Eight years ago, when I first deposited 20,000 into my trading account, my palms were sweating. $BARD
At that time, I had only one thought in mind: to survive in this market.
Now the account has grown to over 30 million, and I am calmer than I was back then. $MANTRA
What has truly helped me grow over the years is not how much money I've made, but the few trading iron rules that have gradually settled in.
First rule: Money management always comes first.
I almost never operate with a full position; at any time, a single position is at most 20%.
Before entering each trade, I set a 10% stop loss; once triggered, I exit immediately without hesitation.
Many people lose money not because they're wrong about the direction, but because they are reluctant to stop loss, ultimately turning small losses into large ones.
Second rule: Only follow trends, do not try to catch the bottom.
Buying the dip during a decline is essentially catching falling knives.
I only enter after confirming the trend and waiting for a pullback.
Trading in the direction the market has already established will naturally increase the win rate.
Third rule: Try to stay away from skyrocketing altcoins.
Those coins that multiply several times in a short period look very tempting,
but many are just exit tools after funds have been pumped.
I would rather miss the opportunity than be the last one holding the bag.
Fourth rule: The simpler the indicators, the better.
I only focus on one indicator in the long term—MACD.
When the indicator crosses above the 0 axis and breaks through it, it indicates that the trend is starting to strengthen, and I can consider positioning.
If a death cross appears above the 0 axis, regardless of profit or loss, I must start reducing my position or even exit.
Fifth rule: Only add to positions when in profit.
Averaging down on losses only magnifies the mistakes.
Averaging up on profits is the correct way to let profits snowball.
In trading, ultimately only six words remain:
Follow the trend, control losses, patience. $HUMA
There is no so-called holy grail in the market.
What truly makes the difference is not who is smarter,
but who can execute simple discipline day in and day out for ten years.
—— Uncle Yao's Trading Notes