In the waves of the crypto world, I have experienced countless turmoils and attempts.

Every rise and fall is fresh in my memory, documenting my growth and transformation.

At first, I was like everyone else, a novice entering the crypto world, passionately chasing every seemingly enticing opportunity. Chasing highs and selling lows, randomly jumping into low-quality coins, trusting others' words, each turmoil cost me dearly.

However, it is precisely these failures that gradually made me realize the cruelty and ruthlessness of the market, and let me understand that turmoil only establishes my own cognition. Today, I share some of my experiences with you, hoping to help you.

How can small funds grow large?

Once you have determined the steering wheel...

You must adhere to one principle: love black swans and embrace extreme days.

Use your fear to buy the coins you have researched.

Remember that your goal is to be achieved in a bull market, and your seeds should be planted in a bear market. This way, you won’t feel anxious in a bull market because your cost basis is advantageous. You won’t chase highs or frequently change holdings.

A good project deserves ample time.

For example, SOL once had its lowest price on the day of the black swan, and last month IMX also reached its lowest price on the day of the black swan. At that time, everyone thought they couldn't buy, and most people in the market were cursing. But today, as it has risen, everyone sees it positively. In fact, SOL has not changed; what has changed is human nature.

The core of how I achieved my first goal lies in 0️⃣ cost basis holding.

1️⃣ Everything must have a plan. Stick to buying coins at buy points. If there’s no buy point, don’t buy for a long time. Opportunities don’t belong to you, so why force it? When buying coins at a buy point structure, even if they lose, it is still dignified.

2️⃣Underlying logic: Watch the coins you believe in make money. Check in regularly and keep track of recent project changes. It's important to maintain strong beliefs.

3️⃣ For example, persist in buying IMX on bullish days and at weekly buy points.

After buying, if it drops suddenly by 30%, the time cost is very high. However, if there are no major issues with the fundamentals, and the data hasn’t changed significantly, technically it has reached the planned position. I ignore the noise and continue to buy. At this point, I will resolutely execute the strategy in a pyramidal manner, continuing long-term investment. My principle, have you noticed? I only accumulate by buying at the left side of the valley, buying on bearish days, and buying on fearful days.

4️⃣ Cost basis holding.

Many people easily fall into the pleasure of dopamine. When a large bullish candle rises by 100%, they are reluctant to take profits, only to see it drop back to the starting point. Without prior expectations, they want more after it rises. One cannot have it both ways. Once reaching a target, with a selling structure, important pressure points, or whale data, I will take profits. But I always do it in batches. When there’s a selling structure, I will take profits. The biggest principle is that when flipping, I must ensure I at least break even.

5️⃣ Formulate a strategy that suits you.

Follow the strategy set for entry. Some assets should be bought only during bearish days, buying on fearful days. During the process, do not doubt your initial choices; otherwise, you will be defeated by fear.

Some are speculative, and some can be held for the long term.

This point requires you to formulate a trading plan based on your own situation.

Then execute according to your trading plan.

A major taboo during the process is not to change strategies during trading.

Also, do not modify strategies during trading.

When it’s time to buy, some subjectively think it will drop further and hesitate.

Of course, I will also miss opportunities.

With a vast sea of water, only take a sip.

Do not only buy one highly volatile coin.

Sometimes, do not fall into the thinking of 'escaping the top and catching the bottom.' This is actually very dangerous. It can create a habitual mindset that often misses swings and leads to anxiety.

Once you buy, maintain patience.

Wealth is always transferred from the impatient to those who are calm inside.