Eight years ago, I only had 10,000 yuan. Now, my account holds 38 million. This money wasn't gained by luck; I spent eight years gradually earning it from the market— setbacks, stop-losses, perseverance, iteration—all without exception. Today, I’ll share the core principles that might help you avoid some detours.

**First Bottom Line: Fund Management Determines Life or Death**

I never go all-in; I always only allocate one-fifth of my funds to trading. Losing one trade doesn’t hurt, and I take profits immediately when I make gains. What’s the benefit of this approach? A 10% loss triggers a stop-loss, and even if I lose five times in a row, the maximum loss is 50%. But as soon as a trend turns favorable, just two or three take-profit trades can recover everything.

Many people do the opposite—they’re afraid to sell after gains, and they add to losing positions. As a result, they end up losing everything they earned and even incur losses. I don’t do that. The red line for a single trade loss is 10%, regardless of how tempting the market looks.

**Second Insight: Riding the Trend Is Not Catching the Bottom**

During a decline, no one can accurately pinpoint the bottom. You might think you’ve bottomed out, but there are still three more limit-downs waiting for you. The smarter approach is to wait until the trend is clear before entering—wait for buy signals to appear, and buy on dips during pullbacks. This reduces entry risk and increases win rate.

After trading crypto for so long, I’ve found a pattern: those trying to catch the bottom often get hammered the hardest. It’s better to wait for a pullback. Although your entry might not be at the absolute lowest, your psychological burden is lighter, and your sleep quality is better than others.

**Third Trap: Stay Away from Coins with Short-term Explosive Gains**

Coins that double multiple times in a day look exciting, but that’s usually a sign of a trap. When the main force is pushing the price up, they attract retail investors. When you enter, it’s often the last leg of the rally. Especially with altcoins, after a pump, they often crash. Entering ten times, you’ll get caught nine times. I’d rather give up those high-profit opportunities than touch these high-risk assets.

**Technical Signal: MACD Is My Compass**

When DIF and DEA form a golden cross below the zero line and break above zero, that’s my favorite buy point. Once a death cross occurs above zero, I immediately reduce my position and exit. No guessing, no waiting—act when the signal appears. Securing profits is the most reliable.

**Two Common Mistakes to Avoid**

One is averaging down. Adding to losing positions is like throwing more money into a pit—one of the stupidest moves I’ve seen. The right move is to add when you’re winning, so your position can snowball.

The other is ignoring volume. When the price breaks through previous lows, a sudden surge in volume often signals main force entering. If you follow at this point, you can often catch a full wave of the main rally. But if volume is weak, the breakout lacks conviction.

**Final Summary: Ride the Trend + Strict Risk Control**

Once the daily, 30-day, 84-day, and 120-day moving averages turn upward, trust the trend and go with it. If any one of them reverses downward, exit decisively—don’t hold onto any false hopes. Over eight years, this discipline has protected me from big losses, even if I didn’t always buy at the lowest point.

From 10,000 to 38 million, it’s not luck or talent—just these seemingly simple principles repeated over and over. Mainstream coins like Bitcoin, Ethereum, Solana have many trading opportunities, but the ones who truly profit are often not the trend chasers but those who stick to discipline and avoid greed.