5911 Trader

I am 32 years old this year, having started trading cryptocurrencies at 22. By 2023-2024, my capital has reached eight figures, and my current lifestyle involves staying at high-end hotels costing around 2,000 yuan, with luggage and hats possibly adorned with cryptocurrency symbols.

I rarely experience troublesome business dealings; I have fewer worries.
The most important aspect of trading cryptocurrencies is a good mindset; technical skills are secondary.
1. In most cases, Bitcoin is the leader of price movements in the cryptocurrency market. Strong coins like Ethereum sometimes move independently of Bitcoin, but altcoins generally cannot escape its influence.

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If you're just starting out in crypto, here's a reality check:

Most beginners lose a major part of their funds within their first few months.

But it’s not due to a lack of intelligence — it’s because they’ve never been taught the critical rules that truly matter in trading.

Here are 5 key rules I wish I knew when I began. Following these can help protect your capital and guide you toward long-term success:

⚔️ Rule 1: Limit Your Losses Early

One of the quickest ways to wipe out your account is by holding onto losing trades, hoping they’ll bounce back.

Markets don’t care about hope. Use a stop-loss before entering a trade and accept a small loss rather than risking a large one.

💡 Pro Tip: Keep your loss per trade under 2–3% of your total funds. Small, controlled losses are part of a smart strategy.

✅ Core Lesson: Cut losses quickly — survival is more important than being right.

📉 Rule 2: Begin With Small Positions

Don’t go “all in” on your first big idea.

Even if you're confident, start with a small amount — around 1% to 2% of your portfolio per trade. Build experience and only increase size after you’ve shown consistent results over time.

🧪 Think of early trades as practice, not profit-makers.

✅ Core Lesson: Grow your position size only after you’ve proven your strategy works.

📘 Rule 3: Log Every Single Trade

Most losing traders never analyze their trades — so they repeat the same mistakes.

Build a trading journal. Record:

📝 Entry & exit points
🧠 Why you entered
📉 The outcome
🔍 What you learned

Over time, this becomes your roadmap to mastery.

✅ Core Lesson: Reviewing your trades helps you grow faster than guessing.

🔐 Rule 4: Focus on Risk, Not Just Rewards

New traders often chase high returns. But that mindset can lead to reckless trades.

Instead, ask:

> “What’s the maximum I can afford to lose if this trade fails?”

This shifts your focus to capital protection, which is what professional traders care about most.

⚖️ If the risk is too high — don’t take the trade.

✅ Core Lesson: Managing risk keeps you in the game long enough to win.

🕰️ Rule 5: You Don’t Need to Trade Daily

Not every day offers good opportunities. Don’t trade just because you're bored.

Many days, doing nothing is the smartest move. Waiting for the right setup is a skill, not a weakness.

🚫 Trading without a plan leads to frustration and losses.

✅ Core Lesson: Patience pays. Sometimes, no trade is the best trade.

🧠 Final Thoughts:

Sticking to these 5 rules can help you avoid 90% of common beginner mistakes.

🚀 The crypto market is full of opportunity, but it’s also full of traps.
📉 It punishes emotion-driven decisions,
✅ But it rewards discipline, patience, and planning.

Master the mindset, and you’ll master the market.

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