This is an experience where I turned the tide against adversity in my life. Three years ago, I was jolted awake in the middle of the night by a red liquidation alert from a certain exchange. In just three hours, my account with over 1 million USDT was wiped out. Staring at the negative balance, I felt as if I was nailed to the cross of reality.

Afterwards, I began to reflect, summarize, and consult all my relatives and friends. With a borrowed 200,000, I started over. In 90 days, using a method with a 78% win rate, I grew my principal to 20 million. The process was extremely tough, but it resulted in five “iron rules” that I still follow today.

Whether you are a newcomer to the crypto space, a veteran, or currently stuck in a losing position, please engrave my experience in your heart.

— Iron Rule 1: Trading crypto is not gambling; you must have a “risk control system”

The crypto market is not a casino, it’s a battlefield.
A true trader is a warrior and needs “armor” and a “retreat route”.

You must learn risk-controlled position building:
Perpetual contracts ≠ gambling tools
No matter how high the leverage, as long as the position is light and stop-losses are clear, it’s still low risk
Using 100x leverage with only 1% of your principal to open a position and 99% as a risk buffer actually lowers your risk

For example, with my own 5,000 USDT principal, I only open up to 20 orders, set a trailing take profit at 2% floating profit, cap stop loss at 3%, and only trade for 2 hours a day—emotional stability trumps everything.

What really destroys people is never the market, but your lack of risk control and refusal to admit mistakes.

— Iron Rule 2: Emotions are not strategy; discipline is the way out
Retail investors lose money—90% die from chasing pumps and panic selling.

When the price rises, you’re afraid of missing out and go all in; when it drops, you fear going to zero and sell at a loss overnight.

Stop making impulsive decisions:
Before buying, write down “what price to buy, where to stop loss, and how much profit to take”
Add to winning positions, reduce on losses, never average down
Don’t get emotionally moved by candlestick charts, focus only on “trading volume” and “structural changes”
The truth behind price movements is in the volume. No volume, no price, and without volume, the trend will falter.

— Iron Rule 3: Only trade with logic you understand. Don’t chase hypes, don’t touch emotional coins

Don’t get greedy for the “get-rich-quick legend” in crypto:
The projects that rise the fastest also fall the hardest
Instead of chasing trends, focus on mainstream coins and strategies you know well
Don’t touch coins without independent logic
If you don’t understand sector structure, don’t randomly buy low-cap coins just because they’re catching up

Bitcoin itself hasn’t changed, but its price can rise from 15,000 to 70,000, and fall back to 15,000. That’s not a “change in value”—it’s a change in market sentiment.

The real skill in trading crypto is “understanding sentiment.”

— Iron Rule 4: Don’t average down, don’t hold losing positions, don’t cling to past prices

The first step to losing money is averaging down.
Averaging down is “emotionally wanting to break even,” not a strategy.
If your position is wrong, you should stop loss, not average down
The mindset of wanting to recover losses will destroy your remaining capital
Trading is always about “process management,” not “obsession with results”
Getting stuck is because you didn’t stop loss; liquidation is because you held on stubbornly.

What you lose is not money, but rationality.

— Iron Rule 5: Master one method, expand only after achieving stability

For beginners, the biggest fear isn’t ignorance, but spreading yourself too thin and copying everything:
Master one sense of the market, one technique, one model first

Don’t study MACD today, Elliott Wave tomorrow, on-chain data the day after

Being proficient in one strategy is far more efficient than blindly chasing many

Trading crypto isn’t scientific research; you don’t need every skill under the sun. You just need one effective system and to use it repeatedly to make money.

The market is unpredictable, but your strategy must be simple, repeatable, and executable.

Finally, always remember: you don’t get rich from one lucky strike, but survive through discipline.
You make big money not because you caught a certain rally, but because you’ve endured multiple crashes, resisted countless temptations, and avoided impulsive decisions.

When losing, control your emotions; when winning, control your greed.
At the end of the day, trading is all about “managing human nature.”

The crypto market is full of uncertainty and challenges, but also contains potential opportunities. When participating in crypto investments, investors should fully understand the associated risks, stay calm and rational, and use steady strategies to respond to market changes!