#数字资产市场动态 woke up in the early morning to the sound of a friend's crying — full position with 20x leverage, no stop-loss set, and the principal was wiped out. He said: "It only dropped a little, how did it disappear?"

This isn't being liquidated; it's cutting your own throat with a sickle.

Having struggled in the crypto circle for eight years, I've learned the most painful lesson: survival is always more valuable than getting rich overnight. Many people fall not because of the loss itself, but because the loss is too severe all at once.

I've also made profits with full positions, doubling in half a year, relying on these three rules:

**Rule 1: No single trade exceeds 15% of total funds**
With 20,000 capital, no more than 3,000 per trade. Even if you make five wrong calls, 90% of the capital remains. This is to keep bullets for the next opportunity. Those who go all-in often become history.

**Rule 2: Set a 2% warning line for single drawdowns**
With a 3,000 position, close if you lose 400. Seems like frequent stop-loss? No. Five consecutive stop-losses still leave 90% of the funds alive. Being alive means there's a chance to profit.

**Rule 3: Do not chase profits during sideways movement**
When the market is oscillating, stay put; only act when there's a breakout. Take profits with a trailing stop, and don't add more. The profits in hand are the real profits.

A friend escaped the cycle of monthly liquidation by using this method. 3,000 yuan turned into 5,800 in three months, with a maximum drawdown of only 1.8%. The numbers aren't shocking, but life is good.

The most realistic truth in the crypto market is: it's not about who earns the fastest, but who survives the longest. If you can't sleep today, it's because your positions are churning in your mind. Turn off the software and sleep. When you wake up and your principal is still there, you've already won most people.

Rushing around in the dark, everyone ends up falling. I hope this light can help you find your way.