In the floor-to-ceiling windows of the Shenzhen Bay office building, I pointed to two lit-up buildings not far away while video chatting with fans: "The one on the left is a tea room for my old man, and the one on the right is reserved for my wife to binge-watch dramas." The comments were flooded with 'The boss is leading us,' but no one knew that eight years ago, when I entered the crypto space with a capital of 150,000, I hesitated for half a day even to order a 30-yuan takeout.
As an analyst who has survived three waves of retail investors in the industry, the phrase I say most often is: "Don't mistake luck for skill; those who can truly make money are the 'honest people' who are willing to put in the hard work." This isn't just motivational talk; it’s a lesson I learned when I was down to only 50,000, surviving on instant noodles and dark circles under my eyes.
In the first six months after entering the market, I chased hot trends like I was on adrenaline—when others said a certain token was going to a mainstream platform, I went all in overnight; when 'insider news' circulated in the community about a surge, I borrowed money to increase my position. What was the result? I never saw the mainstream platform and only received the announcement that the project team had absconded; the surge I anticipated never came, but instead, I was met with a 'free fall' in my account balance. Looking at the remaining 50,000 in capital, I squatted in the hallway of my rental apartment, smoked half a pack of cigarettes, and finally realized a truth: the 'quick money' in the crypto circle is mostly a trap wrapped in candy.
From that day on, I completely abandoned the fantasy of 'getting rich overnight' and established a set of 'anti-human nature dumb rules' for myself. Surprisingly, it was this set of seemingly foolish methods that turned my bottom position into 200 times in 4 months during a market wave, netting me 20 million. Today, I'm sharing 8 crucial tips from my treasure chest; beginners, remember these, they are much more useful than spending tens of thousands on tuition:
1. Mindset is 1, skills are all 0. I've seen too many people get carried away when prices rise or panic when they drop, trembling with their phones in hand; how can you talk about precise operations? Before the market opens, I must have a cup of tea, looking at green plants for 10 minutes to steady my heartbeat. Whenever my breathing returns to normal, I check the market again. Remember: the market is always there; those who lose their composure are the first to exit.
2. With less money, you need to be more 'stingy'; don't be a 'scatter-giving child'. Beginners often feel that with a small principal, they need to trade more frequently. By the end of the year, they chase prices dozens of times, resulting in fees exceeding profits. When I had little capital early on, I focused on 1-2 definite market waves for the year, always keeping 30% of my position in cash. It's like hunting; you have to hold your bullets tightly to hit big prey, instead of wasting ammunition on small sparrows.
3. The larger your cognitive circle, the larger your profit circle. Don't touch assets you don't understand! I've seen people buy coins without even finishing the white paper; what's the difference from blindly grabbing for prizes? I recommend beginners practice on a simulated account for 3 months to understand the basics like candlesticks and moving averages. In real trading, only deal with assets where you can clearly articulate the logic. Make money that you understand, and you'll sleep soundly.
4. For medium to long-term positions, leave some 'emergency funds'; don't walk yourself into a dead end. Many people get greedy and go all in when prices rise, and panic and cut losses when they fall; the root cause is that they have no reserves. My approach is to sell in batches when prices rise, selling a portion every 20% increase; when prices fall, I buy slowly, adding a bit whenever the drop exceeds 15%. Having liquid funds is like holding cards in your hand; you have room to maneuver in whatever way you play.
5. For short-term trading, only recognize the 'traffic password'—trading volume. Don't believe in 'stories' for short-term trades; just look at the trading volume. I have a strict rule: if the trading volume of a certain asset is less than 20% of the average volume over the past month, it goes straight onto my blacklist. Assets with poor liquidity are like deserted markets; when you want to sell, you can't find any buyers and can only be trapped inside 'standing guard'.
6. A sharp drop is a 'shock', while a slow drop is a 'real kill'. Beginners often mistake a sharp drop for a crash, hurriedly cutting losses at the floor. I've summarized that sharp drops are mostly caused by emotional panic, like people jumping when startled, but they quickly bounce back; however, a gradual drop, day after day, is the real sign of hopelessness. If you grasp this rhythm, you'll be smarter than 80% of retail investors.
7. If the direction is wrong, 'cut your hands'; don't be a 'sentimental type'. I set strict stop-loss lines; once losses exceed 10%, no matter how reluctant, I exit immediately. Once, when an asset I bought suddenly plummeted, I cleared my position as soon as it hit my stop-loss line. That evening, news broke about the project team committing fraud, which helped me preserve my capital. Remember: as long as your capital is intact, there is always a chance of a comeback; stubbornly hanging on will only strip you of the qualification to turn things around.
8. Focus tightly on the 15-minute line for short-term trading, and don't use a 'sentimental filter'. For short-term trades, I only look at the 15-minute candlestick chart, using the golden and dead crosses of KDJ and MACD to find buy and sell points, completely devoid of personal emotions. Once, I was particularly bullish on a certain asset, but the indicators didn't give a buy signal for three days. I stubbornly waited and finally entered at the best point, making a 30% profit before decisively exiting. Indicators are a thousand times more reliable than your 'feelings'.
Now my assets are stable in the eight-figure range, and every day, besides analyzing the market, I spend time with my family drinking tea and taking walks. Fans often ask me, 'Big shot, is it still too late to enter the market now?' My answer is always, 'It's never too late, but don't come with a gambler's mentality.'
The crypto circle has never been a casino; it is a battlefield that tests cognition and patience. Those shouting 'all in for a big win' have mostly become cannon fodder for the market; while those willing to settle down and put in the hard work, following the rules, are the ones who can laugh until the end.
