with strong market sense and quick reactions play; Swing: suitable for those who can withstand fluctuations and benefit from trends; Long-term: those who understand macro and fundamentals have better odds.
3) The trading system should be simple, executable, and replicable: Trend strategy: follow the trend, do not increase positions against the trend. Fluctuation strategy: sell high and buy low, stop-loss should be quick. Arbitrage strategy: cross-platform price difference, small fluctuations, high win rate but...
4) Stop-loss and take-profit must be executed mechanically: set the stop-loss line before entering the market, cut the position at the right time; take profit can be done in batches, without greed, without fear, capturing mid-term market movements is enough.
5) Emotional management: reduce the frequency of watching the market, avoid impulsive trading; accept losses; do not double down on losses, do not expand when winning; write trading logs, continuously review and optimize the system. The key to truly surviving: mindset and compound interest.
The hardest thing to defeat in the cryptocurrency circle is not the market, but one's own greed and fear.
What you need to do is not 'ten times in a year', but stable annual returns + strict stop-loss + not being eliminated from the market.
Do not underestimate the act of 'surviving'; compound interest is the only way retail investors can compete with institutions: 30% annualized, 10 years is 20 times; 50% annualized, 10 years is 57 times; doubling in one year means zero in the second year.
And if you accidentally incur losses...
Final advice: do not become a 'legend'; please become a 'survivor'.
In the cryptocurrency circle, legendary stories only belong to a very few people; the vast majority of winners are ordinary people who can survive in a long market.
Make fewer mistakes, execute more, review often, and maintain rationality and patience.
