Nine years, turning 1,000U into 30 million—these nine rules are what kept me in the game.
I once lost my entire 200,000 in starting capital in a single day. I got liquidated, fell into debt, and at my lowest point, even when I was trying to sleep, all I could think about was how to pay it back.
Later, I started over with the 1,000U I had left. It took nine years to finally understand:
If you want to make big money in crypto, first learn how not to lose big money.
Here are nine rules worth revisiting again and again.
1. If your capital is small, don’t get greedy.$BTC
Just make one trade a day that you understand.
Don’t go all in or expect to turn your life around overnight.
2. When good news breaks, don’t rush to chase the price.
The price may have already gone up before the news came out.
Be careful of profit-taking when the price spikes.
3. Reduce your positions before major announcements.
For jobs reports, CPI, and rate decisions, stay on the sidelines if the direction isn’t clear.
4. Keep your position size small for medium- and long-term trades.
The longer you hold, the more can change.
If your position is too large, you can easily get shaken out along the way.
5. For short-term trades, only trade with the trend.$ETH
Look for pullbacks in an uptrend and wait for a rebound in a downtrend.
Sit out when the market is choppy. Don’t overtrade.
6. Learn to read the rhythm of price movements.
Don’t rush to short a slow climb, and don’t blindly chase a sudden surge.
Be especially wary of a pullback after a prolonged, sharp rally.
7. If you’re wrong, admit it. Don’t stubbornly hold on.
When your stop-loss is hit, get out.
Don’t let a short-term loss turn into a medium-term loss, or a medium-term loss into a long-term one.
8. For short-term trading, watch the 15-minute chart more closely.
Consider volume, the trend, and key levels together.
Indicators are just a tool—don’t treat them as gospel.
9. Stop trading after a string of losses.
Don’t get carried away when you win, and don’t rush to make your money back when you lose.
If you’re not in the right state of mind, close the app.
My biggest takeaway from these nine years comes down to one thing:
Technical skill determines how much you can earn; risk management determines how much you get to keep.
There’s no shortage of people who make a fortune in crypto.
What’s rare are people who can hold on to their money after making it.
Survive first. Only then have you earned the chance to turn things around.
I once lost my entire 200,000 in starting capital in a single day. I got liquidated, fell into debt, and at my lowest point, even when I was trying to sleep, all I could think about was how to pay it back.
Later, I started over with the 1,000U I had left. It took nine years to finally understand:
If you want to make big money in crypto, first learn how not to lose big money.
Here are nine rules worth revisiting again and again.
1. If your capital is small, don’t get greedy.$BTC
Just make one trade a day that you understand.
Don’t go all in or expect to turn your life around overnight.
2. When good news breaks, don’t rush to chase the price.
The price may have already gone up before the news came out.
Be careful of profit-taking when the price spikes.
3. Reduce your positions before major announcements.
For jobs reports, CPI, and rate decisions, stay on the sidelines if the direction isn’t clear.
4. Keep your position size small for medium- and long-term trades.
The longer you hold, the more can change.
If your position is too large, you can easily get shaken out along the way.
5. For short-term trades, only trade with the trend.$ETH
Look for pullbacks in an uptrend and wait for a rebound in a downtrend.
Sit out when the market is choppy. Don’t overtrade.
6. Learn to read the rhythm of price movements.
Don’t rush to short a slow climb, and don’t blindly chase a sudden surge.
Be especially wary of a pullback after a prolonged, sharp rally.
7. If you’re wrong, admit it. Don’t stubbornly hold on.
When your stop-loss is hit, get out.
Don’t let a short-term loss turn into a medium-term loss, or a medium-term loss into a long-term one.
8. For short-term trading, watch the 15-minute chart more closely.
Consider volume, the trend, and key levels together.
Indicators are just a tool—don’t treat them as gospel.
9. Stop trading after a string of losses.
Don’t get carried away when you win, and don’t rush to make your money back when you lose.
If you’re not in the right state of mind, close the app.
My biggest takeaway from these nine years comes down to one thing:
Technical skill determines how much you can earn; risk management determines how much you get to keep.
There’s no shortage of people who make a fortune in crypto.
What’s rare are people who can hold on to their money after making it.
Survive first. Only then have you earned the chance to turn things around.