Ten Years in the Cryptocurrency World: Surviving is More Important than Making Quick Money! After all, one day in the crypto world is like ten years in the human world!

Having been in the cryptocurrency space for ten years, I have seen people become rich overnight and also witnessed others get liquidated. Newcomers, especially those trading contracts, must remember these lessons learned through losses.

1. Trading Mindset and Timing

The market is restless during the day, so don't trade recklessly; late at night is more rational and suitable for assessing trends. Don't be greedy with profits, secure your gains in a timely manner; don't trade based on feelings, establish a trading system using candlesticks and volume, and execute it strictly.

2. Risk Control and Techniques

Always set stop-loss and take-profit orders when exiting, as black swan events can occur in the crypto world at any time; unrealized gains are not real profits, only withdrawals are. Use small timeframes for fluctuations and large timeframes to determine direction; during sideways markets, observe more and act less, only take the middle profits.

3. Long-term Survival Principles

Only trade strong coins, do not go against the trend; do not chase after surges, instead, lay low during sideways movements. Reduced volume during sideways trading often signals a change; follow hot trends with light positions and never go all in. Trade less during bear markets and stick to weekly reviews.

4. Core Position Management

Control single trade losses to 2%-4% of your principal; position sizes are more conservative than in the stock market. In bull markets, maintain a position of 50%-70%, and in bear markets, keep it below 30%, building positions in batches and determining position sizes based on stop-loss levels.

Avoid emotional trading; if you incur three consecutive losses, immediately stop and review.

The cryptocurrency market is never short of opportunities; what it lacks are people with capital when the opportunities arise. Good risk control and proper position management are essential for going further.