Making money in the crypto world, my current view is completely different from three years ago.

Recently, a reader sent me a message, sharing a screenshot of their earnings: starting with 4,200 yuan, turning into 68,000 in just a month and a half. At first glance, it sounds impressive, but what made me laugh was a sentence they said — they don’t even understand MACD and KDJ. This guy made so much just relying on mindset and discipline.

When I first entered the market, I was glued to the screen every day until my eyes hurt, following various rumors to chase highs and sell lows. What was the result? I lost an entire quarter’s salary in three months. Now, after five years in this market, I’ve realized: technical analysis accounts for at most 30%, the remaining 70% is human nature and self-control.

**First point: Don’t learn from gamblers, do good reconnaissance**

The biggest trap for beginners is going all-in right away. It sounds noble — seeking wealth in risky ventures. But in reality, a small fluctuation can wipe out your account. I’ve seen too many cases like this.

Before the market confirms its direction, don’t leverage heavily. My advice to that fan is simple: try with 10-20% of your funds when a new opportunity arises. If the market reacts as expected, then add in three steps; if the direction is wrong, cut your losses early. Keeping your principal alive is more important than anything. Those who blow up their accounts, 99% of the time, die because of one word: “Haste.”

**Second point, also very counterintuitive: Don’t add to losing positions, add more when making money**

This is the hardest to do because it completely goes against human instinct.