In these years in the industry, I have seen too many dramatic stories. The "experts" who boast about their profits with screenshots at 3 a.m. disappear into thin air the next day. Retail investors who rush in with their house down payments end up with nothing left. These painful lessons all point to the same truth: winners in the crypto world never rely on news or luck; they succeed by executing the simplest logic properly.

I have discussed this question with several veteran players—how does someone turn 10,000 into 5 million? The answer is actually very simple: less loss = more profit, and as long as you are alive, there is a chance.

**Level 1: Money management is more important than stock picking**

Among ten people who get wiped out, eight die because they "didn't do the math." Have you seen it? Someone goes all-in on a new coin right away, gets excited with a 5% increase, and starts to panic sell at a 3% drop, ending up with less than the transaction fees. That’s real chopping of the leeks.

My approach is this—divide all funds into 5 parts, only use one part at a time. If a single trade loses 10%, I will cut losses decisively; if the entire account drops more than 2%, I stop immediately to reflect. Sounds conservative? But with this method, even if you make five mistakes, your total loss is only 10%. And when the market has a decent rally, you can recover quickly. This is called "survivor’s compound interest," provided you still have ammunition.

**Level 2: Follow the trend, don’t fight against it**

Many people lose money because they operate against the trend. During a downtrend, they always think "the bottom is here," only to buy in halfway up; during an uptrend, they rush to lock in profits but miss the main rally. I often tell people: the trend is like a subway train—when it’s not here, no point rushing; when it arrives, get on, and get off at your station. Don’t always try to pinpoint the exact moment—that’s gambling, not trading.