Brothers, let's talk about some practical stuff. I was born in 1990, and I'm 35 this year. I've been in the crypto space for 10 years, losing from 200,000 to 30,000, then flipping it to over 50 million in net assets now. It's not about luck, but a solid set of trading logic that withstands bull and bear markets.
The following 11 principles are the hard-earned strategies I gained from significant losses; each one can save your life.
1. Sideways movement means winning
Sideways trends must change. When the market is moving sideways, don't guess the rise or fall; just observe. In 2018, I was stuck in BTC's sideways position, and a sudden large drop cost me 70,000. Remember: if it's sideways for more than 5 days, waiting is more valuable than attacking.
2. Exit popular coins within three days
Hot coins are like a hot oil pot; they get hot quickly and cool just as fast. I once lost 80% in one night because I was too attached to a popular coin. From then on, I set the rule: don't fall for hot trends; when someone in the group starts shouting 'buy', I reduce my positions; if someone starts criticizing, I clear out.
3. Boldly hold when the trend strengthens
ETH once gapped up by 100 dollars; many called it a trap, but I insisted on holding, and it later rose to 2800, netting me 800,000. Strong trend + volume = main uptrend; don't exit easily.
4. Take profits on large bullish candles first
A large bullish candle signals that the main force is pushing the price up, especially at highs. When BTC surged to 48,000, I noticed unusual volume and immediately reduced my positions; the next day confirmed the judgment with a pullback. On the day of the large bullish candle, I took half out to secure profits.
5. Moving averages are traffic lights
Buy when the price pulls back above the 20-day moving average, and sell when it bounces below. Don't go against the trend; the moving average is your 'seatbelt'.
6. Three no-action rules
Don't sell on highs, don't buy on lows, and don't act during sideways movements. Buying low and selling high isn't just a slogan; it's a firm principle. Frequent trading doesn’t equal hard work; it's just feeding fees.
7. Always diversify your positions; don’t be greedy or fully invested
The crypto space is full of opportunities, but it's most afraid of you going all in and losing everything. Even if you are 100% confident, only invest 10%, and add more with the profits later.
8. Positive and negative news depend on market reaction
News is not important; the market's 'expression' is what matters. If good news doesn't lead to a rise, it's a signal to exit; if bad news doesn't lead to a fall, it's an opportunity to buy. Always pay attention to the flow of funds; don't be scared by headlines.
9. Indicators should be precise, not numerous
MACD shows trend, Bollinger Bands show sentiment, and trading volume identifies authenticity. Technical indicators do not predict the future; they validate the present.
10. Every trade must be planned
What to buy, how much to buy, stop-loss point, and take-profit line—write it down! A trading plan is the reins to control impulsiveness. Think clearly before getting in; earn with peace of mind, and accept losses willingly.
11. Must set stop-loss and take-profit
Without stop-loss, bankruptcy is inevitable; without take-profit, profits will slip away. Cut positions if they drop over 3%, and sell half when they reach expectations—this gives you confidence when making profits and keeps you calm when facing losses.
At my lowest, I had only 30,000 left, but I didn’t give up. It's not because I have extraordinary talent, but because I understood early on: the crypto space is not about speed, but about discipline.
Now I don't get high, don't stay up late, and don't overtrade; I spend every day having breakfast with my child, taking walks in the afternoon, and casually reviewing at night. I make 100,000 a month for living expenses, and my account keeps growing.
If you want to survive and earn steadily in the crypto space, remember this:
Making money is not about luck; it's 'rules control greed, rhythm controls risk'.
Follow these 11 principles; don't say 50 million isn't a dream; multiplying by 10 is also possible.
