In the early days, I entered the crypto world with a capital of 50 million. Two years later, it gradually grew to 302 million. In the third year, it stabilized at 590 million. In the fourth year, it truly skyrocketed — in August, the account reached 378 million, and by November, it surpassed 700 million.

At that time, my mind was overwhelmed. I quit my stable job, even borrowed money and used leverage, feeling that “luck would always support me.” As a result, when the financial crisis hit, I not only lost all my profits but also went into debt. I had to sell my house to pay off the debt, and my family nearly fell apart. At the lowest point, I realized: everything I had gained before was luck, not skill.
After that, I didn’t trade recklessly for three years. I reviewed and analyzed day and night, finally managing to recover with a simple logic. These 6 core points can avoid 80% of traps:
1. Don’t become a “coin collector.” I used to hold a dozen small coins, most of which were worthless. I only learned that there are three key things: BTC for long-term holding so you don’t miss out, ETH with moderate fluctuations for swing trading, and choose one leading token in a strong sector like (AI, RWA), which is much more reliable than random buying.
2. If your emotions are running high, stop first. Once, when the whole world experienced a massive margin call, I continued trading and lost 20 million in one day. Now I set a rule: if many people are margin called, there are 3 large bullish candlesticks on trending topics, or beginners are jumping in to buy, if one of these signals appears, stop and stay calm for 2 hours to minimize losses.
3. Position size is your lifeline. I used to trade recklessly, and when prices fell, I had no funds to add to my position. Now I set fixed positions: 50% USDT as emergency reserve, 30% quality coins for long-term fundamentals, and 20% for quick trading, maintaining capital to have a chance to recover.
4. Take profit and cut losses without dreaming. I used to add to my position when prices dropped 10%, which led to traps and despair. Now I have strict rules: sell half when it rises 10% to lock in profits, sell all at 20% increase for stabilization; if it drops 5%, review the logic and stabilize, and if it drops 10%, close the position immediately and evaluate. Do not hold onto losing positions.