I have taken wrong turns and tasted the bitterness. Three margin calls, 200,000 debt, countless sleepless nights—at that time, I really asked myself if I should stay in this market. Later, I scraped together 50,000 yuan with a credit card to start over, and relied on the most straightforward rolling position method, eventually growing my account to 42 million. Over the years, I’ve realized one thing: making money doesn’t rely on fancy tricks, just two words—discipline.

**Why Let Go of the Obsession with Win Rate**

Too many people only think about "nine wins out of ten trades," as if a high win rate guarantees easy profits. Let me tell you, that mindset needs to change. I’ve seen traders with a 90% win rate but losing money, and others with only 30% win rate making big money year after year. What’s the difference? It’s the risk-reward ratio of each trade.

For example: I only win on three out of ten trades, but each win is much larger than each loss. In the end, profits cover all losses and still leave a surplus. That’s true winning.

**How do I operate? My method is very simple, so simple it’s a bit dull.**

I only use the most basic tools—moving averages, support and resistance levels—to judge market direction. Then, I stick to one principle: only go long in a bullish trend. At other times, I’d rather miss the opportunity than trade against the trend. I never trade counter-trend, no matter how tempting.

Entry points are especially critical. I only act in two situations: a breakout from a consolidation at the bottom, or at the very start of a trend. These positions have one thing in common—small stop-loss space. Even if I’m wrong, the loss is manageable and won’t cause serious damage.

**Survive to Make Big Money**

In simple terms, position management and stop-loss discipline are more important than any technical analysis. Many people fail here.

How to set the core position? My logic is counterintuitive—I first calculate the maximum number of consecutive losses I can withstand, then set the single-loss amount within a certain percentage of total capital. For example, if the maximum historical consecutive loss is five times, then each loss should not exceed 1% to 2% of total funds. Even if I lose five times in a row, the account won’t be wiped out.

Does this sound conservative? Yes, it is. But this conservatism is the way to survive. In the crypto market, black swans are everywhere. Without enough safety margin, a single crash can wipe you out completely.

**There’s No Compromise on Stop-Loss**

This is a lesson I learned at a heavy price. When opening each trade, I set the stop-loss level properly. When it hits, I close it—no watching the market, no adding positions, no praying. I’ve seen too many people hold onto "wait a bit longer," only to end up with zero.

The volatility of ETH is a good example. The stop-loss was set at $1800, but some couldn’t bear to close, hoping for a rebound, and it kept falling to $1200. By then, it was too late to regret.

**Risk and reward are always paired**

In crypto market observations, you’ll find that those who grow large accounts have all experienced big losses. But they survived because they stuck to discipline. Every stop-loss hurts, but that pain is valuable—it protects your principal and gives you a chance to play the next round.

And those who fail? Usually, it’s because they abandoned discipline in a lucky moment—overbet, didn’t set a stop-loss, or added to a losing position against the trend.

**Final words**

If there’s any "secret," it’s this: cut losses short and let profits run. It’s not some profound theory, just the simplest survival logic. In crypto markets, staying alive is the biggest win. Risk-reward ratio, risk management, and stop-loss discipline—these three are your trump cards and the only things that can help you go far.