Slow is fast, less is more.
Like many people, when I first entered the crypto space, I thought it was just a casino, where the competition was about who had the bigger guts and better luck. What was the result? I entered with 30,000, and in less than a month, through frequent chasing of highs and lows and stubbornly increasing my positions, it shrank to a pitiful 8,000.
At that time, I realized that contracts are not about betting on size, but about probability and the game of human nature.
1. My 'Turtle Trading' core: Fear of death allows you to live long.
My later trading system is completely based on the word 'fear'. It's not cowardice, it's respect for the market.
1. Never use all the principal to start
My friend only tested the waters with 20% of the principal, while my strategy is more conservative: never exceeding 10% of the principal when opening a position, and I won't impulsively increase my position when at a loss. This aligns with what the turtle trading rules emphasize: first solve the 'how much to buy or sell' issue and standardize the risk through position control.
2. Stop-loss is a rule engraved in the soul
I set a strict rule for myself: any trade, the loss must not exceed 2% of the principal. This is consistent with the risk management philosophy of the turtle trading rules, which sets the stop-loss standard at 2N (2% of account net value) to ensure that a single loss does not cause significant damage.
3. Only eat fish belly, not fish tail
When the market surges the most, I instead start to take profits in batches, never fantasizing about selling at the highest point. The crypto world never lacks opportunities; what it lacks is the capital that stays in the market.
Two, how did I operate specifically?
1. Wait like a turtle
Most of the time in the crypto world is garbage time; real trend markets are rare. My friend remained motionless during two weeks of consolidation, which is more impressive than most people I've seen.
Most people's losses come from 'not being able to resist'—it's not that there are few opportunities; it's that you are too impatient. Most of my time now is spent waiting, waiting for trends to clarify, waiting for signals to confirm.
2. Only act when breaking through key levels
My friend waited until BTC broke through 95,000 before decisively entering the market. This thinking is similar to the 'channel breakout' concept in the turtle trading rules, which means considering entering the market only when the price breaks past the highest point in a certain period.
I don't seek to buy at the lowest point and sell at the highest; that's something only deities can do. I only focus on key positions and follow up when there's a breakout.
3. Risk is always the top priority
My friend's liquidation line is set much lower than the market price, so even if the market experiences extreme spikes, he can survive. This is the difference between a master and a gambler: a master seeks survival first, then profit.
Three, why is the 'turtle trading method' particularly effective in the crypto world?
The crypto world is a highly volatile and trend-driven market. The turtle trading rules, as a trend-following strategy, have the core philosophy of 'going with the trend' which perfectly utilizes this characteristic.
However, the correlation between different cryptocurrencies in the crypto world is very high, which diminishes the effect of smoothing returns through diversification across multiple assets. Therefore, I choose to focus on a few mainstream cryptocurrencies that I truly understand instead of blindly spreading out.
More importantly, trading in the crypto world happens 24 hours a day, and it's unrealistic to monitor the market manually. You must have a systematic approach. The turtle trading method is a systematic strategy that helped me break free from emotional trading.
Four, what did I do from 100,000 USDT to 10 million USDT?
My friend withdrew 8 million after reaching 10 million USDT, leaving 2 million to continue rolling. This is a very smart move.
In the crypto world, turning profits into real-life money is what makes a true winner.
Now, every time I make a certain profit, I withdraw a portion. This not only locks in profits but is also an important way to maintain a balanced mindset. Money in the crypto world comes quickly and goes quickly; only the portion that is secured truly belongs to you.
Five, do you want to try the 'turtle trading method'?
If you meet the following characteristics, then this method may suit you:
Newcomers to the crypto world may not be familiar with cryptocurrencies and may not know when to buy;
Busy office workers who don't have time to monitor the market;
Those who are used to stable investment methods like 'stock holding' and want to allocate some digital assets;
Disciplined investors pursue stable growth and can withstand volatility.
But please note, the turtle trading method is not a get-rich-quick scheme. It earns hard-earned money but is 100 times more reliable than those 'hundredfold myths.' It requires you to have patience and discipline, able to overcome human greed and fear.
One last heartfelt truth
The crypto world has never lacked stories of sudden wealth, but those who survive are the ones who understand timing. It's not that you're unlucky; it's that you're always doing the wrong thing at the wrong time.
I am now trying this method. Although I haven't seen tenfold returns, it's much better than my previous reckless approach. The big money is in those crucial opportunities, so stop exhausting yourself every day. Follow Bin Ge to learn more firsthand information and precise points about the crypto world; becoming your guide in the crypto space, learning is your greatest wealth!#加密市场回调 #易理华旗下TrendResearch减仓 $ETH
