Having been in the circle for a full ten years, I lost 70% of my principal in the first three years directly — the feeling of staring at the screen until my eyes were bloodshot in the middle of the night, watching my position explode, still makes my chest feel tight when I think about it now.

It's good that I managed to grit my teeth and get through it. The survival rules I've learned through years of struggles are all laid out today, which can help you save a few years of tuition.

**First, let's talk about the most anti-human iron rule: profits must be held, and losses must be cut quickly.**

The common problem of retail investors, you know it—holding onto losses until the end of time, while getting scared and taking profits when earning just a few points. I set a red line for myself: lock in partial profits when profits reach 10%, and immediately cut losses and exit when losses hit 5%. Sounds simple? In reality, executing this rule has saved me countless times and helped me avoid too many deep drawdowns and liquidation disasters.

**The trading volume speaks the truth, learn to understand it.**

Can a decrease in volume still lead to new highs? There's a high probability that there’s more to come. After breaking through the 20-day moving average, if it gently retraces and the volume shrinks again, this is basically a free opportunity. During sideways fluctuations, don’t be greedy; keep at most two or three mainstream cryptocurrencies in hand, control your position, and don't stake your entire fortune.

**There are a few rules for intraday trading that must be remembered:**
Don't panic and cut your losses during a sharp drop; there is often a rebound for recovery. Be cautious of sudden surges in the last trading minutes, as the next day is likely to see a pullback. There's also a little trick—price increases on low volume can still rise, while an increase in volume without price rise signals a peak; a massive surge will definitely lead to a pullback.

Don't always think about catching the bottom or the top; following the trend is the right way. If you need to cut losses, then cut them; don't be reluctant.

**More importantly, it's about mindset management:**
After making a big profit, be sure to empty your position and rest! The market loves to harvest those who are inflated and floating. Only by calming down can you avoid being dragged down by desire. When losing money, never operate wildly in an attempt to recover losses; keep your composure and wait for the profit effect to return. Opportunities are always present, but the fear is that your mindset will collapse first.

In fact, it's not hard to navigate the crypto market; the difficult part is controlling your own hands and your heart.

Stick to the discipline and follow the market rhythm to survive steadily in this circle.