On a winter night in Beijing in 2014, the cold wind cut through the window like a knife. I sat on the cold bed of my rented room, my eyes fixed on the glaring red number on my phone screen — a loss of 860,000. That night, I was completely sleepless. The savings I had accumulated over seven years of frugality, along with money borrowed from friends and family, were all thrown into Bitcoin, thinking it would change my fate. But a sudden surge and crash not only shattered my dream of wealth but also left me deeply in debt.
Ten years have passed in the blink of an eye. When my account balance first broke the eight-digit mark, I did not cheer at all; instead, I felt exceptionally calm inside. Because I knew clearly that this was not due to luck, but rather the cost of 'surviving' paid for with ten years of blood and tears. Today, I would like to share the 'survival rules' I have explored over these ten years with everyone.
For those friends whose skills are not top-notch, I sincerely suggest focusing on mainstream coins like BTC or ETH. First, you must identify the big trend — when the upward trend is clear, focus on going long; when the downward trend is obvious, concentrate on going short. Never always think about guessing rebounds, trying to catch bottoms or peaks. As long as the trend hasn't finished, just obediently follow the trend. If you can't see the market clearly, it's better to stare blankly at the screen than to rashly place orders, as blind operations will only put you in a passive position.
Capital management is of utmost importance, which is a rule I repeatedly emphasize when teaching students. It must be divided into three parts:
Use 1/3 of the funds to test the waters at a low position. When the price breaks through a key level, add another 1/3 of the funds, and when the trend is fully favorable, invest the final 1/3 of the funds.
Profits should be taken in batches. When profits reach 20%, first withdraw half of the funds, and set a trailing stop for the remaining portion to ensure that the profits are safely in hand.
Stop losses must be firmly enforced. As soon as losses reach 3%, cut them off without hesitation to preserve the principal and leave room for future large profits.
Last month, I took a student who operated with 600U focused on ETH. Following this strategy, in just three days, his account rose to 1680U. Now, he is no longer eager to earn more money but focuses on repeating this operation because he understands that stable profits are more important than temporary windfalls.
The core of this method is actually very simple, just three points:
Focus on one coin and never get distracted. I have seen someone print out the K-line of ETH and stick it on the wall, insisting on watching it for three hours every day. Three months later, he could tell the approximate fluctuation range of ETH with his eyes closed. To study a coin deeply enough, one must grasp its temperament and patterns.
All plans for entry, adding positions, and taking profits or losses must be written down in advance. Before placing an order, read the plan out loud once to avoid more than 80% of impulsive actions, ensuring that every transaction has rules to follow.
The profit-loss ratio must be favorable, at least reaching 1:2. Even if you are wrong three times out of five operations, as long as the two correct ones can earn back double the losses, you will still be profitable in the long run. This is the power of probability.
To put it bluntly, this kind of gameplay is not suitable for gamblers. Those who hope to double their money overnight cannot withstand the long periods of sideways fluctuations. They often lose their rationality amidst market fluctuations and end up with nothing. It only suits those who can be patient, maintain discipline, and are willing to gradually grow their accounts.
Is it better to continue stumbling around in various so-called 'opportunities', ultimately gaining nothing or even suffering heavy losses? Or should you calm down and thoroughly understand one coin to master stable profit methods? Once you understand this question, you will know how to choose.
If you are also confused in the cryptocurrency market, eager to find a suitable operating method, you might want to try the experiences I share. Perhaps it will not make you rich overnight, but it can help you survive better in this risky market. If you have any questions about the details, feel free to communicate with me, and let's move forward steadily in this market together.
