Text/Crypto Old Captain
Three years ago, I jumped into the crypto world with 100,000, like a fool with a life jacket daring to cross the Pacific. The outcome is predictable: liquidation, halving, insomnia, questioning life... After paying enough tuition, I finally understood a truth – making money in crypto isn't about quick cash; it's a compensation for 'anti-human' behavior.
The 42 million sitting in the account now is less a victory of technology and more a reward for surviving mentality. Today, I will share 5 iron rules I learned through trial and error with real money. I can't guarantee wealth, but I can guarantee survival.
1. When the market is quiet, you take action; when the market is noisy, you keep your hands in your pockets.
The most misleading saying in the crypto world is 'This time it's different.' When all groups shout 'The bull is here' or 'Bet it all to get rich,' you are often just three steps away from the cliff; and when the market cools down to the point where even the critics have dispersed, that's when opportunities start to peek out.
My operations:
Fear index below 20 (for example, after the FTX crash), pick up chips in batches;
When 'Bitcoin makes you rich' trends on the hot search list, reduce positions by 30% and watch.
Remember: Market makers profit from noise, you profit from calm.
2. Consolidation is 'holding back a big move,' not lying flat
The longer low-level consolidation lasts, the stronger the explosive power (for example, APT's bear market consolidated for half a year before multiplying by 5). But high-level consolidation is often a 'fishing line,' seeming stable like an old dog, but actually hiding dangers.
Counterintuitive techniques:
Low-level consolidation: Set price alerts, add positions after breaking previous highs, don’t exhaust your bullets prematurely;
High-level consolidation: Reduce positions by 10% for every 10% increase, locking in profits is more practical than fantasizing about doubling.
3. Consider support during sharp declines, consider profit-taking during sharp rises
The dividing line between retail traders and experts lies in the 'calculator': During declines, while others cry and scream, I calculate previous low supports and panic values; during rises, while others chase, I adjust my stop-loss.
Practical formula:
Bottom-fishing signal: Price falls below MA20 + volume increases by 50% + community sell-off posts surge;
Profit-taking Discipline: Withdraw principal at 50% profit, let profits run.
4. Buy steadily on green days, sell decisively on red days
'Doing the opposite of human nature' is not metaphysics: During a big bullish candle, retail traders' adrenaline spikes, I take profits in batches; during a big bearish candle, while others sell at a loss, I take small positions to test.
Humorous reminder:
Crypto candlesticks can deceive, but wallets won't—if you are soft-hearted about profits, the market will be hard-hearted about your principal.
5. Watch during the early session, act during the late session
During the day, messages are chaotic, and false breakouts are frequent; this is the 'fishing time' for market makers; after 9 PM, the market tends to become real, which is the golden window for retail traders.
My schedule:
9 AM to 12 PM: Just watch and do not act, mute group messages;
9 PM to midnight: Watch the 4-hour line, wait for the signal before taking action.
End: Retaining fans is key to holding wealth
The fairest point in the crypto world: there is always the next bus, but the door only opens for those with stable emotions. Don’t envy those who share their profits, they might just be lucky gamblers; the ones who truly survive rely on repeating simple disciplines a thousand times with 'dumb practice.'
Follow me @CryptoCaptain, next sharing:
(Using Excel to manage positions, how I avoided three black swan events)+(2025 ambush list: Trump's concept coins' unconventional route)
(Afraid of getting lost? Click follow now, don’t get lost when the bull market comes)#巨鲸动向 $ETH
