Having navigated the crypto world for so many years, I've seen too many people come in with dreams of getting rich, only to leave disheartened after half a year. It wasn't until later that I realized, the ones who truly survive here never rely on luck; they depend on a set of effective survival rules.
Frequent liquidation for beginners isn't because they're not smart enough, but because their mindset is blown away by the rush to make money; seasoned traders who make profits year after year aren't some chosen ones—they simply treat discipline as their life, never crossing the bottom line. After stepping on countless pitfalls over the years, I’ve summarized 7 hard rules, which boil down to one core principle—survive and exit during bull and bear transitions.
**Rule 1: If you can't understand the big trend, just wait with your eyes closed.** Use the daily chart to determine the main direction; only look for entry opportunities on shorter timeframes. Once the direction is reversed, no matter how good your trading skills are, it’s useless.
**Rule 2: Don't hold cash if the direction isn't clear enough.** Trading with the trend is the cheapest way; if you insist on fighting against the market, you might win once or twice, but in the end, you'll just give that money back.
**Rule 3: Don't touch coins with no volume or attention.** Short-term trading is essentially a game of funds; if there's no trading volume or no one paying attention, your every move is just paying transaction fees.
**Rule 4: Think through every trade beforehand.** Know your entry point, stop-loss level, and target price in advance. Going in impulsively will 99% result in losing your principal—emotional trading.
**Rule 5: Only be responsible for your own judgment.** No matter how chaotic outside opinions are, it’s useless. When you lose, no one will carry the burden for you. Others' views are just references; the final decision is yours.
**Rule 6: Choose the direction first, then pick the coin.** If the overall trend is correct, even if you pick the wrong coin, you can still turn things around; if the trend is wrong, no matter how good the coin is, it won't save you.
**Rule 7: Stop after big gains or big losses.** At this point, emotions are most chaotic and win rate is lowest. Staying calm for a day is a hundred times more reliable than forcing another trade.
Trading isn't about talent; it's about systems, discipline, and whether you can truly execute. If these 7 rules are properly implemented, losses will significantly decrease, and profits will gradually come. I used to drift like a rootless floating object in the crypto world, but now I hold the helm tightly. The boat is here—think carefully whether you want to get on.
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WhaleStalker
· 4h ago
Exactly right, but most people simply can't follow the fourth rule; they act impulsively without thinking.
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TokenRationEater
· 4h ago
Basically, it's about execution. What I fear the most right now is acting on impulse.
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metaverse_hermit
· 5h ago
It sounds nice, but how many actually follow through... I only understand after stepping on some mines myself.
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NotFinancialAdvice
· 5h ago
That was really harsh. The fourth point was a painful lesson for me. I impulsively placed an order and ended up losing three months' salary in one go.
Having navigated the crypto world for so many years, I've seen too many people come in with dreams of getting rich, only to leave disheartened after half a year. It wasn't until later that I realized, the ones who truly survive here never rely on luck; they depend on a set of effective survival rules.
Frequent liquidation for beginners isn't because they're not smart enough, but because their mindset is blown away by the rush to make money; seasoned traders who make profits year after year aren't some chosen ones—they simply treat discipline as their life, never crossing the bottom line. After stepping on countless pitfalls over the years, I’ve summarized 7 hard rules, which boil down to one core principle—survive and exit during bull and bear transitions.
**Rule 1: If you can't understand the big trend, just wait with your eyes closed.** Use the daily chart to determine the main direction; only look for entry opportunities on shorter timeframes. Once the direction is reversed, no matter how good your trading skills are, it’s useless.
**Rule 2: Don't hold cash if the direction isn't clear enough.** Trading with the trend is the cheapest way; if you insist on fighting against the market, you might win once or twice, but in the end, you'll just give that money back.
**Rule 3: Don't touch coins with no volume or attention.** Short-term trading is essentially a game of funds; if there's no trading volume or no one paying attention, your every move is just paying transaction fees.
**Rule 4: Think through every trade beforehand.** Know your entry point, stop-loss level, and target price in advance. Going in impulsively will 99% result in losing your principal—emotional trading.
**Rule 5: Only be responsible for your own judgment.** No matter how chaotic outside opinions are, it’s useless. When you lose, no one will carry the burden for you. Others' views are just references; the final decision is yours.
**Rule 6: Choose the direction first, then pick the coin.** If the overall trend is correct, even if you pick the wrong coin, you can still turn things around; if the trend is wrong, no matter how good the coin is, it won't save you.
**Rule 7: Stop after big gains or big losses.** At this point, emotions are most chaotic and win rate is lowest. Staying calm for a day is a hundred times more reliable than forcing another trade.
Trading isn't about talent; it's about systems, discipline, and whether you can truly execute. If these 7 rules are properly implemented, losses will significantly decrease, and profits will gradually come. I used to drift like a rootless floating object in the crypto world, but now I hold the helm tightly. The boat is here—think carefully whether you want to get on.