After wiping out failed businesses, I took my remaining 40,000 yuan in savings and steadfastly stayed in front of the trading interface for three days. Eventually, I went all-in at a price of 12,000 yuan and bought 3 Bitcoins.

Those days were crazier than riding a roller coaster: the bull market at the end of 2017 saw my account surge to 500,000 yuan. I was so excited I wanted to place orders for jewelry late into the night; but after the turn of the year, the crash of 2018 reduced my account to just 120,000 yuan. That’s when I truly understood what “a flower in the mirror, the moon in the water” means.

The real turning point came in 2021: I abandoned the strategy of chasing gains and cutting losses, and started focusing on crypto asset staking and NFT operations. Like a farmer, I managed patiently, and over three years, steadily grew my account to 2 million yuan.

In these nine years of ups and downs, I’ve stepped into pits that could fill trenches, and have also developed three core risk control principles:

**First: Capital preservation is the golden rule.** In my early days, I followed the hype around altcoins, earning 8 times profit but unwilling to take profits, which ultimately led to total loss. Now, I’ve changed my approach—whenever profits exceed 40%, I withdraw the principal, leaving the remaining profits as my trading capital. This way, no matter how fierce the market, my core capital remains intact.

**Second: Only trade what you understand.** During the DeFi boom, I watched from the sidelines because I couldn’t grasp the logic of mining. By 2022, when I heavily invested in the ZK track, I studied over ten technical documents three months in advance—whitepapers, team backgrounds, economic models—reviewing each carefully. If even one aspect was unclear, I would refuse to touch it.

**Third: Position allocation is more important than timing.** My allocation looks like this: 50% on stable assets like #以太坊行情技术解读 and ETH, 25% on Layer2 opportunities, 15% for trying out new tracks, and 10% in cash ready at any time. I never allocate more than 12% of my total holdings to a single coin.

During a bull market, everyone acts like a master, and a single sentence can harvest profits. But it’s the bear market that reveals true character. I’ve seen too many contract traders double their money monthly only to get liquidated in an instant.

Want to truly exit the market with profits? You need to be less eager during bull markets and accumulate good assets during bear markets. Beginners should never go all-in right away; spend half a year practicing on demo accounts to get a feel, and only enter with spare funds once you’re familiar.

The blood lessons of these nine years can be summarized in one sentence: stable returns are always more reliable than quick,暴利, and protecting your principal is the biggest win. Opportunities come often in the market, but once your principal is gone, everything else is just floating clouds.