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Don't remind me again today

#隐私币生态普涨 chatted with a few people in the circle, and someone remarked: being in this circle for a long time changes one’s sense of time.



The speaker has been in the cryptocurrency space for seven years. In the early days, he did some small business and saved up 400,000 to buy a new house for his family. As a result, he got caught up in the booming concept of the metaverse, and at that time, new coins were emerging one after another; he got excited and jumped in with 3x leverage.

In less than a year and a half, I liquidated my position twice. In the end, there was only a little over three thousand left in the account.

One time, a family member called and asked how the business was doing. He held the phone and couldn't speak, quickly switching off the trading interface. During that time, he almost wanted to quit.

The turning point was quite sudden. While sorting out the old account books, he found the trading records tucked inside. Next to each loss was a note - "The teacher said it could rise" and "The group shouted to buy the dip." It was only upon seeing these that he realized: relying solely on others' news and his own intuition was fundamentally unsustainable.

After that, he set a few strict rules for himself, wrote them down, and posted them on the wall.

**Rule One, Don't Touch the News.** Set a stop-loss line at 5%, sell when it touches the line; if profits exceed 15%, directly take out one-third and convert it into stablecoins. In the past, whenever someone in the group shouted "This coin is going to soar," he would immediately follow suit. Now, even if a friend promotes a new Web3 project, he has to first see if there is any real application. Last year, there was a coin that ultimately dropped by 75%, luckily he didn’t make any moves.

**Rule Two, Don’t Be Greedy.** In the past, I had seven or eight cryptocurrencies in my account, and just watching the market made my head spin. Now, I only look at BTC and ETH. The standard for selecting coins is "Double Volume Breakout"—both trading volume and open interest must increase simultaneously, and it must break through key levels; otherwise, I won't touch it no matter how popular it is. Last year, ETH met the criteria, and after I built my position, I made a steady 20% profit.

**Rule three, stay calm after making a profit.** He set a rule: if he makes over 60%, he stops for two days. When the market was good in 2023, his account more than doubled, and he almost bet all his money. Fortunately, he forced himself to stop at that time, took a breather, and avoided the subsequent crash.

Now he spends half an hour reviewing every day, but his mindset is different. No matter how fast the pace of the crypto world is, it has to follow his own rules.
BTC2.26%
ETH4.83%
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TommyTeachervip
· 5h ago
The old suckers have evolved into sickles. The tuition wasn't paid in vain.
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gm_or_ngmivip
· 13h ago
You should buy some Maotai to ease your nerves.
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TokenTherapistvip
· 13h ago
400k becomes 3k, how dare you even write that out.
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not_your_keysvip
· 13h ago
Suckers have turned into old suckers.
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VitaliksTwinvip
· 13h ago
The lessons learned through blood are all bought with money.
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MEVHunterBearishvip
· 13h ago
What is a double breakout? Just keep an eye on Bitcoin—it's that simple.
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ParallelChainMaxivip
· 13h ago
It's just the inevitable path for leverage players.
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MysteryBoxBustervip
· 13h ago
It's killing me to see this. A single order hits 400,000, truly ruthless!
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