In the cryptocurrency field, I have been deeply involved for 10 years. Six years ago, I resolutely decided to quit my job and devote myself fully to this wave of digital finance. From being broke to financial freedom, my life trajectory was completely rewritten on a night five years ago.
That night, a senior’s heartfelt words were like a morning bell, enlightening me and clarifying my positioning while deeply understanding the eight stages that every investor in the crypto circle must go through. I use these stages as a mirror for constant self-reflection, and finally regained everything I once lost!
Perhaps in the eyes of the world, retail investors are always the weak side, like fish on a cutting board.
If you are hesitating in front of the door of the crypto circle, I sincerely hope my sharing can light a lamp for you. I believe I have some summarizing and expressing abilities, and I hope my experiences and insights can provide you with some valuable references. Back to the point, let’s get straight to the topic!
In the journey of trading coins, when you face a difficult sell-off moment, you might as well ask yourself: if your analysis is accurate, why does the market go against you? The answer is simple — your judgment has deviated, because the market is always right; it never makes mistakes!
The ultimate truth in this market:
Those who invest with spare money live the longest.
Those who know how to stop losses go the furthest.
Those who seize trends earn the most.
Remember this bloody and tearful adage:
Bull markets are the elevators for the poor, but the emergency stop button is never in your hands. You either learn to control or wait for the crash.
Leverage is not the devil; not understanding stop-loss is!
People always ask me: 'Which is safer, opening with 1000U at 10x or 2000U at 5x?'
Seeing such questions makes me know another poor soul trapped by the liquidation price.
The truth is often very simple: these two opening methods are essentially the same $10,000 position.
The difference lies in your psychological endurance, but novices always struggle with: 'With 10x leverage, the liquidation price is closer, so dangerous!'
Wake up! The core of trading is never the liquidation price, but whether you strictly execute your stop losses.
High leverage dies quickly? That's because you close the screen like a gambler right after placing an order.
The question that newbies love to ask: 'Teacher, how to quickly turn 200U into 10 times?'
And they really completed the zeroing feat in just five minutes.
Blood and tears advice:
First earn the first bucket of gold with spot trading, then use the profits to play contracts.
If you can’t even understand the K-line, it’s better to go directly to Macau to play big and small.
The true essence of trading:
Opening signals are not important; going long on sunny days and short on rainy days is fine, the key is whether you dare to mechanically execute and whether you can control your position like a robot.
Why, with the same 10x leverage, do some make tens of thousands of U in three years while others lose everything in three days?
The market specializes in punishing various disobedience but always rewards those 'mechanically executing + mathematical thinking' cold players.
Your account balance is a true reflection of your understanding; don’t blame the market for being cruel; if you have to blame, blame your naivety.
If you decide to make trading coins your lifelong career and yearn for financial freedom through digital assets — these 10 pieces of bloody and tearful experience should be ingrained in your DNA. Not many, but each word is worth its weight in gold.
When leading coins fall for nine days, don’t hesitate; it’s your turn to enter.
Any coin that has a wild celebration for two consecutive days, it’s time to calmly take profits.
Cryptos that rise more than 7% in a single day often have inertia to rise again the next day, let the bullets fly a little longer.
Truly strong coins will give you a second chance to enter; wait for them to pull back to a suitable point before taking action.
Coins that have been horizontal for three days should be given another three days of observation; if there’s still no movement, change the battlefield.
If the position hasn’t broken even after two days, it means the market is reminding you to exit.
Remember this rule: rising for three days may rise for five days, rising for five days may spike for seven days. But the fifth day is often the best time to cash out.
Trading volume doesn’t lie — low-level volume breakout needs attention; high-level volume stagnation means it’s time to run.
Only play coins in an upward trend: a 3-day moving average upwards is a short-term opportunity; a 30-day moving average upwards looks at the medium-term; an 80-day moving average upwards is a main rising wave; a 120-day moving average upwards indicates a long-term bull market.
Having little capital is not the problem; the problem is whether you have the patience to wait for opportunities and the courage to pull the trigger when you see them.
I have used this method for five years with stable profits; 90% of my success comes from three words: wait, precise, ruthless. The market always has opportunities; what you fear is running out of bullets and confidence in advance.
A 10-year bloody history in the crypto circle: survival rules of old novices.
Hold the coins that the market makers are protecting!
When the market crashes, but your coins are stable like an old dog? Congratulations, this is the market maker protecting the price. Don’t sell impulsively, it’s likely to make you wake up smiling later.
Newbies should focus on two vital signs for buying and selling.
Short-term: 15-minute K-line + daily line; hold on online, run offline, simple and brutal.
Medium-term: daily charts determine life or death; don’t mess with fancy indicators, the simpler, the more profitable.
If a short-term coin doesn’t rise for three days, switch it out.
Prices drop after buying? Cut losses at 5%, don’t contend with the market. Coins that the market doesn’t recognize are like people who don’t love you; forcing it is useless.
A 9-day crash equals a rebound signal.
After the price is halved and then drops for 9 consecutive days? It indicates that the bears are exhausted; a rebound is imminent, and when it's time to act, just act.
Only play the leading coins; don’t be a bag holder.
The ones that rise the most are the leaders; those that fall the hardest are still the leaders. Weak coins are like someone who can't be helped; don’t be greedy and suffer a big loss.
Catching the bottom? It’s better to wait for the trend.
Coins that are falling are like jumping off a building; you think you’re catching the bottom, but you’re actually halfway down the mountain. Trend is king; don’t go against the market.
Don’t get carried away when making money; reviewing is the way to go.
One profit might be luck; continuous profit relies on real skills. Each time you make money, ask yourself: was this strength or just luck?
Being in cash is not embarrassing; chaotic operations are deadly.
Being in cash at least doesn’t lose money; chaotic operations equal giving away money. Trading is not about speed, but about brains.
New coins' wild rises and falls; be careful of getting cut.
New coins rely on hype to rise but lack real support. Once the hype fades, they will teach you a lesson in a minute.
What plays in the crypto circle is faith.
Whether a coin is valuable depends on how many people believe in it. The more believers, the more it rises; once consensus collapses, it goes to zero.
The core is summed up in one sentence:
Follow the market makers, watch the trend, play the leaders, cut losses when necessary, and stay in cash if unsure.
Remember these, and it will be hard to lose money!
Seven years ago, I was like all newbies, watching Bitcoin rise from 789 to 19783, suffering from FOMO (fear of missing out) and going all in, only to see a 40% drop a week later... But now my investment portfolio has outperformed the market by 470%, the key is — the manipulation method of rolling positions:
● Adding positions with floating profits: after obtaining floating profits, consider adding positions. However, before adding positions, ensure that the holding cost has been lowered to reduce the risk of loss. This does not mean blindly adding positions after making profits; it should be done at the right time.
● Base position + T trading roll-over operation: divide funds into multiple parts, keep a part of the base position unchanged, and use another part for high sell and low buy operations.
The specific ratio can be chosen according to personal risk preference and capital scale. For example, one can choose half position for rolling T, thirty percent base position for rolling T, or seventy percent base position for rolling T, etc. This operation can reduce holding costs and increase profits.
In my opinion, there are mainly two types of 'appropriate timing':
1. Increase positions in converging breakout trends, and quickly reduce the added positions after the breakout to capture the main rising wave.
2. Increase trend positions in pullback trends, such as buying in batches at moving average pullbacks.
There are many specific ways to roll over positions; the most common is to adjust holdings to achieve it. Traders can gradually decrease or increase their holdings based on market changes to achieve profit. Traders can also use trading tools like leverage to amplify returns, but it also increases risk.
Three factors to pay attention to in trading:
First, the factor is mindset.
Second, it’s the truth of human nature.
Third, be diligent in learning and enhance your understanding.
A newbie survival guide: how to 'survive' in the crypto circle?
✅ Control your position, keep enough bullets.
Never start by investing all your capital; leave yourself some leeway and keep enough liquidity to respond to sudden changes in the market.
✅ Stay away from high leverage, use contracts cautiously.
Contract trading is extremely risky, especially for newcomers; liquidation is often just a matter of time. Don’t be lured by short-term high returns; protecting your capital is key.
✅ Focus on mainstream coins.
Mainstream coins like Bitcoin and Ethereum have relatively stable volatility, stronger risk resistance, and are suitable for newcomers to accumulate assets through regular investments or long-term holding.
✅ Strictly set take-profit and stop-loss.
Greed and luck are the biggest enemies in the crypto circle. Set reasonable take-profit and stop-loss points, decisively exit when it’s time to leave, don’t let profitable trades turn into losing ones, and don’t have unrealistic fantasies about losing trades.
✅ Always have stablecoins ready.
Keep a certain amount of stablecoins like USDT and USDC on hand to respond to funding needs in emergencies and to quickly enter when market opportunities arise.
✅ Refuse to chase highs, stay rational.
Market opportunities arise every day; missing one is fine, but blindly chasing highs is the biggest risk. Stay calm and avoid being influenced by market emotions; patiently wait for the real opportunity.
Why is it said that playing spot trading in the crypto circle is not about huge profits, but at least it's not easy to lose money?
As someone who started from 50,000 in the crypto circle to achieve financial freedom, I am increasingly convinced of one fact: if you have enough understanding of the crypto circle, spot trading is a market where it’s extremely difficult to lose money.
Of course, this depends on the person. Newbies, if not careful, may high-position buy and engage in emotional trading, making it easy to lose; but as long as you have experienced two rounds of bull and bear markets and truly understand the market, you will find that spot trading is the truly steady way to make money.
I’ve also been thinking about a question recently: why do most people who make money play spot trading rather than contracts?
I summarized the following key reasons:
① The level of understanding determines the strategy:
Those who play spot trading are mostly people who have already 'found the way' out of the market.
They have large funds and are not in a hurry to succeed; whether there are coins or not, they can live very well.
So being able to hold on and see clearly, not swayed by short-term fluctuations.
Those who play contracts often have funds below $100,000, making it easy for their mindset to become unbalanced.
Want to reach the sky in one step, thinking of tenfold returns can easily turn into starting over from zero.
Leverage trading without risk tolerance is essentially gambling.
② Different cycles have vastly different error tolerances:
Spot trading is long-term investment with high error tolerance. No matter how big the pullback, as long as the asset is quality, it’s likely to come back in a few years, or even double.
Contracts are short-cycle trading with very low tolerance for error. High funding rates and small stop-loss points require you to judge the direction accurately in a short time; once wrong, it’s an actual loss, or even a direct liquidation.
③ The psychological pressure difference is huge:
Can't sleep well at midnight, dreaming of liquidation.
Watching the market makes your eyelids twitch, adding margin feels like paying 'life insurance'.
What spot trading offers is time and freedom:
If you want to sleep, sleep; do whatever you want.
Looking back, I actually made quite a lot while 'lying flat'.
So the question arises: how to steadily make money in spot trading?
1. Do 'understand before investing': don’t be an emotional investor.
Many people heavily invest in Ethereum; when they see it not rising, they curse — it means you don’t understand what you bought.
You need to really study its mechanism, logic, development path, and core value; clarify its long-term growth drivers, or you won’t hold on at all.
'Don’t invest if you don’t understand' is not just a slogan, but the first principle of survival in spot trading.
2. Patiently wait for opportunities: don't blindly chase just because 'it’s good'.
Chasing a good project when it skyrockets only helps others carry the sedan.
Real opportunities are always born in low emotional areas.
When others throw it away like a 'hot potato', you dare to catch it steadily.
And not crowding in when everyone is scrambling at the climax.
Investment is not based on emotions, but on cost-effectiveness. A truly excellent hunter knows how to wait for the prey to get close.
In summary, one sentence:
The core of making money in spot trading lies in the combination of understanding and timing.
Understanding what you buy is 'value';
Finding the right entry point is 'price'.
The combination of the two is the chip to traverse the bull and bear.
How extreme is the patience of top coin traders?
I know a real big shot; he spends 80% of his time waiting, with less than 20% for actually taking action. Now he fishes and plays golf every day, making more in a year than those who stare at the screen all day.
He once told me: 'People are sometimes like this; when they desperately try to grab something, they end up grabbing nothing; when they truly let go, opportunities come by themselves.'
This guy was also a novice back then, chasing highs and cutting losses more fiercely than anyone else, and later lost so much he doubted life and left the circle. It wasn't until years later that his mindset stabilized that he returned, and ended up becoming a winner.
I summarized his core strategy, simple and brutal:
In a bull market, play altcoins; in a bear market, hoard Bitcoin (BTC). This is a hard rule; don’t get it wrong.
Coins that suddenly explode in volume at the bottom should be closely watched; they are likely to start moving; don’t wait until they fly away to regret.
Coins in an uptrend that drop to key support levels (like the 20-day moving average) are buying points; don’t hesitate, just do it.
Don’t trade every day, catching a few major market movements in a year is enough; frequent operations only send transaction fees to the exchange.
Never go all in; even the best opportunities require a backup plan; the market is specialized in punishing various disobedience.
If you lose money on junk coins, cut losses, don’t average down; the more you average down, the worse it gets.
Just take a look at the news; don’t take it seriously; when real good news comes out, it’s often the time to trap people.
Avoid unfamiliar coins; focus on areas you understand and earn money within your knowledge.
Don’t let market emotions dictate your rhythm; when people in the group shout 'take off', it’s often time to run.
Altcoins that have risen a lot will definitely fall, but those that have fallen a lot may not rise; don’t randomly catch a falling knife.
When everyone is bullish, danger comes; learn to think against human nature.
Learn to stay in cash, wait for opportunities; you don’t have to trade every day; most of the time, you should just watch the show.
Don’t blindly chase hot spots; hot spots come and go quickly; jumping in may make you a bag holder.
Establish your own trading rules and strictly execute them; relying on feelings to trade coins is a dead end.
Investment is a marathon, and mindset determines the outcome; those who seek quick success ultimately become fuel.
Remember, investing is likely to lose money; only use spare money to play, with a steady mindset, it’s even easier to win.
The market is cruel, so we must hone our skills to survive! Success is not accidental; opportunities are reserved for those who are prepared. A skilled captain who excels at medium and short-term arbitrage will be here, and on the road of crypto in the future, no matter how the market goes, I will walk with you all the way.
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