From blowing up three times in the underpass to now earning stable profits every month, it's not luck; it's based on these five iron rules earned through blood and tears.
First: Never go all in; your position is your lifeline. In 2018, I went all in on Ethereum, caught in a bear market crash and blew up my account, almost unable to pay rent. Now I've realized: the position in a single coin should never exceed 20%, and always keep 50% cash in total. When the market skyrockets, others earn more, but when it crashes, I can still survive. Remember, staying alive gives you the chance to make big money; the outcome of going all in with heavy positions is only two: blowing up or regretting not selling earlier.
Second: Stop-loss is more important than take-profit. In 2021, Bitcoin dropped from 60,000 to 40,000, and I stubbornly held on with the illusion of a "rebound," only to watch my account balance shrink from 8 million to 1.2 million. Now, I set a fixed stop-loss line for each coin, cutting losses immediately when a single coin loses 15%. Stop-loss is not giving up; it's leaving a way out for your funds. The market is never short of opportunities; what’s lacking is the principal.
Third: Stay away from leverage and contracts. In 2020, I played contracts with 10x leverage, and Bitcoin crashed in the middle of the night, blowing up my account and losing 3 million overnight. Leverage is the poison of the casino; 10 wins can't make up for 1 loss. For ordinary people, playing with leverage is like carrying a torch through a powder magazine; even if you make a short-term profit, you will eventually pay it back to the market. Although spot trading is slow to earn, it allows you to sleep peacefully.
Fourth: Hype and insider information are traps. Last year, when the metaverse concept was hot, I chased after and bought five new coins, only to see the project team pull a pump and run away, leaving my 500,000 principal down to 30,000. 90% of the market's hot topics are carefully designed scripts by scams; real opportunities never rely on community tips. Sticking with coins like Bitcoin and Ethereum that have actual value is 100 times more reliable than chasing after air coins.
Fifth: Trust no one, including your own emotions. Influencers' tips are often paid promotions, and the "get-rich-quick myths" in communities are mostly scams. In 2019, I followed a so-called "master" to buy coins, only to find that they cashed out at a high point while I was left holding the bag. Now, I only look at white papers, hash rates, and exchange data; I don’t panic when the price falls, and I don’t become greedy when it rises. Emotions are the biggest enemy of trading.
Trading coins is not gambling; it's a probability game. Following these iron rules may not make you rich, but it can help you survive longer in this brutal market. Remember, those who can earn stable profits understand how to control their desires — wealth is never earned through reckless risk, but through making fewer mistakes.#白宫数字资产报告 #以太坊十周年 #美联储利率决议 #币安HODLer空投TREE #稳定币热潮