Master Tony's Complete Record of Cryptocurrency Trading - Key Strategies of Top Traders

A must-read classic for futures traders widely circulated online

Author Background#

According to research, this section was originally written by futures expert Yang Bin and later systematically organized by Master Li Tony into the "Futures Bible." Due to Master Li's Weibo account being banned multiple times, the original source is difficult to verify, but the content is highly consistent with Master Li's trading philosophy and holds significant value for study. Mr. Yang Bin is from Shijiazhuang, Hebei Province, and entered the futures industry in 1993, serving as a business representative and manager at various futures companies, earning a reputation in the industry for his outstanding performance. Since 1994, he has managed client funds with an overall win rate exceeding 80%, accumulating profits of more than twice the entrusted funds, with his income entirely derived from client profit commissions, making him a model professional trader.

Yang Bin deeply understands the essence of Sun Tzu's Art of War and often quotes classics:
"War is a matter of vital importance to the state, the ground of life and death, the way to survival or extinction, it must be thoroughly examined."

"He who wins before he fights has a lot of calculations; he who loses before he fights has few calculations. More calculations lead to victory, fewer calculations lead to defeat, and how much more so with no calculations at all." (Initial Estimation, Chapter One)

"Therefore, if one does not fully understand the harms of warfare, one cannot fully understand its benefits." (Operations, Chapter Two)

"Those who are good at warfare prepare for the invincible and wait for the enemy to be vulnerable. The invincible is within oneself, the vulnerable is within the enemy. Therefore, those who are good at warfare can make themselves invincible and cannot make the enemy absolutely vulnerable." (Military Formations, Chapter Four)
Representative work: "Piercing the Veil of Heaven—88 Questions on Futures Trading."

Ten Iron Rules of Futures Trading#

Set stop-loss points and capital limits in advance before entering the market.
The capital proportion for a single trade should not exceed 30% of total funds.
The principle is to control a single trade loss within 3% of total funds.
After two consecutive days of significant market fluctuations, if it is not a trend-based limit, reduce positions (except for trend-based large bullish/bearish candles).
If there is hesitation in position decision-making, immediately close the position or at least reduce it by half.
Confirm effective support/resistance levels for adding positions, and strictly set stop-loss for new positions.
Position size should not affect psychological state; reduce positions immediately if anxiety occurs.
Be wary of market optimism and avoid using it as a basis for holding positions.
Do not hold more than three varieties simultaneously.
Develop a complete plan before trading: trend judgment, first target level, position adjustment strategy.

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