Ten years ago, I had only 30,000 and put it all into crypto. Back then, I dreamed of overnight riches and financial freedom, but within a few years, many around me went bankrupt and exited, while only a few endured.

Now, my net worth from trading crypto has exceeded 10 million. It’s not due to luck or exceptional skills, but because I've survived long enough, made fewer mistakes, and learned deeply.

Today, I won’t talk about dreams, but the most practical insights — these 9 pieces of experience can help you avoid 90% of loss traps and save at least 5 years of detours.

1. If you want to make money in crypto, you first have to survive.

1. Risk control is not optional; it's the baseline for survival.

Most people lose by over-leveraging and chasing trends. My strict rule for capital management:

• Always divide your position into 5 parts and only use 1 part.

• If a single loss exceeds 10%, cut your losses immediately.

• If you lose 20% in a month, stop and adjust immediately.

Never think about 'breaking even'; first, protect your principal to have a future.

2. Trends are the greatest faith.

In a bull market, you take off with the wind; in a bear market, you push against the tide, and there’s only one road to ruin.

I only look at two lines: the 30-day and the 120-day moving averages.

• In an upward trend, be bold and act.

• Diverging downward is a bear market; tread carefully.

Going with the trend is the true mark of a master.

3. Use indicators sparingly, but act quickly when needed.

Don’t get dizzy from flashy K-line indicators; I only focus on two:

• MACD golden cross + increased volume = entry signal.

• Be cautious of false breakouts with low volume and watch for corrections during high volume declines.

Trading coins isn't about how much you watch, but about being decisive and quick to react.

2. The 3 most common pitfalls for beginners, I’ve experienced them all.

4. Holding altcoins for the long term? It’s basically a slow suicide.

Apart from BTC and ETH, 90% of coins will go to zero if held for too long.

In 2018, I stubbornly held onto a worthless coin, dropping from $10 to $0.1, and it was a painful lesson.

My current principles:

• The main holdings should be BTC and ETH.

• Only do target price arbitrage with altcoins; sell when the time is right, don’t get attached.

5. Leverage is poison; beginners should not touch it.

Don’t be fooled by the thrill of doubled leverage; liquidation can happen in a second.

I’ve seen someone lose 30 million in a single day.

Advice:

• Newbies should avoid leverage for the first two years.

• Experienced hands use a maximum of 5 times leverage, keeping positions at 30%.

• Not setting stop-losses = betting with your life.

6. Trends are not opportunities; they are traps!

Every time I see meme coins and AI coins surge, I know: the operators are about to run.

I only trade two types of coins:

• Bottom coins that have been flat for over 3 months.

• Only breakouts with high volume and real on-chain data.

Remember: missing an opportunity can wait for the next wave, but taking a bad position can bury you.

3. Different markets require different strategies.

7. In a bull market, you can ride the waves; only by holding on can you feast.

• Focus on BTC, ETH + leading sectors.

• Don’t act until moving averages are broken; don’t panic on pullbacks.

• Big swings can yield profits; don’t panic over small fluctuations.

8. In a bear market, trade short; securing profits is the only reliable strategy.

• Keep a close eye on 15-minute and 1-hour charts.

• Take profits and exit after earning 3%-5% on each trade.

• In a bear market, greed is the worst enemy; missing out isn’t scary, but giving back profits is painful.

9. Always keep 30% cash on hand.

You might not believe it, but with this 30% cash, I pick up bargains during each major dip and turn things around.

Cash is the confidence; it’s the engine when opportunities arise.

Here’s one last heartfelt piece of advice:

Crypto can indeed make you rich, but it's not the gamblers who get rich; it’s those who are disciplined and patient.

I’ve lost, been liquidated, and doubted, but in hindsight, it’s always those who can endure, summarize their experiences, and dare to change who ultimately win.

If you are currently losing money, I suggest pausing trading and reading these 9 points three times.

The crypto world never rewards impulse; true wealth is built little by little.

Remember: the fiercest comeback in crypto is never a single shot; it’s about consistently hitting the right spots. Your patience and discipline are the sharpest blades.

The money in the crypto world has never come from 'gambling', but from 'calculating'. Follow @顶级交易员大东 , and tomorrow we’ll discuss how to ensure every bit of your principal is on the right path. #ETH巨鲸增持 #加密股IPO季 #香港稳定币新规 $BTC $ETH $XRP