As a full-time crypto trader, I always keep in mind the 10 iron rules of the crypto world, worth watching 100 times, must be remembered!
I have been trading for 16 years now. In the first 3 years, I entered the market with a capital of 200,000, lost it down to 10,000, and all my relatives and friends advised me to give up, thinking that my trading was the most foolish method, neglecting family, lacking ambition, etc.!
I have been insulted with the harshest words! At that time, I really almost gave up, looked down on myself!
But I am not willing to give up, I swore to my family to use the last 10,000 to give myself another chance! Then I continued to calm down and explore, and later I...
With the remaining 10,000 capital, I earned 2.75 million in 3 years!
No bragging! Once you truly summarize your own method, and strictly follow it, you will definitely be able to turn things around!
In the crypto world, the ten stages of trading are legendary:
Level 1: Just entered the crypto market, ambitious and full of passion! Holding 1000 USDT, dreaming of making a big splash.
Level 2: Obsessed with buying and selling every day, deeply believing in what the big influencers say.
Level 3: Slowly feeling that money is not so easy to earn, losing more than gaining, and the words of big influencers are not so effective. So I began to learn to analyze news, but later found it was all a trap, leading to doubts about value investing.
Level 4: Evolved from a novice to a trader, starting to analyze coins and study technical indicators. Gradually can make small profits, but most of the time it is a loss, with a mix of short and long trades, operations have become chaotic. The more one understands, the less money there is, leading to self-doubt.
Level 5: New traders become seasoned traders, starting to develop their own understanding of the market, but at the same time falling into new confusion, easily doubting how to act, how to err, and gradually losing their mindset.
Level 6: Through continuous practical trading, developing one's own trading model, able to earn more and lose less, gradually controlling mindset.
Level 7: No longer look at any technical indicators, starting to observe the 'momentum', the rhythm, the emotions, slowly exploring one's own 'way'.
Level 8: Has a unique trading model, strict discipline, holding coins in hand while having no emotional fluctuations inside, moving freely in and out.
Level 9: No longer obsessed with trading, treating the crypto space as a stable investment venue, most interested in studying narratives and philosophy. At this point, one has understood that investing is a principle of life!
Level 10: Nothing is everything! I am currently at level 10, directly not participating in the secondary market but going to the primary market, ambushing Marvin, enhancing community promotion with the concept of Elon Musk, currently having an 8-fold unrealized gain. What level are you on?
In the ups and downs of the crypto world, I have been through 10 springs and autumns.
From an initial capital of 50,000 entering the market, to now being able to support my family through trading, I have experienced countless twists and turns along the way.
Today, I am willing to share the hard-earned experiences of these years, hoping to provide you with some insights as you strive on this path.
First of all, managing funds is crucial. I always insist on dividing my funds into several parts, only investing a small portion for each trade.
The benefit of doing this is that even if the judgment is wrong, it will not cause too much impact on the overall funds.
At the same time, strictly set stop-loss points; once reached, decisively exit, never cling to the battle.
This steady operation method can maintain calm amid multiple market fluctuations, avoiding getting stuck in deep positions.
Secondly, the importance of going with the trend; in the crypto space, the trend is everything.
During a downtrend, every rebound may be a trap to lure more buyers.
During an uptrend, every pullback may be a good buying opportunity.
Learn to follow the market trend, do not easily go against it, and capture profitable opportunities in multiple trades. Moreover, always be vigilant about coins that experience short-term surges.
This type of trading often carries extremely high risks; once the best buying opportunity is missed, it is easy to get stuck at high positions. Focus on those coins that rise steadily and have great potential; they may not make you rich overnight, but they are stable and reliable. Utilize technical indicators for auxiliary judgment during trading.
MACD, volume-price relationships, etc., are tools I often use. They help better grasp the market rhythm and find the best timing for entry and exit.
Persist in reviewing and summarizing trades every day, reflecting on them, and continuously optimizing one's trading strategy. Avoid blindly following the crowd.
Everyone has their own trading style and rhythm; one should not blindly imitate others. Only by finding a trading method that suits oneself can one stand firm in the crypto space.
Ten years of trading experience has made me deeply realize that trading is not only a contest of skill and intelligence, but also a test of mindset and perseverance. Only by maintaining calm and operating steadily can one go further in the crypto space.
I hope my experiences can help you, allowing you to avoid detours on this path and gain more composure and confidence.
