8 Years in the Crypto World: Core Principles from 250k to 10 Million

I have been in the crypto world for 8 years after transitioning from gold, starting with a principal of 250,000, which dropped to a minimum of 50,000. Eventually, I grew it to tens of millions by rolling over positions and once achieved a 400-fold return in 4 months (a single wave of 40 million). Now I own 5 houses. Behind this is 3,000 days of practical accumulation. The following 10 iron rules are key; achieving unity of knowledge and action is essential for guaranteed profits:

1. Capital management: Keep reserve funds, aim for one major increase a year, and avoid being fully invested.
2. Enhance awareness: Experience the pressure with real money in practice to understand trading.
3. Timely take profit: Withdraw after the price rises the next day to avoid price pullbacks.
4. Holiday Strategy: Reduce positions or refrain from trading before holidays to avoid manipulation by large players.
5. Medium to long-term holding: Keep enough liquidity, sell on the rise, buy on the dip to lower costs.
6. Choose high-quality coins: For short-term trading, select those with high trading volume and avoid those with poor liquidity.
7. Understand market rules: a slow decline followed by a gentle recovery, a sharp drop followed by a rapid rebound.
8. Strict Stop Loss: Immediately stop loss if the direction reverses, prioritize capital preservation.
9. Use technical tools: For short-term analysis, look at the 15-minute candlestick chart and use indicators like KDJ to find entry points.
10. Focus on a few skills: Master several technical analysis methods that suit you.

The crypto world, like other investments, must go through the "seven losses, two breakeven, one profit" phase. You need to stick to a trading system and persist in order to walk steadily and earn for a long time.
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