Don't swipe! First, let me clarify: this is not a show-off post about my account, but rather a 'blood and tears survival manual' I compiled after 5 years of struggling in the crypto world, losing my capital 3 times.
Recently, the backend is full of messages asking, 'Can XX token be chased?' and 'Should I cut losses after the drop?' Watching everyone being led by the market, I suddenly recalled the bear market of 2022. At that time, I was hiding in front of a small desk in my rental room with only 20,000 in capital left, tearing up and recalculating my past trading records. I finally developed a 'stupidly simple' strategy. Looking back now, it was this set of rules that even my mom could understand that helped me roll my 20,000 into 2 million, safely in my pocket.
No insider information, no big players leading the trades, and certainly no all-in gambling mentality. In the crypto market, smart people die quickly, while 'fools' can turn into winners. Today I’m sharing nine hard-earned lessons, each embedded with real monetary lessons.
① The 'hard bone' in the wind and rain must be held tightly
When the market is in despair and others' assets are plummeting, your holdings can remain stable or even rise against the trend—this is not luck; it's the main force 'supporting the bottom'. Just like in heavy rain when everyone else's umbrellas are blown away, only this shop's sign remains unmoved, indicating a solid foundation. When encountering such 'anti-dip players', don't rush to make trades; observe tightly first, and wait for the trend to clarify before adding positions.
② Newbie's lifesaver: Two lines are enough
Friends who just entered the market shouldn't learn MACD or RSI; first, engrave the 5-day line and 20-day line in your mind. For short-term operations, look at the 5-day line: if it stands above, hold on; if it breaks below, leave immediately; if you want to make medium-term arrangements, keep a close eye on the 20-day line: hold if it stabilizes, slip away if it breaks. I've seen too many newbies calculating complex indicators until dawn, only to panic at a slight fluctuation. Remember: simple rules can be executed thoroughly; staying alive is more important than anything.
③ Meat-eating signals: Understand the 'volume-price code' before acting
A real big market doesn't burst out of nowhere; there are traces to follow. When the trend is just forming and hasn't increased in volume, that's the golden window to enter; when it rises with volume, hold on confidently, as this means funds are lifting it; if it retraces in low volume but hasn't broken key lines, don't be scared off; this is just a washout. Once it breaks support with increased volume, don't hesitate to run; if you keep the green mountains, you won't worry about firewood. Some people wait for 'absolute safety' before getting in, but the market never waits for anyone; when it's time to act, don't hesitate.
④ Stop-loss and take-profit principles: Don't fall in love with the market
I have set two strict rules for myself: sell if it doesn't rise for three days, cut immediately if it drops more than 5%. Many people cling to the fantasy of 'just wait a bit longer for a rebound' and end up deep in trouble instead of shallow, ultimately being cut at the floor. Remember, if it's sideways or drops more than 5%, it's not the market testing you; it's sending you an 'escape signal'. Cutting off means reducing potential risk, not the so-called 'opportunity'.
⑤ Oversold rebound: Take profits and don't be greedy
If a certain asset drops more than 50% and continues to drop for 8 days, it likely has entered the 'oversold rebound zone'. Such rebounds are often fierce, like a spring compressed to the limit, but don't mistake the rebound for a reversal. I generally sell in batches after a 15%-20% rebound, never greedily waiting for 'new heights'; the profits in hand are what truly belong to you.
⑥ Only do 'big brother' trades; safety factor doubles
In the crypto market, the leader is always the leader—rising the most when it goes up, and resisting the fall the most when it goes down. Don't touch those 'small transparents'; they may look cheap but lack funding interest, and when they drop, there's no bottom. I only pick the 'big brothers' in mainstream tracks; even buying high and selling high is much safer than bottom-fishing in trash assets.
Buying right is 100 times more important than buying cheap
Some people are always obsessed with 'bottom-fishing', thinking that if it drops a lot, it must be a bargain. But let me tell you, weak assets are like rotten apples; no matter how cheap, don't touch them; eating them will only upset your stomach. The trend is the only direction; even if it's a bit expensive, buying in an upward trend is more reliable than bottom-fishing in a downward trend. I once bought unpopular assets for 'cheapness' and ended up stuck for half a year before cutting losses; this lesson I will remember for a lifetime.
The secret to making money: 30 minutes of review every night
Many people think they are skilled when they make money and blame the market when they lose—this is a big taboo. I spend 30 minutes reviewing after market close every day: Why did I buy today? Was it based on trend or news? Why did I sell? Was it at the stop-loss point or out of greed? What was my emotional score at the time? Writing these down helps distinguish luck from skill, so I won't make the same mistakes next time.
Expert's discipline: 'turn off' when there's no signal
The crypto market is open 24 hours, and many people end up with panda eyes staring at the screen, resulting in disastrous losses from high-frequency trading. True experts understand 'being in cash': when there are no signals, turn off the software; eat when it's time to eat and sleep when it's time to sleep. We make money based on success rate, not trade frequency; frequent trading only pays fees to the platform.
