Many people enter the crypto world with the hope of getting rich overnight, but the result is often quick losses. In fact, those traders who survive follow similar routines.
First, let's talk about choosing coins. Don't think you can turn around with altcoins; mainstream coins like BTC and ETH are the safest choices. Beginners are most likely to get burned on small coins. Next is position management—never risk more than 5% of your account on a single trade. This way, even if you make consecutive mistakes, you won't be wiped out.
The hardest part of trading isn't making money; it's staying alive. Setting stop-loss points is crucial—if the support level breaks by 3%, cut your losses and don't expect a rebound. Also, set rules for taking profits. A common approach is a 3:1 reward-to-risk ratio, meaning when you make 3000, if a pullback causes a 1000 loss, close the position. Over the long term, this results in more gains than losses.
There are also some easily overlooked details. The hours from 3 to 5 a.m. are high-risk times for sudden price spikes—beginners should avoid trading then; always prepare an alternative trading plan so you're not caught off guard by sudden market movements; record three trading lessons every day—this is essential for progress; and most importantly, after a loss, force yourself to step away for 2 hours—don't continue trading in emotional states.
Remember these three bottom lines for survival. First, never chase highs or sell lows—when others are crazy, reduce your position to control risk. Second, timing your entry is more important than anything—better to miss 10 opportunities than to enter at an unreasonable point. Third, mindset is key—after a series of profits, withdraw half to secure gains; after a margin call, delete your trading app and stay calm for 3 days—remind yourself that as long as you're alive, there's potential for output.
There are no get-rich-quick stories in the crypto world—only trading systems built with blood and tears. 1000U isn't scary; what's scary is repeating the wrong method 1000 times. True success depends on action and discipline.
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FlashLoanPrince
· 1h ago
You're right, I only had a crash because I didn't stick to the 5% position management in the early days. Now I try small amounts more often.
A 3:1 profit and loss ratio is indeed reliable, much better than my previous reckless guesses.
Remember to set alarms between 3-5 a.m., I've been burned too many times.
The most heartbreaking phrase is "As long as you're alive, there's output." Really, don't go all-in just to turn things around.
I'm now practicing this approach, but the hardest part is execution. The two hours after a loss are really tough.
Chasing gains and cutting losses sounds easy, but resisting opening positions during a strong upward trend is the real test.
BTC and ETH are the safe havens for beginners; altcoins are better left to gamblers.
Recording lessons daily is an excellent suggestion, like holding up a mirror to yourself.
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ImpermanentPhilosopher
· 6h ago
It's not wrong to say that, but very few people can actually do it.
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I got burned by trading between 3-5 a.m., now I just sleep during that time to avoid the hassle.
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A 3:1 profit and loss ratio sounds simple, but actually executing it is really difficult...
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The key is just to stay alive. Don't talk to me about compound interest growth; survive the first year first.
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Remember these 3 lessons, this detail is excellent, more effective than reading ten influencer articles.
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I should learn the trick of deleting the app and calming down for 3 days; after losses, the mind really isn't clear.
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Mainstream coins are safe? Then can they turn around? No wonder so many people earn less and less.
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A 5% position limit is the lifesaver. How many have learned this the hard way.
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When others are going crazy, reducing positions is easy to say but hard to do. Greed is something too difficult to overcome.
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SquidTeacher
· 6h ago
After all these years, there are still people hoping to get rich overnight. Truly hopeless haha.
That 5% position size rule really needs to be ingrained in your mind; only by surviving can you make money.
Getting caught trading between 3-5 a.m. has indeed tripped up many people. Setting an alarm clock is more reassuring than sleeping naked.
A 3:1 profit and loss ratio sounds simple, but how many actually follow through? Most people are still greedy and get wiped out.
The trick of deleting trading apps and taking a 3-day cooling-off period is brilliant; it's more effective than any technical analysis.
You're right, losing 1000U doesn't scare me, but using the same wrong method repeatedly is what I fear.
There's not much to say about choosing mainstream coins; altcoins are just gambling on top of Bitcoin.
The part about mindset is spot on. Ninety percent of losses in the crypto world are caused by one's own emotions.
I agree that having multiple contingency plans is important; only then can you save yourself when the market suddenly changes.
Taking half profits after consecutive wins is a lesson only those who have survived several rounds truly understand.
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Degentleman
· 6h ago
That's right, I've seen too many beginners get wiped out by scam coins, with nothing left but their underwear. BTC and ETH are the real way out.
The 5% position management rule has saved me several times; otherwise, I would have been done for long ago.
I got caught in the spike between 3-5 a.m. before, now I just set an alarm to avoid it, which is really precise.
The key is still mindset. One margin call almost knocked me out. I deleted the app and cooled down for 3 days before realizing that just staying alive is winning.
Chasing gains and selling losses is the beginning of huge losses. When others are FOMOing wildly, I hold back, and I end up earning more steadily.
A 3:1 take profit and stop-loss ratio—I've used this system for over half a year, and it indeed earns more than it loses, but discipline is required.
Writing down 3 lessons every day sounds simple, but sticking to it for a month will make a noticeable difference.
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TokenomicsTherapist
· 6h ago
It's very realistic. During the high-risk hours of 3 to 5 a.m., I've really seen many people experience explosive trades.
I've long learned the importance of 5% position management; not adhering to it is like giving away money.
Chasing gains and cutting losses is definitely a rookie move. When you see others making money, you follow suit out of envy, only to suffer heavy losses.
The key is attitude. After losing, you really need to stay calm. Don't rush to recover losses by making even worse trades.
This discipline is easy to talk about but hard to implement. Few people can truly stick to it.
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LeverageAddict
· 7h ago
Really, this routine is quite insightful. I only understood after being injected and cut at 3 a.m. myself, now I’d rather sleep than touch that time period.
Stick to the 3:1 profit and loss ratio at all costs, otherwise earning 10 times and losing once is pointless.
Altcoins really shouldn’t be touched, lessons learned the hard way.
What you said is spot on, the key is still to stay alive. The hardest part is mindset, truly.
I now always enforce a 2-hour exit after losses, otherwise emotional trading will definitely die.
Set your stop-loss properly and don’t change it; if support breaks, cut, those hoping for a rebound will just lose money.
Deleting the app and calming down for 3 days is a brilliant move. After a liquidation, your mind is a mess, you must stop.
Many people enter the crypto world with the hope of getting rich overnight, but the result is often quick losses. In fact, those traders who survive follow similar routines.
First, let's talk about choosing coins. Don't think you can turn around with altcoins; mainstream coins like BTC and ETH are the safest choices. Beginners are most likely to get burned on small coins. Next is position management—never risk more than 5% of your account on a single trade. This way, even if you make consecutive mistakes, you won't be wiped out.
The hardest part of trading isn't making money; it's staying alive. Setting stop-loss points is crucial—if the support level breaks by 3%, cut your losses and don't expect a rebound. Also, set rules for taking profits. A common approach is a 3:1 reward-to-risk ratio, meaning when you make 3000, if a pullback causes a 1000 loss, close the position. Over the long term, this results in more gains than losses.
There are also some easily overlooked details. The hours from 3 to 5 a.m. are high-risk times for sudden price spikes—beginners should avoid trading then; always prepare an alternative trading plan so you're not caught off guard by sudden market movements; record three trading lessons every day—this is essential for progress; and most importantly, after a loss, force yourself to step away for 2 hours—don't continue trading in emotional states.
Remember these three bottom lines for survival. First, never chase highs or sell lows—when others are crazy, reduce your position to control risk. Second, timing your entry is more important than anything—better to miss 10 opportunities than to enter at an unreasonable point. Third, mindset is key—after a series of profits, withdraw half to secure gains; after a margin call, delete your trading app and stay calm for 3 days—remind yourself that as long as you're alive, there's potential for output.
There are no get-rich-quick stories in the crypto world—only trading systems built with blood and tears. 1000U isn't scary; what's scary is repeating the wrong method 1000 times. True success depends on action and discipline.