Want to make a living from trading cryptocurrencies? Remember these 8 rules to avoid three years of detours

Let me tell you a true story first.
I know a guy nicknamed "Iron Head." He started trading crypto in 2020, back then he was just laid off from his company, only had 20,000 yuan left in his pocket. His wife said if he keeps losing money, he might as well sleep under a bridge.
Iron Head did something very counterintuitive — he didn’t go all-in, nor did he play with shitcoins. He spent three months drawing weekly charts of the top 100 coins. After finishing, he said: There are only two types of people making money in the crypto world — lucky ones and disciplined ones. We can’t control luck, but discipline we can.
Then he set eight strict rules for himself, unbreakable.
Rule 1: When a strong coin drops for 7 consecutive days, try a 5% position — don’t buy the dip, just test the waters.
Why? Because truly strong coins won’t have a correction longer than 10 days. If you buy on day 7, you’ll either catch the rebound or cut losses quickly.
Rule 2: For coins that rise for two days in a row, sell half at the open on the third day.
Especially those that pump in the middle of the night — they’re likely to crash during the day. Iron Head summarized this after losing three times.
Rule 3: Don’t chase a coin that surges over 10% in a single day the next day.
He calls this “not eating the tail,” leaving the remaining profit for the big players and newcomers.
Rule 4: Remove coins that have been sideways for over 5 days with less than 5% volatility.
The probability that a coin that stays flat for a long time will drop is much higher than it will rise, especially altcoins.
Rule 5: If you buy a coin today and it doesn’t return to your cost price by the close of the next day, sell immediately.
Don’t wait, don’t ask — your principal is worth more than those little fantasies.
Rule 6: Trading volume is a thousand times more important than the K-line.
Breakouts on high volume can be watched, but shrinking volume at new highs is often a trap. Iron Head keeps notes on small profits, and 70% of missed opportunities are caused by shrinking volume traps.
Rule 7: Only trade coins whose 30-day moving average is trending upward.
If the 30-day MA is down, don’t touch even good news. In a bull market, those who lose money are the ones “bottom-fishing” in a downtrend.
Rule 8: Don’t spread your small funds across multiple coins — focus on one track.
If you have 100,000 yuan, buying ten coins isn’t as good as buying two. Iron Head used to only trade Bitcoin and Ethereum with 20,000 yuan, and only diversified after doubling to 40,000.
Thanks to these 8 rules, Iron Head turned 20,000 into 800,000 in two years. Not a big shot, but he truly makes a living trading — now full-time, working just two hours a day, taking his kid to the park in the afternoon.
He once said something funny: “You think I’m trading crypto, but actually I’m competing with my own hands. Set the rules, keep your hands steady, and the money will come.”
Finally, a practical tip:
Don’t always chase 100x coins. First, go a month without losing money, then talk about profits.
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