Hello everyone.
I've been in this circle for almost ten years, witnessing too many stories of overnight wealth and even more tears of sudden loss. As for myself, I'm just a lucky ordinary person. I've never had a job, living in Hangzhou with three properties and what the market has provided over the years, I manage to live quite freely. Many people ask me if I have any secrets, but I really don't. If I had to say, perhaps it's just being 'foolish' and 'slow.'
Today we won't talk about complex technologies. Behind those candlestick charts, what really determines whether you feast or get feasted upon often comes down to these few simple, even somewhat 'foolish' principles. These are the things that I've imprinted in my mind after paying countless 'tuition fees.'
1. Don't fear the 'slow bull,' fear the 'mad dog.'
The market is moving up cautiously, gaining a little, taking a breath, and the most it can pull back is just a little (like less than 10%). This kind of movement is actually reassuring. What’s to be afraid of? It’s that kind of market that, like taking stimulants, can give you dozens of points in a day, only to immediately dive from a high. That’s not an opportunity; that’s a bright scythe, specifically for cutting down those 'fresh leeks' who can't hold back and rush in. Remember, excitement is often dangerous; only moderation can last.
2. Whoever shouts the loudest, keep your distance.
Have you noticed how those projects that flood every group, claiming 'about to take off,' 'regret missing out for a lifetime,' and posting exaggerated profit screenshots every day, how did they end up? Right, most of them are silent now. A project that is genuinely doing work focuses its energy on technology and ecology, not on promotional rhetoric. When someone needs to shout at you with all their might to come make money, they are likely thinking about how to make money from you. The excitement is theirs; you need to protect your own wallet.
3. Never, ever go all in.
This is a life-saving clause. Even if you're overflowing with confidence and think a certain asset is foolproof, please cut down the money you're prepared to invest by more than half. My own iron rule is: no single investment exceeds 30% of my total spare money. The other 70% isn’t dead; it’s my 'strategic reserve,' used to cope with black swans or true golden pits. Those fully invested have no future; one extreme fluctuation can completely knock them out. In this market, staying alive is the only way to output.
4. Made money? Take out half and save it.
The paper profit is just a numbers game; today you might be able to buy a car, but tomorrow you might only afford a tire. I have a particularly 'down-to-earth' habit: whenever a wave of trades doubles my profits or I make a considerable amount, I immediately withdraw half of the profits and transfer them to an account completely unrelated to this circle. Go invest, spend, buy a house, whatever you want. Only the chips you take off the table and put in your pocket are yours. Let the other half of the profits run; the mindset will be completely different.
5. Only earn the money within your understanding.
DeFi, NFT, AI, various new concepts... dazzling, with new stories every day. Many people are afraid of missing out, and they dive in even if they don’t understand. What’s the result? They often become the 'end part' of the story. If you can’t understand what something is playing at, just because 'others say it can earn money,' then it’s highly likely a trap prepared for you. The market never lacks opportunities; what it lacks is the opportunities you can see clearly. Not understanding and not acting is the highest form of self-discipline.
Finally, let me say a couple of things:
This market is very fair; it doesn’t care about your background, but it also sheds no tears. Those principles that seem the 'dumbest,' the slowest, and the most conservative often become the armor that can help you weather both bull and bear markets. Don’t chase the myth of getting rich overnight; that thing is even less reliable than a lottery. Instead, pursue how to play this exciting game in a decent and sustainable way.
I’m not a teacher, nor can I lead trades. I’m just a peer who came in a few years earlier and has stumbled quite a bit. If these plain lessons can give you one more second of calm before your next impulse, then this article is worth it.
Let’s encourage each other. Take it easy, friends.
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