I have blown my position three times, during which I owed quite a lot of money. The worst moment I was over 200,000 in debt. Those days were really tough, I wanted to give up countless times, but I grit my teeth and pushed through. Later, with only 50,000 left, I slowly rolled my positions using the most straightforward method, and eventually achieved an eight-figure total.

Over these years of trading, the most profound realization I’ve had is: if you’re going to make money, make it big; if you’re going to lose, stop loss immediately. Don’t always think about going all-in.

Now, I don’t care about my win rate at all. Instead of chasing an 80% success rate, I focus entirely on the risk-reward ratio. As long as one big win can offset ten small losses, the account can keep growing.

Trading is actually quite simple. Use basic indicators to determine the bullish or bearish direction, and only take long positions in bull markets. I never touch reverse trades. Why? Because trading against the trend is fighting the market, which is a path to disaster.

Timing entries is crucial. I specifically watch for bottom zones or newly emerging trends. What’s the advantage of these points? The stop-loss distance is small. If wrong, you only lose a little, but when right, you can make a big profit.

Initial position size must be small. Risk management is the top priority, not second. My position size must be able to withstand the longest consecutive losses in history, and I must be even more conservative. The same applies to large coins like $BTC; don’t be greedy and increase positions just because of liquidity.

Stop-loss is non-negotiable. Once a key level is broken, I cut my losses immediately. Sometimes, after cutting, the price rebounds soon after, and I don’t regret it. The next opportunity will come, so why hang on a tree and wait? Never think about adding to a losing position to break even—that’s suicidal.

Once I see floating profits, I start considering adding positions. If the trend continues, I pyramid my entries gradually. After each addition, the stop-loss moves upward. This makes the initial position quite safe, and the risk is mainly in the later additions.

If the trend continues upward, I hold tightly, waiting for a pullback to add more, constantly raising the stop-loss. Until the final stop-loss is triggered or a clear head-and-shoulders pattern appears, I consider gradually exiting.

When it comes to selling, I’m never in a rush. I wait patiently for classic top formations or divergence signals on technical charts. During this period, floating gains may retreat a bit, and I accept that. I understand no one can sell at the absolute top, and sometimes there’s a V-shaped reversal. That’s beyond my control and not my profit.

This method is very simple, even a bit dull. But it’s this dullness and discipline that have allowed me to turn 50,000 into today’s figure.

Many in the trading world talk about the Holy Grail strategy, but it’s all bullshit. The only two things that enable someone to survive and make money in the market are discipline and consistency. No matter how bad your strategy is, if you can stick to it diligently, you can earn money. Conversely, even the best theories are useless without execution.