My Trading Principles

Don't trust feelings, trust the market

It doesn't matter what you think will rise; if the market sentiment doesn't cooperate, it's all in vain. In 2023, I was optimistic about a certain coin, but the trading volume never picked up, and I stubbornly held on, ultimately losing 15%. Only later did I understand: the market is always right.

Stop-loss is a lifeline

The stop-loss level should either look at the key market levels or be based on what you can afford to lose. Last year, I set a 2% stop-loss on my BTC long position, and it hurt when it triggered, but later it dropped 20%, so I was glad I didn't take chances.

Admit your mistakes, hold on to your victories

You have to acknowledge your own analysis; if you're wrong, accept it, if you're right, don’t act recklessly. During the ETH wave in 2024, I held on to my target and earned 40% more than those who exited midway.

Living longer is more important than making money quickly

I've seen too many make 10 times their money in a year, but few survive for three years. Now, I only seek stability; a 20% annual compound return is enough.

The life lessons trading has taught me

I used to think making money was everything; now I practice calligraphy, play the electronic piano, and read the classics every day. The happiest things are actually unrelated to money.

Trading is like a mirror; if you're greedy, it will make you lose; if you're stable, it will help you earn. A senior said, "I have failed a lot in my life," and it's not just dramatics—speculating too quickly, the body can't keep up; it's better to slow down.

How hard is it to unify knowledge and action?

It's too common to analyze correctly but act contrary. I have a friend who correctly saw the trend but was scared away by small fluctuations, losing 800,000 over three years.

Remember: when uncertain, it's better to miss out than to make mistakes. Frequent trading is just giving money to the exchanges; I've seen people trade more than 10 times a month, and none survived beyond two years.

Success relies on these four points

Don’t get carried away with profits, don’t rush to recover losses

Don’t get greedy for quick gains; seek steady profits

Don’t be overly concerned about gains and losses; trust your own system

Never go all-in; black swans will always come

When watching the market, focus on these points

Trading Volume: Reliable only when volume continues to increase during rises, and at key levels during drops

Key Levels: Use Fibonacci to find support and resistance; take action if breached

Take notes: Record every transaction; words won’t deceive you

Single Asset Tracking: Focus on one coin for a period; understand it thoroughly

The essence of trading is actually seeing through yourself—if you respect the market, it will be gentle with you; if you try to defeat it, you'll eventually be dealt with by it.

The next layout plan is already drawn up, mix with @币来财888

A blunt reminder: Only those with strong execution will be brought along.