After nine years of struggling in this circle, from getting liquidated to breaking ten million in my account, I have condensed my blood and tears lessons into ten survival rules. Mastering these, you can at least live longer than 80% of people.
**First, let's talk about the market makers.** When the market crashes, why does a certain coin refuse to drop? Don't be foolish and stunned, this is the main force defending the price. Hold on tight, you'll thank yourself for today when the price rises later. Coins like BTC often serve as a barometer.
**How to view the technical side?** Newbies don't complicate things, just focus on the 15-minute and daily charts. Enter when the price breaks above the key level, and exit quickly if it breaks below, don't hesitate.
There's another tough strategy - **if a coin doesn't move for three days, just swap it out!** Losses over 5%? Cut your losses and leave, don't hold onto false hopes. I've seen too many people who couldn't let go, only to see their investments halved and halved again.
**Be cautious about bottom fishing.** After being cut in half at a high position and falling for nine consecutive days, some coins do have a rebound opportunity, but it doesn't always work. The real logic for making money is to follow the trend; some coins, when they start to drop, really have no bottom.
**The leader effect always exists.** The ones that rise the most during a market trend are usually the sector leaders. Like SUPER, capturing it means visible profits.
**Mindset management is more important than technology.** It's easy to get carried away after making money, and easy to panic after losing money. Remember, continuous profit is the goal, not getting rich overnight. When unsure, it's better to stay in cash and observe than to blindly incur losses a hundred times over.
**Be extra cautious with new coins.** Market sentiment changes quickly, and projects without practical applications will leave a mess after the hype.
**Finally, let's talk about the essence.** The value of a coin comes from consensus; a group of people who share the same vision drives the project, and wealth will follow. Projects like IRYS, which have ecological support, are worth paying long-term attention to.
These experiences are earned with hard work. Step by step, you are not far from financial freedom.
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AlphaWhisperer
· 11-27 12:51
Nine years from getting liquidated to ten million, this experience is indeed heart-wrenching, but I still haven't learned that stop loss lesson, haha.
After nine years of struggling in this circle, from getting liquidated to breaking ten million in my account, I have condensed my blood and tears lessons into ten survival rules. Mastering these, you can at least live longer than 80% of people.
**First, let's talk about the market makers.** When the market crashes, why does a certain coin refuse to drop? Don't be foolish and stunned, this is the main force defending the price. Hold on tight, you'll thank yourself for today when the price rises later. Coins like BTC often serve as a barometer.
**How to view the technical side?** Newbies don't complicate things, just focus on the 15-minute and daily charts. Enter when the price breaks above the key level, and exit quickly if it breaks below, don't hesitate.
There's another tough strategy - **if a coin doesn't move for three days, just swap it out!** Losses over 5%? Cut your losses and leave, don't hold onto false hopes. I've seen too many people who couldn't let go, only to see their investments halved and halved again.
**Be cautious about bottom fishing.** After being cut in half at a high position and falling for nine consecutive days, some coins do have a rebound opportunity, but it doesn't always work. The real logic for making money is to follow the trend; some coins, when they start to drop, really have no bottom.
**The leader effect always exists.** The ones that rise the most during a market trend are usually the sector leaders. Like SUPER, capturing it means visible profits.
**Mindset management is more important than technology.** It's easy to get carried away after making money, and easy to panic after losing money. Remember, continuous profit is the goal, not getting rich overnight. When unsure, it's better to stay in cash and observe than to blindly incur losses a hundred times over.
**Be extra cautious with new coins.** Market sentiment changes quickly, and projects without practical applications will leave a mess after the hype.
**Finally, let's talk about the essence.** The value of a coin comes from consensus; a group of people who share the same vision drives the project, and wealth will follow. Projects like IRYS, which have ecological support, are worth paying long-term attention to.
These experiences are earned with hard work. Step by step, you are not far from financial freedom.