Four years ago, I was the typical "tech enthusiast"—watching the charts for over 18 hours a day, stacking indicators, drawing trend lines all over the screen, only to be liquidated three times, with my principal shrinking by more than 80%.
It was only later that I realized the more complicated, the easier it is to crash. After truly turning the situation around, my account grew from $1,700 to $130,000, and the core competitiveness boils down to three main strategies.
**First Trick: Abandon Guesswork, Follow the Price**
I'm tired of bottom fishing and trying to catch the top; market lessons have taught me well. Now, my approach is simple and straightforward—only trade on breakouts, avoid consolidation. Enter when the price breaks above previous highs, and cut losses immediately on false breakouts. For coins that have been consolidating for over 30 days, a volume breakout above the top of the range often yields over 30% gains. I focus on two things: price position and trading volume. Volume increase at low levels means go, stagnation at high levels means exit.
**Second Trick: Strict Position Control Is the Key to Survival**
The painful lessons from going all-in and losing everything are etched in my memory. Now, I risk no more than 20% of my capital per trade, dividing it into three parts—first send a "scout" to test the waters, confirm the direction, then add the main position. Each trade's size is capped at 10% of the principal, and stop-loss is an iron rule—no matter how tempting, never add to a losing position.
**Third Trick: Follow the Trend, Don't Fight It**
Bottom fishing and guessing tops are two major traps for losing money. I now adhere to a simple principle: chase the trend when it rises, short when it falls, using weekly and monthly charts to determine the overall direction. Only trade coins in an uptrend.
The methodology sounds simple in theory, but execution is the real challenge. In fact, making money in the crypto world isn’t about being smart; it’s about discipline—doing the "dumb methods" to the extreme. I review my trades daily, record mistakes, protect profits, and cut losses. Those who survive in the crypto space are people who have beaten human nature with habits. Time will prove everything.
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TokenTaxonomist
· 20h ago
honestly, the "three simple rules" framing is where most retail gets bamboozled... data suggests survivorship bias is doing heavy lifting here.
Reply0
blockBoy
· 20h ago
Speaking frankly, the execution is the hardest part, brother.
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That part about going all-in really resonated with me; I only understood after having my account wiped out twice.
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This set of price and volume analysis is definitely more reliable than looking at a bunch of indicators.
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The ironclad rule of stop-loss really hit home; I'm the kind of person who just can't bear to cut losses.
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Daily review sessions are really exhausting, but not reviewing is even more tiring, right?
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Chasing the rise and chasing the fall sounds simple, but few can really stick to it.
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From 1700 to 130,000, that number is indeed convincing.
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Anyway, I still can't break the habit of bottom fishing; maybe I need to lose a few more times.
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I understand all the methodologies, but execution is hell—that sentence is spot on.
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I've also drawn those indicators on a screen, but later I deleted them all; they really are useless.
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NFT_Therapy_Group
· 20h ago
I go straight into the market to break the previous high and make a profit—it's simpler than anything else.
Even after an 80% drawdown, I didn't exit; my mindset is solid.
Position management is truly the key to life; the lesson from going all-in and bleeding.
Chasing gains when prices rise, shorting when they fall—easy to talk about but legs turn weak when actually doing it.
Discipline is indeed worth much more than intelligence; without persistence, all efforts are in vain.
From $1,700 to $130,000, that growth rate is incredible.
I love hearing the rule of strict stop-loss, but in practice, I always want to hold on a bit longer.
Breaking out after 30 days of sideways movement and jumping directly 30%—how do you catch this rhythm?
View OriginalReply0
DAOdreamer
· 20h ago
It's quite true, but execution is the hardest part.
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1700 to 130,000, discipline is the real moat.
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Chasing gains and cutting losses sounds simple, but can you really survive by sticking to it?
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Stop-loss, I always set and delete, delete and set.
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It feels like simplifying trading to the extreme actually makes money.
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I'm tired of analyzing a bunch of indicators every day; I still need to focus on volume and price relationships.
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The shadow of all-in trading really changes people.
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Splitting 20% of your position into three parts to test the waters is indeed the right way to survive.
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Following the trend and not going against it, it's easy to say but really hits hard when doing it.
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I'm not very thorough in reviewing and recording mistakes.
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In the crypto circle, winners are those who give up the desire to get rich overnight.
Four years ago, I was the typical "tech enthusiast"—watching the charts for over 18 hours a day, stacking indicators, drawing trend lines all over the screen, only to be liquidated three times, with my principal shrinking by more than 80%.
It was only later that I realized the more complicated, the easier it is to crash. After truly turning the situation around, my account grew from $1,700 to $130,000, and the core competitiveness boils down to three main strategies.
**First Trick: Abandon Guesswork, Follow the Price**
I'm tired of bottom fishing and trying to catch the top; market lessons have taught me well. Now, my approach is simple and straightforward—only trade on breakouts, avoid consolidation. Enter when the price breaks above previous highs, and cut losses immediately on false breakouts. For coins that have been consolidating for over 30 days, a volume breakout above the top of the range often yields over 30% gains. I focus on two things: price position and trading volume. Volume increase at low levels means go, stagnation at high levels means exit.
**Second Trick: Strict Position Control Is the Key to Survival**
The painful lessons from going all-in and losing everything are etched in my memory. Now, I risk no more than 20% of my capital per trade, dividing it into three parts—first send a "scout" to test the waters, confirm the direction, then add the main position. Each trade's size is capped at 10% of the principal, and stop-loss is an iron rule—no matter how tempting, never add to a losing position.
**Third Trick: Follow the Trend, Don't Fight It**
Bottom fishing and guessing tops are two major traps for losing money. I now adhere to a simple principle: chase the trend when it rises, short when it falls, using weekly and monthly charts to determine the overall direction. Only trade coins in an uptrend.
The methodology sounds simple in theory, but execution is the real challenge. In fact, making money in the crypto world isn’t about being smart; it’s about discipline—doing the "dumb methods" to the extreme. I review my trades daily, record mistakes, protect profits, and cut losses. Those who survive in the crypto space are people who have beaten human nature with habits. Time will prove everything.