I squatted in front of the computer, the green light of the screen reflecting on my face, holding onto that little bit of SOL long position, silently chanting "the bull is coming back." And what happened? The market hit me hard, and my account shrank by nearly half. At that moment, I understood that this market doesn't lack stars, just lacks longevity. Today, let's not talk about the abstract, but rather share five rules for survival that I exchanged for real money—survive first, and then you have the right to talk about winning.
01 Cut losses quickly, don't get sentimental about positions.
The most critical thing when losing money is "holding on to positions." You always think that if you just wait a little longer, it will bounce back, but the longer you drag it out, the worse the wound becomes. I've seen a guy, even after SOL broke the stop-loss line, stubbornly holding on, mumbling about a "technical pullback," and in the end, his account evaporated by 90%.
My iron rule is simple: when the stop-loss line hits, cut positions immediately. The market won't give you any favors just because you stubbornly hold on. In the early days, I always thought, "I’ll get back to break even before I leave," and ended up getting deeper into trouble. Later, I realized: admit when you're wrong; protecting your capital is the ticket to the next wave of opportunities.
As old players say: "Cutting positions is medicine; holding onto them is a terminal illness." Your stop-loss line is not a letter of surrender but a rebirth card.
02 If you make three consecutive mistakes, turn off the screen immediately.
Once the trading rhythm is disrupted, all operations become deformed. One time, I was chasing shorts and got killed in a reversal; the more anxious I got, the more mistakes I made, losing a week's profit in one day. Later, I set a strict rule for myself: if I make three consecutive mistakes, turn off the screen, go for a walk, or take a nap.
When looking at the market after waking up, you'll find that previously it was all emotional traps. The market is always open, but your ammunition is limited. Experienced traders understand that decisions made when tired are like a smart contract full of vulnerabilities—unreliable and dangerous.
Remember, resting is not weakness; it's a strategic retreat.
03 Profits should be regularly withdrawn to secure gains.
Account numbers are virtual; the money in your wallet is yours. Whenever I earn a certain amount, I transfer half to a cold wallet. I do this not because I'm afraid the exchange will run away, but to prevent myself from getting too excited—seeing numbers swell makes me want to increase my position, only to end up giving back profits.
Many people make a fortune in a bull market, but give it all back in a bear market. Why? Because they never truly "locked in" profits. True winners understand that wealth is never achieved by betting on an occasional surge, but by a deep understanding of core logic and steady execution.
Just like a friend of mine said: "The money in your wallet is yours; what’s on the exchange is just a number game."
04 Only eat the belly of the fish, not the head or tail.
In a volatile market, it's a knife-edge game; trends are where the real profit lies. I was once obsessed with buying high and selling low, only to find that transaction fees were higher than profits. Later, I learned: only trade long when the moving averages are bullish, and wait when they're bearish.
For example, when BTC was fluctuating within a certain range last year, I simply held my base position and waited for direction, which was stress-free and profitable. Experienced analysts pointed out that the market won't run away; opportunities will always be left for those with patience and discipline.
If you don't understand, just take a break. The market doesn't lack opportunities; it lacks patience. This market rewards observers, not followers.
05 Position control is the key to survival.
Those who go all in with leveraged positions often die quickly. I've seen people betting on MEME coins and profiting hundreds of times, but I've also seen them go to zero. Now my rule is: no coin position exceeds 10% of total capital, even if it could rise tenfold tomorrow.
With light positions, the mindset remains stable. Don't panic when it falls, and don't go crazy when it rises; only then can you make calm judgments. Risk management may not sound sexy, but it is the pillar of successful trading. In the crypto world, surviving is victory.
Do you want ten small victories, or can you bear one big loss that wipes out your account? The answer is obvious, but too many people fall to greed.
The market owes you nothing; staying humble is the only way to remain in the game. Those "gods" showing their profits may just be victims of survivor bias. Remember: you're not here to gamble your life; you're here to make money. First, learn to retreat; then, learn to step out.
The abyss is right there; don’t jump down voluntarily. In this market, endurance is the ultimate winning weapon.
If you find these experiences useful, give me a thumbs up and let’s talk next time about how to identify the real signals for trend initiation. Remember, learning is your greatest wealth.
Follow Rao Ge's crypto diary to learn more firsthand information and precise points in the crypto circle; become your own guide in the crypto world. Learning is your greatest wealth!#全球科技股抛售冲击风险资产 #美国伊朗对峙 $ETH
