In my early years, I started with a principal of 50k and gradually grew it to 302k in the first two years, stabilized at 590k in the third year, and completely lost control in the fourth year — by August, my account reached 3.78 million, and by November, it exceeded 7 million.

Back then, I was impulsive, quit my stable job, borrowed money to leverage, and always thought "luck will keep on my side." As a result, when the financial crisis hit, I not only lost all my profits but also took on debt. In the end, I had to sell my house to pay off the debt, and my family almost fell apart. It was only during the lows that I woke up: all my previous gains were just luck, not skill.
After that, I didn’t make reckless trades for three years. I spent days and nights reviewing and summarizing, finally turning things around with a practical trading logic. These six core principles can avoid 80% of the pitfalls:
1. Don’t be a “coin collector.” I used to hold dozens of niche coins, most of which went to zero. Later, I learned that three core strategies are enough: hold BTC for long-term to avoid missing out, trade ETH on swings with moderate volatility, and pick one strong sector leader (like AI, RWA). It’s much more reliable than random buying.
2. Stop when emotions run high. Once, during a surge of liquidations across the internet, I didn’t stop trading and lost 200k in a day. Now, I set strict rules: if liquidation numbers are high, or three big green candles hit the hot search, or amateurs follow the trend and buy, I stop and cool down for two hours. It saves me a lot of losses.
3. Position size is a life line. In the early days, I went all-in, and during a crash, I didn’t even have money to add. Now, I maintain fixed positions: 50% USDT for emergencies, 30% quality coins for long-term holdings, and 20% for short-term quick trades. Keeping capital intact gives me a chance to turn things around.
4. Take profits and cut losses without illusions. I used to add more when prices dropped 10%, only to get stuck in despair. Now, I follow strict rules: lock in profits by selling half when up 10%, fully exit at 20% gains, and wait for logical support before re-entering on a 5% dip. If it drops 10%, I close immediately and reflect—no holding through losses.
5. Master the basics within a week. When I first entered the market, I bought blindly and lost badly. Later, I summarized three steps: look at daily candlestick charts + MA10/MA30 to find support and resistance; fake breakouts happen when volume increases but price doesn’t rise; don’t chase after coins that surge at the end of the day—understand the market within a week.
6. Build positions like preparing for battle—gradually. I used to go all-in with 3,000 yuan, panicking at the first dip. Now, I start with a base of 900 yuan, add another 900 on support dips, increase by 600 on breakouts, and keep 600 in reserve for sudden drops. It’s about rhythm, not speed.
The crypto market is never about luck. Stick to discipline,