Having traded cryptocurrencies for 9 years, I have summarized this survival manual for newcomers based on practical experience. There are no advanced techniques, only the most straightforward survival logic. If you follow these strictly, you can survive in the crypto world and even make money. Remember, in the crypto game, surviving is winning more than half the battle.

First, set a fixed trading time, only operate after 9 PM. During the day, the market fluctuates and consolidates, making it easy for beginners to be shaken out by the main players. After 9 PM, during the transition between the European and American markets, institutional funds enter, trends become clear, and market flow is smooth. Trading at this time greatly increases your win rate compared to daytime and helps maintain a calm mindset, avoiding emotional reactions to market volatility.

Second, take profits and walk away, lock in gains decisively. The biggest enemy in crypto is greed. Many people don’t fail to make money; they fail to take profits and end up empty-handed. My principle is: when the account profits reach 1000U, withdraw 400U to your bank card, locking in the profit completely. Use the remaining funds for further trading. Locking in profits is true profit; account balances are never reliable.

Third, rely on data to read K-lines, refuse to rely on feelings. Trading is not gambling; you cannot operate based on mood. TradingView is an essential chart analysis tool. The three core indicators—MACD, RSI, and Bollinger Bands—cover the key dimensions of market analysis and are sufficient for most market conditions. Only open a position when at least two signals agree. Use the 4-hour chart to grasp the overall trend, and the 1-hour chart for precise entry points, letting data support your decisions.

Fourth, be flexible with stop-losses to protect your principal. When monitoring the market, dynamically raise your stop-loss to lock in profits and maximize gains. When not watching, set a hard stop-loss at 3% to keep losses within 3%. Stop-loss is not about giving up; it’s about leaving room for the next trade. Small losses are never fatal; holding through the loss is the real test.

Fifth, consistently withdraw profits and remember trading taboos. Withdraw 30% of profits every Friday. Persist for three months to break the cycle of repeatedly resetting to zero and let profits truly accumulate. Use leverage no more than 10x; beginners are advised to use 3-5x. Limit to a maximum of 3 trades per day on futures. Avoid highly volatile, low-value coins like Dogecoin or Shitcoins. Never borrow money to trade.

Treat trading as a profession: watch the charts on time, shut down on time, stop trading after profits, rest after losses. Follow these iron rules, and you will establish a solid footing in the crypto world. Those who survive will eventually wait for their own profitable opportunities.