There is a saying in the crypto world that is often overlooked: Making money depends on endurance, not luck. I have seen too many newcomers focus only on screenshots of accounts growing from 1,000U to 260,000U, but they haven't seen the nights behind those gains—three account resets and continuous losses. The pitfalls I've stepped into and the tuition I've paid over the years have led me to five key principles that can truly help beginners avoid years of detours.

Who hasn't been young and reckless? I was once the fool who believed "high leverage = fast wealth," rushing with my principal, only to be harshly rubbed out by the market. When I was left with only 1,000U, I finally realized: this isn't a casino; it's a serious and frightening place. The real game rule is to survive first, then wait for the turnaround.

Later, I turned that 1,000U around—not because I suddenly had an epiphany, nor because of any "insider information" (those are all nonsense to cut leeks), but because I ingrained these five rules into my bones, operating with caution every step of the way. It may seem conservative, but in highly volatile markets, conservatism is the moat.

**5 Survival Rules for Veterans (Practical Edition)**

**Rule 1: Stop-loss is not cutting meat, it’s extending the account’s life**

The most common mistake beginners make is the myth of "waiting for a rebound." I've seen too many watch a 10% loss slide to 100%. My current principle is strict: once the direction is wrong, even a 1% loss means exit immediately—no gambling on luck. The market won't change direction because of your obsession; stop-loss is an active severing of the limb, not passive death.

**Rule 2: After 5 consecutive stop-losses, close the software and relax**

Emotional trading is the easiest to distort. Once I hit three stop-losses in a row and got emotional, I insisted on bouncing back, only to lose two more trades, wiping out half my position in a day. Since then, I set a rule: if I lose more than five times in a row, I stop immediately—go to sleep, take a walk, do nothing. Human judgment is always distorted by emotion; acknowledging this means you’ve already won.

**Rule 3: Full position is always suicidal**

Even in the most promising market, going all-in isn't worth it. Volatility is normal, not an accident. My current rule is to never risk more than 10% of the account on a single position, so even with consecutive stop-losses, I can withstand the hits. Many people fail because they go all-in once and never recover.

**Rule 4: Set take-profit targets more aggressively than stop-loss**

Everyone emphasizes stop-loss, but take-profit is often neglected. I've seen too many stories of people making money only to give it all back. Once you set your target price, stick to it—take profits when reached. Don't greedily chase the last candle. Securing a 3% profit and walking away is more valuable than chasing 10% and getting trapped. The security of locking in profits is worth more than the despair of being caught in a losing position chasing bigger gains.

**Rule 5: Never hold more than 3 positions; focus is better than diversification**

Holding 10 different coins, each only earning a little, and constantly watching the charts is inefficient. I now focus on just 3 assets I understand well; decisive action comes from familiarity. Too many choices lead to analysis paralysis, and in the end, you earn nothing.

These five rules seem simple, but executing them requires repeatedly overcoming human nature through stop-loss discipline. Truly successful traders never rely on luck—they succeed through consistent discipline and a deep respect for risk.