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**First, let's talk about how to survive**
I have a habit: as soon as I open a position, I set my take profit and stop loss. If the profit reaches 10% of the principal? I immediately withdraw half to a cold wallet, and the remaining part is my "free money" that I dare to use to increase my position.
The last bear market lasted a whole year. I withdrew funds 37 times, and the most outrageous week, I withdrew 180,000 U. The exchange's customer service even called me to ask if I was money laundering, insisting on video verification of my identity. But it's this seemingly timid operation that keeps my principal always in the safe zone, making it impossible for the market to touch my principal even if it tries to harvest.
**Let's talk about how to make money**
I will focus on three time frames: the daily chart for the overall direction, the 4-hour chart to outline the range, and the 15-minute chart to find the entry points.
I often open two orders to hedge with the same coin:
- A order follows the trend, break through to chase long or short, stop loss set outside the key structure of the daily line.
- B order ambush reversal, hanging in the 4-hour overbought and oversold zone, just waiting for a pin bar.
Both stop-loss orders are controlled within 1.5% of the principal, but the take-profit targets at least 5 times the space. Why do it this way? Because the market spends 80% of the time frustrating traders, and true directional trends last only a few days, while consolidations are most likely to harvest those retail investors with strong directional convictions.
Do you remember the LUNA crash last year? It plummeted 90% in just 24 hours, with tens of thousands of people liquidated across the network. In that kind of market, my two-position hedging strategy at least could save a life.
**A Few Vital Rules for Survival**
Funds are divided into 10 parts, with a maximum of 1 part used for each position; if there are 2 consecutive losses, turn off the computer and never revenge trade; withdraw 20% to buy US Treasury bonds every time the account doubles, even in a bear market, sleep soundly.
These rules seem simple, but they are the real reason I have been able to avoid liquidation for 5 years. The market doesn't fear your losses; it fears that you lose to the point where you can no longer stand up.
What you actually need to do can be summarized in four words: don't be greedy, don't gamble. Don't chase highs and sell lows, don't go all in, be willing to stick to discipline, be willing to acknowledge mistakes and cut losses, and prioritize "survival" over making money—given enough time, the exchange will naturally become your cash machine.