The crypto world may not make you rich, but it can make you richer.
When short on money, the desire for quick wealth becomes overwhelming, making it extremely difficult to profit, because even if you double your 50,000, you only earn 50,000, which is simply not enough. In fact, doubling your money over two years is already impressive, so you should start by accumulating capital.
I don't have a method to go from 50,000 to 1,000,000, but I have experience going from 300,000 to over 10 million, so I should have some say on this topic.
I have been trading coins for 10 years, going from 300,000 with a 90% loss to now making a living from trading and consistently profiting. This is because over the past 10 years of trading, I have realized the rules I am sharing today, which are shared unreservedly for those fated to see, even crypto newbies can understand. It's worth your likes and saves!
I still remember when I first entered the market; I thought trading coins was very simple, so I learned a few strategies and a few candlestick patterns, and was eager to prove my abilities in the crypto world. As a result, I paid a heavy price for my arrogance. Later, when my father found out, he scolded me harshly; it was the first time he taught me a lesson since childhood, and I secretly resolved not to let him down.
That night, I knelt on the ground, repeatedly blaming myself for my trading orders. My father couldn't bear it and told me that although there are many paths in life, only one person can be a champion. Those who become champions are those who have studied their industry to perfection. Without taking small steps, you won't reach a thousand miles; without accumulating small streams, you won't form a river or sea. No matter how many changes there are, the essence remains the same; just like a sword, no matter how skilled the craftsman is, without iron, they can’t forge it.
From 300,000 to 22 million: A survival memoir of a crypto player.
When I threw 20,000 U into the market, I felt like a leaf thrown into a whirlpool, completely unaware of whether I would be swept to the surface or into the abyss in the next moment.
In the first year, I kept jumping between liquidation and stubbornly holding on. I held onto a position when there was a 20% floating profit, only to be chewed down to nothing by a correction.
The thrill of going all-in results in countless nights spent staring at the ceiling. Later I understood that surviving in the crypto world is more important than making a lot of money.
The real enlightenment came during the time of 80,000 U. I tried to extract emotion from trading—building positions according to plan, profit-taking based on data, and closing positions without hesitation.
Be like an emotionless execution machine. It was that wave of market movement that made me see clearly: catching a sudden rise relies on luck, while avoiding a sudden drop reveals true skill.
When capital exceeds six figures, the game changes entirely. Small capital can chase the candlestick patterns, with fluctuations of dozens of points being just pocket money; but when the position is in the millions, a sudden movement can equal the price of a luxury car.
I started diversifying my positions, splitting time frames, and hedging, even laying out three directions simultaneously—not to capture every market movement, but to avoid being disrupted by a single fluctuation.
The most torturous period was when my account shrank from 1.8 million to 1.3 million over two weeks. Watching three years of accumulation evaporate, the first thing I did was cut positions, and the second was to turn off my computer and sleep. It’s okay to take it slow; the fear is trading with emotions.
Now, 20,000 U has turned into 2 million; I feel like I have touched the threshold of the crypto world—it's not about skill, not about insider information, but about lonely patience.
When the market is surging, don't let greed lead you; when the market is silent, don't let fear drive you out. I've seen too many people with thicker capital than me fall during corrections or inflate after big wins.
The end of the crypto world is never financial freedom, but freedom of mindset. I never advise people to 'follow me for guaranteed profits.'
But make it clear: those who can manage their funds well will eventually find answers over time. As for how to get to this point?
Perhaps only those who have been pressed to the ground by the market can understand the nuances within.
Trading ultimately becomes a game of controlling drawdowns.
For experts, the market and ATMs are no different; when out of money, just withdraw from it.
What is rolling over? Must-see for contract traders! Newbies can understand it instantly~
What is rolling over in the crypto world?
In summary: close positions → change positions → stay alive!
In the crypto world, rolling over is common among *leveraged contract traders*, especially those who play futures/perpetual contracts.
Three major scenarios for rolling over in the crypto world.
Don’t want to deliver when the contract expires.
There are two types of crypto futures: *perpetual contracts* (no expiration date) and *quarterly contracts* (expire in 3 months).
If you hold quarterly contracts (like June BTC contracts), when it's close to expiration, close your position and switch to September contracts to continue 'holding the order'!
Note: Although perpetual contracts do not require rolling over, you have to pay 'funding fees' (long and short mutual liquidation)!
Leverage is about to explode; forcibly staying alive.
Using 10x leverage to go long on BTC, but the price drops to the liquidation line?
Emergency operation: close half of the position → use remaining margin to open a new position → reduce leverage, hold on!
(Commonly known as the 'dead slow tactic,' but it might lead to even more losses...)
Daily operations of arbitrage parties.
For example, simultaneously shorting a BTC quarterly contract from one exchange (where the price is high) while going long on another perpetual contract from a different exchange (where the price is low) to lock in price difference profits when rolling over~
Hidden risks of rolling over in the crypto world
Funding rate backstab: rolling over perpetual contracts to a new platform may result in being harvested by high funding rates!
(Example: certain funding rate at 0.1%, rolling over once = free transaction fee)
The spike assassin: encountering extreme market conditions during a rollover, both old and new positions get liquidated!
Gas war: On-chain contract rollover (such as ETH options) may be drained by miner fees!
Let's take a real case from the crypto world.
Scenario: You use 100x leverage to go long on ETH with a capital of 10,000 U.
▫️ ETH price dropped 10%, and the margin is only 1,000 U, just 1% away from forced liquidation!
Roll over operations:
1. Close 90% of the position (leave 100 U).
2. Use 100 U to reopen with 10x leverage long.
▫️ Result: position reduced but leverage lowered, able to withstand fluctuations → waiting for a rebound!
(But if it continues to drop, 100 U will still go to zero...)
Guide to avoiding pitfalls in rolling over in the crypto world
Calculate the price differences in advance: when rolling over quarterly contracts, compare the new and old contract prices!
(Under the contango structure, long-term contracts are more expensive → rolling over = losing money)
Avoid high fee periods: roll over before the funding rate updates for perpetual contracts (usually every 8 hours)
Leave enough Gas money: reserve at least $50 for on-chain operations to cope with congestion!
Summary.
Rolling over in the crypto world = dancing on the edge of a knife; the core message is:
Either continue living and turn the tables, or accelerate your death.
Advice: Newbies should stay away from high leverage; experienced traders should roll over with stop losses!
I once thought trading was a shortcut to wealth, but later realized it's more like a long game against oneself. There are no eternal winners here, only continuously evolving practitioners.
Over the years, the market has taught me not only techniques but also a profound understanding of human nature, risk, and discipline. From blindly following trends to establishing a system; from emotional trading to mechanical execution, every step has been accompanied by pain and growth. What I want to share is not a 'winning secret,' but the real insights of a lonely trader: 'The market has always been fair; it never punishes mistakes but will keep repeating lessons until you learn.'
There is no 'holy grail' in trading; the market has no 'secrets.' The methods to make money are not in any book; market trends, support and resistance, capital management, and personal execution ability are all obvious things. Trading is about repeatedly doing these simple things to the extreme.
Predicting the future is not as good as managing the present. Trading is not about prediction, but execution. You don’t know whether the next trade will gain or lose, but after consistently executing the rules long-term, the probabilities will be in your favor. Let profits run, and let losses stop. Accepting losses is the key to truly making money; losses aren't scary; it's the ability to bear losses that is scary; profitability doesn't rely on frequent trading but on one right trade that captures enough profit.
The closer you are to the market, the easier it is to be devoured. Constantly watching the market and frequent trading only leads to anxiety. Those who really make money understand how to maintain distance from the market, learn to wait, and earn their own share of the market.
Real experts can endure loneliness; trading is tedious for them because they are disciplined executors. Trading is a marathon; living long is more important than running fast. Do good risk control, manage drawdowns, and stay in the market; time is the strongest compound interest.
The essence of trading is to cultivate oneself. The market will not change; you can only change yourself. Making money relies on cognition and execution. Understand these, and you won’t need others to guide you; the market has already taught you everything.
The dumbest trading method in the crypto world, I followed it, and as a result, my account skyrocketed!💥
I always thought that trading coins relied on candlestick skills, indicator crossovers, fractals, wave patterns, and constantly watching the market...
Until I lost heavily three times, I completely gave up.
I've decided to trade using the stupidest methods in the crypto world!
I didn’t expect that this 'move' would raise my account from 1,700 U directly to 140,000 U!
There are only three methods, so simple you might think I'm joking:
First rule: Only buy breakouts, avoid consolidations.
What consolidation, inducement, wash trading... I don't even look at it.
As soon as the price strongly breaks a new high, I immediately enter the market!
Regardless of whether it's a false breakout, just go in and see. Real breakouts ride the trend, while false breakouts incur small losses; over the long term, you'll profit without loss!
Second rule: Heavy positions? Not applicable! Only move 20% of positions.
Only move a small portion each time; take profits when you can, don't get attached to battles!
If you get swept out, take a break; don't reverse! Don't add positions! Don't chase trades!
While others make dozens of trades a day, I make two trades a week, and end up profiting massively!
Third rule: Only trade the market you understand; give up everything else.
Do you want to catch the bottom? Do you want to short the top? Do you want to catch a rebound?
That’s something only technical experts can do; I only follow the trend.
Chasing up when the price rises and chasing down when it falls, honestly follow the trend without predicting or fantasizing.
Many people say I'm foolish, that I can't analyze or draw lines...
But now my account has skyrocketed to 140,000 U,
While they are still using technical analysis to 'draw the future,' I am already lying back and making money.
Many people in my circle have flipped their positions using this dumb method.
It's not that I'm great; it's because they finally learned not to mess around.
Want to double your position? Stop researching complex strategies.
Using my 'dumb method,' you just need to know how to click the mouse to steadily profit.
Stop overanalyzing; using the simplest method to the extreme is the smartest way to get rich!
Ways for ordinary people to make money in the crypto world and avoid pitfalls.
First, honestly accumulate coins, hold onto the spot for 3-10 years. Accumulate the right assets. There’s no way to be poor. What assets are the best in the crypto world? As long as you’re in crypto, you know; there's no need to choose. This seems the simplest, but in reality, very few people take this path, so the competition is minimal. I completely don’t care about price fluctuations because it’s too counterintuitive. I personally took this path, and I feel it suits me; perhaps it's due to my personality. I also made money by taking this path.
Secondly, base your asset base on the coin itself. Use your existing coins to participate in quality activities, like Binance exchange's IEOs, the staking of bored apes, liquidity mining, etc., all of which can earn money, but this is meaningless for small funds. It’s suitable for large funds.
Third, trading is the hardest, but it's also what ordinary people yearn for; it often seems the simplest. For example, entering contracts is as easy as clicking the mouse; a certain master tells you what price to enter. In reality, most people can't earn; they are just fuel.
Methods to avoid pitfalls.
If someone is trying to entice you with promises of how much money you can make by buying a certain coin or following their trading, they are definitely a scammer.
In the financial market, if you are trading, you must have your own trading system. My own approach is to have a system: exit when falling below the 60-day moving average, buy when breaking above the 60-day moving average, sell when moving away from the 60-day moving average by more than 25%. Use 25% as the profit-taking point. If it's a bull market with a small cap, then it's other moving average rules.
There are many methods, but they must be simple. I've also shared with group friends how to trade small caps, how to sell; if you can discipline human nature and explain the simplest methods in the simplest language, trading coins will no longer be a source of entanglement, nor will you sell at a loss.
After 10 years of trading coins, after a 70% loss, I understood: 'Six don't touch, four don't let go' saved my life three times, and the bottom line for contracts must not be broken!
After 10 years of trading coins, experiencing huge ups and downs, going through bull and bear markets, I suffered a 70% loss in the first three years! Last month, while sorting through old phones, I found trading records from 2016: 127 trades, 112 losses. I suddenly remembered that early morning when my wife quietly put a warm glass of milk on the table, with a note at the bottom: 'If the money is gone, you can earn it back; just don't collapse.'
Someone asked me if I regret the losses of the first three years. I always think of that version of myself lingering in the convenience store—some falls, if you don't stumble once, you'll never learn how to stand firm when you land.
The insights I'm sharing today are what I have gleaned from 10 years of studying candlesticks and losing over 600,000—going from being confused by 'turnover rate' and 'RSI' to now being able to withstand a bear market crash, relying on instilling these rules into my bones. Especially the 'Six don't touch, four don't let go' mantra, which has saved my life at least three times. Today I’ve fully explained the bottom lines for contracts, key technical news, and mindset essentials to you.
First, remember these 10 words: Six don't touch, four don't let go (a must for beginners).
When I first entered the circle, I disbelieved in the rules, thinking 'rules are set for cowards'; I ended up stepping into every pitfall, almost losing my entire capital of 68,000. Now, every day before the market opens, I write these 10 rules in my notebook, and if I make a mistake, I punish myself (really).
Six don't touch: these pitfalls, stepping once loses at least 30%.
Don't touch coins that are falling without stabilizing at the 60-day line.
In 2021, I bought a coin that dropped from $10 to $6, with the 60-day moving average continuously declining. I thought 'it's dropped enough' and rushed in, only to see it drop to $3, stuck for half a year. Later I understood: the 60-day line is the 'trend backbone'; if the backbone breaks, can you still stand? It's impossible.
Coins that only release good news after a rise are traps.
Last year, a certain altcoin went from $5 to $15, suddenly announcing 'millions in investment,' and when I chased in, it dropped back to $12 that same day. The main force's trick is: after pushing the price up, they release good news for retail investors to take over while they run away; buying at this point is like giving away money.
Stay away from coins that surge far from the 5-day line; don’t chase.
When coin prices rocket, if they deviate more than 10% from the 5-day line, it’s like a person running too fast and gasping for breath; they will have to turn back eventually. In 2022, SOL jumped from 100 to 140, diverging 20% from the 5-day line, I greedily chased after it, and three days later it fell back to 110, resulting in losses.
Coins that jump high pose greater risks than profits.
A sudden high opening at a high position (for example, BTC jumping from 60,000 to 62,000) is 90% likely to be the main force 'inducing more buyers.' The harshest instance I witnessed was when it jumped and then fell back to its original position the same day, burying everyone who chased after it.
For coins with a turnover rate exceeding 30%, stay away for now.
A high turnover rate indicates that bulls and bears are fighting fiercely, and the market is like a roller coaster. Last year, there was a coin with a turnover rate of 40%, I entered and made a 5% profit on the first day, but lost 15% the next day; who can withstand such volatility?
Coins that are still holding on in a bad environment are 'smoke screens.'
In a bear market, most coins drop, but some remain flat; does that seem strong? In fact, it's the main force holding it up, waiting for retail investors to take over before crashing it. In the bear market of 2022, I encountered one that stayed flat for half a month, suddenly dropped 40%, and there was no way to escape.
Four don't let go: these signals, if held, earn at least 50% more.
Coins with RSI between 50-80, keep holding.
RSI is the 'strength meter'; 50-80 indicates that the bulls still have strength and haven't reached exhaustion. Last year, ETH's RSI hovered around 60; I held it for 3 months, going from 1,800 to 2,800, making an additional profit of 800,000.
Don't rush to sell coins that jump up from a low position.
A low jump (for example, jumping from $5 to $5.5) signals that the bulls are 'snatching chips.' In 2023, ARB jumped from $1.2 to $1.4, and I didn’t sell; it later rose to $2.8, doubling my profits.
For coins trending upwards, hold tightly and don't let go.
Bullish alignment of moving averages (5-day > 10-day > 20-day), with higher highs and higher lows; if this trend hasn't broken, hold on. I held BTC in 2020 and, because the trend didn't break, I went from 10,000 to 60,000, a sixfold increase.
Concentrated chips in coins, wait for a high point before acting.
Look at the chip distribution chart; if most chips are concentrated in a price range (for instance, most people's cost is at $10), it indicates that the main force hasn't sold off and still wants to push higher. Last year, DOGE's chips were concentrated at $0.08; I sold at $0.15, making double the profit.
Second, contracts are not unplayable, but if these five bottom lines are broken, it’s deadly (a bloody lesson).
I went through five liquidations, losing the deepest 1.2 million, all because I didn’t adhere to the bottom line. Now that I trade contracts (very rarely), I keep these five rules on the homepage of my trading software, and I won't change them no matter who advises me.
Leverage should never exceed 3x, preferably 1x.
With 10x leverage, a 10% drop causes liquidation; a 10% drop in crypto is too common. Now I only go up to 3x leverage, even if I'm wrong, I have time to stop loss if it drops 30%.
Stop loss is more important than eating; when it's time, you must cut losses.
In 2021, I traded ETH contracts, lost 10% but was reluctant to cut losses, thinking 'it will rebound and return to profit,' only to see it drop 20% and get liquidated, losing 500,000. Now, no matter how optimistic I am, I set stop losses at 3%-5%, and when the time comes, I automatically cut losses, and even if it rises after cutting, I won't regret it—stop loss is cutting losses; not cutting losses is suicide.
At most, make 2 trades a day; don't act like a 'trading machine.'
When I first started with contracts, I used to make 8 trades a day, spending 20,000 on fees, and earning less than the fees. Now I force myself: at most 2 trades a day; if there’s no opportunity, I stay in cash, and my win rate increased from 40% to 60%.
Contract funds must not exceed 30% of total capital.
I have a total capital of 40 million, with a maximum of 12 million in contracts, and always keep 70% in spot. Even if I lose everything in contracts, I can slowly earn back with spot; this is called 'risk isolation,' a life-saving measure.
After placing an order, I must review it, even if I made a profit; I have to write a summary.
After each trade, I write clearly: 'Why did I buy? Is the entry point correct? Was the stop loss and profit-taking executed?' After six months, I've filled over 300 pages, making fewer and fewer mistakes, and now I can earn steadily with contracts.
Three, essence from three perspectives, condensed into three core points (newbies should remember these three).
1. News section: Don't be a 'news victim'; be a 'news hunter.'
If you get the first-hand news 10 minutes earlier than others, you can earn 10% more. I check foreign media (CoinDesk, The Block) every morning at 7 AM and domestic platforms at night, never trusting 'insider news' from groups.
If good news comes out and the price has already risen, sell quickly; if bad news comes out and the price hasn't dropped, then it might be a buying opportunity (for instance, if regulatory bad news is resolved and the price doesn't drop, it's an opportunity).
A white paper without a team or technical details is 90% likely to be a scam coin; don't touch it; if a project is not open source (not on GitHub), don’t touch it either; it's likely a Ponzi scheme.
2. Technical section: Understand these 3 signals, better than 100 indicators.
Trading volume is the 'pulse of coins': when rising, increased volume = real rise, decreased volume = false rise; when falling, increased volume = real fall, decreased volume = likely bottoming out.
Trends are more important than price: if the 60-day line is rising, even if the price is high, you can buy; if the 60-day line is falling, don't touch it no matter how cheap it is.
Don't chase popular coins: popular coins rise fast but fall faster. Last year's MEME coin craze saw 90% of those chasing it get trapped, while those that nobody paid attention to but had solid technology quietly increased by 10 times.
3. Mindset section: Trading coins is 'anti-human nature cultivation.'
Don't be greedy when it rises quickly, and don't panic when it falls quickly: In 2021, BTC rose to 69,000; I was greedy and didn't sell, then it dropped back to 30,000, giving back 80% of the profit; in 2022, it dropped to 16,000, I panicked and cut losses, but later it rose to 30,000, and I regretted it painfully.
Patience is more important than cleverness: I held onto a coin that stayed flat for 8 months without selling, despite countless urges to do so; in the end, it rose 5 times—only those who can endure are worthy of making money.
Don't use 'living money' to trade coins: I've seen people get loans to trade coins, and then commit suicide after losing; it's too tragic. Use spare money to play; if it drops, it won't affect your meals, allowing you to maintain a stable mindset.
Brothers, trading in crypto is really not about 'the harder you work, the more you earn.' I've seen people who watch the market for 12 hours a day end up losing everything; I've also seen those who watch for 1 hour a day, strictly following the rules, gradually build up to millions.
The core message is: Spend a thousand hours honing your skills, spend a decade maintaining discipline; don’t be greedy, don’t panic, and don’t take on risks you can’t bear. These insights, if you can't remember them today, it's okay; save them and review them before your next order—if it helps you avoid a loss, it’s worth today’s time.
Remember: the crypto world is not short of opportunities; what’s lacking is the ability to 'stay alive to wait for opportunities.'