A trader I really like—sharing her insights:

It took 1 year and 9 months to grow a live account from 50k to 1亿, a 2,000x gain. In the same period, BTC also rose from 30k U to 120k U, setting new highs one after another.

Looking back, the whole journey has been fairly smooth. Thanks to strict position management and risk control, I only experienced one major drawdown during this time. After breaking 10 million, most of the returns came mainly from swing trading BTC, ETH, SOL, and the like, supported by relatively high leverage—achieving excess returns. Most of the profits came from this year.

The crypto market never lacks geniuses; in every cycle, new “gods” are born, and circumstances make heroes. But in this market, more important than getting rich overnight in the short term is how to survive long term. You must make sure you stay at the gambling table until you’ve cashed out your goals. As more institutions enter in the future, the difficulty of trading will only increase. I suggest everyone cherish this rally before the rate cuts so you can reach your goals sooner and exit calmly.

I have a lot I want to say, and I’ll share it little by little going forward. To start, let me briefly explain why I can lose a little in the down cycle but make big gains in the up cycle:

1. Don’t add to positions when they’re at a floating loss; add when they’re in floating profit
When your position is trapped, never add to “drag down” the cost basis. You can choose to hold the position (as long as you have sufficient conviction about the future trend), but you must never add to it. Conversely, only when you’re in floating profit should you break out and add positions, and set a stop-loss that protects capital to lock in a safety cushion.

2. Stay clear-headed during favorable periods; know how to take a rest during unfavorable ones
Everyone will encounter market conditions that suit them, but don’t treat a phase as permanent. Overconfidence often leads to major drawdowns—my several big drawdowns/blowups all came from this. When the market direction diverges from your expectations, you need to know when to take an appropriate rest and adjust your own condition.

3. Mute outside noise and build your own trading system
Most people’s problem is that they’ve watched countless analyses but don’t dare to open positions, or they can’t hold onto their trades. The root cause is a lack of confidence. You need to form your own trading logic—then, through real trading practice, summarize and learn the strengths of excellent traders to optimize your take-profit and stop-loss strategy, rather than relying on outside noise.