At three in the morning, staring at a liquidation notice, I glared at the ceiling until dawn. In the end, only a few hundred U were left in my account. That was when I finally understood: $BTC
Surviving in crypto doesn’t take some secret formula. It all comes down to strict rules.
When I first got into the business, I’d stay up until midnight every day, and my account just kept shrinking. If the price shot up, I was afraid of missing out; if it crashed, I couldn’t bring myself to cut my losses. Eventually, I locked in a few rules for myself:
Keep position sizes capped. If losses hit a certain level, get out—no excuses. Think about how to survive first, then how to make money.
A lot of money isn’t made by trading; it’s made by waiting. I used to place a dozen trades a day, running myself ragged, and still didn’t make enough to cover the fees.
Now I only trade when I understand what’s going on. If I don’t, I stay out. At most two trades a day—the third is usually just me getting carried away and handing over my money.
A few mistakes can hurt for half a year: adding to a position against the trend to lower your average cost, getting greedy and not taking profits, and stubbornly holding onto losing trades instead of admitting defeat. The most expensive thing in crypto has never been the tuition—it’s wishful thinking. With the same 100,000 in starting capital,
some people go all-in with leverage and lose everything, while others trade small with stop-losses and patiently grind it out. After a year, their accounts can end up growing bigger and bigger.
After all these years, I’ve boiled it down to six words: spare money, discipline, patience. And never touch these other six words: go all-in, hold losing trades, gamble with your life. As long as your capital is intact, there will always be another opportunity.
Surviving in crypto doesn’t take some secret formula. It all comes down to strict rules.
When I first got into the business, I’d stay up until midnight every day, and my account just kept shrinking. If the price shot up, I was afraid of missing out; if it crashed, I couldn’t bring myself to cut my losses. Eventually, I locked in a few rules for myself:
Keep position sizes capped. If losses hit a certain level, get out—no excuses. Think about how to survive first, then how to make money.
A lot of money isn’t made by trading; it’s made by waiting. I used to place a dozen trades a day, running myself ragged, and still didn’t make enough to cover the fees.
Now I only trade when I understand what’s going on. If I don’t, I stay out. At most two trades a day—the third is usually just me getting carried away and handing over my money.
A few mistakes can hurt for half a year: adding to a position against the trend to lower your average cost, getting greedy and not taking profits, and stubbornly holding onto losing trades instead of admitting defeat. The most expensive thing in crypto has never been the tuition—it’s wishful thinking. With the same 100,000 in starting capital,
some people go all-in with leverage and lose everything, while others trade small with stop-losses and patiently grind it out. After a year, their accounts can end up growing bigger and bigger.
After all these years, I’ve boiled it down to six words: spare money, discipline, patience. And never touch these other six words: go all-in, hold losing trades, gamble with your life. As long as your capital is intact, there will always be another opportunity.