'Financial freedom' took me three years to get right.
In the first year, I wrote 'liquidation', in the second year, I wrote 'break even', and in the third year, I finally wrote 'stable profit' based on seven rules I learned through trial and error. Today, let's talk about something practical—it's not about teaching people to get rich, but sharing how to survive and earn long-term money.
1. First learn to take a hit, then learn to throw a punch: break down positions, lock in stop losses
I initially jumped into the crypto world with a 30,000 internship salary, like most people, with my head full of 'doubling overnight'. As a result, I chased a 'star coin' that quadrupled in three days, only to be liquidated two days later, leaving me with 5,000.
After realizing the pain, I split the remaining money into five parts, each 600, capping the single loss at no more than 10%. Even if I make five mistakes in a row, the total loss is only 300—first ensure that I don't get kicked off the table. The biggest fear in the crypto space is not making slow profits, but running out of capital.
2. Only take the 'elevator', don't catch the 'flying knives': In the face of trends, don't be too clever
I used to love catching bottoms against the trend, but ended up losing more as I averaged down. Later, I set a strict rule for myself: only follow the daily 20 moving average, go long above it, stay in cash below it, and close the software during sideways markets.
Don't underestimate this rule; it has helped me avoid countless crashes. The market is like an elevator; forcing your way up the cable will only break your legs—enter when the trend is up, and patiently wait when the trend is down.
3. Filter out noise, only chew on 'hard dishes': BTC/ETH are the staples, altcoins are the spices
Those altcoins shouting 'surpass BTC' won't get my attention, no matter how crazy they rise. A friend once followed a new coin that was trading sideways at a high position, and it dropped 80% on the same day, while I only held BTC and ETH.
Take out the principal when profits exceed 10%, and let the profits continue to roll inside. The crypto space lacks opportunities, but it lacks the restraint to avoid pitfalls.
4. Reduce indicators: Three tools to see the overall picture
I only keep the MACD to look at the overall trend, RSI to identify overbought and oversold conditions, and VPVR to find support and resistance levels.
Previously obsessed with colorful indicators, I was misled by noise. Looking back, the more tools you have, the easier it is to deceive yourself—simplicity leads to persistence, and persistence forms muscle memory.
5. No averaging down on losses, only add to winning positions
This is a painful lesson: In the past, I averaged down when prices dropped, but ended up getting trapped more and more. Now the rule is reversed—only add to positions that are profitable, and cut losses decisively.
Ride the wind when following the trend, and hold back and observe when against the trend; this is the core of surviving long-term.
6. Review in three lines every day: Buy, sell, change
After the market closes, force myself to write three lines: Why buy? Why sell? How to improve next time? After two months of persistence, I found I was making fewer mistakes.
For example, I can now easily understand volume-price signals: A breakout after low volume at the bottom is an opportunity, while high volume stagnation at the top is a risk. The market never lies; what's deceptive is one's own lucky thinking.
7. Lock emotions into rules: Only then can you send red envelopes
The biggest enemy in the crypto space is not the market, but the mindset. Chasing highs out of FOMO and panic selling—these are pitfalls I've paid tuition for.
Now I write my trading plan on sticky notes and stick them on my screen, repeating it three times before opening a position. Rules help you withstand emotions, and time will naturally reward you.
In this line of work, no one relies on luck to get to the end. My seven rules may seem 'rustic', but behind them are three years of liquidation, recovery, and fighting back. I dare to share today because I know: the prerequisite for stable profits is to first acknowledge that you are ordinary.
Ingrain discipline into your operations; time will transform you from a gambler into a player—slower, but much steadier. Follow Ake, and let them guide you to more first-hand information and precise points in the crypto space; learning is your greatest wealth!#加密市场反弹 #美联储降息 $ETH
