A friend who achieved financial freedom by trading Link told me

I have a friend who achieved financial freedom through cryptocurrency, and his story is a real-life legend of a comeback, becoming an inspirational textbook in my circle of friends. Now he travels the world every day, experiencing the sweet troubles of "having so much money that it can't be spent"~

Three years ago, he was just like us, crammed in the subway commuting to work, until he accidentally came into contact with the world of blockchain. At that time, he couldn't even tell the difference between Bitcoin and Ethereum, but driven by curiosity and a spirit of adventure, he resolutely embarked on the path of crypto investment.

His wealth secret was hidden in the obscure altcoins that no one cared about at the time. While everyone was chasing Bitcoin, he had the foresight to identify Chainlink (LINK) — a coin that was priced under $1 in 2018. Through in-depth research, he discovered that this project had far superior technical strength in the blockchain data oracle field compared to its peers, and he decisively invested heavily.

The initial phase of investment was not smooth sailing. He recalled, "I faced a 30% floating loss right after entering the market, and I was shaken when market panic spread." But in the end, he withstood the pressure and held his position, and this persistence brought explosive returns in 2020. When LINK broke through $30, he cashed out in batches to realize a profit of $5 million, completing his transformation from a salaried worker to a millionaire.

In addition to the legendary operation with LINK, he also invested in tokens like Uniswap (UNI) and Synthetix (SNX) during the DeFi boom in 2021, again achieving 5-10 times returns. However, the investment journey was not all roses; he once lost 40% of his principal in three days due to leveraged shorting of Bitcoin, and this lesson made him completely give up high-risk operations.

Now that he has achieved financial freedom, he has summarized nine hard-earned lessons:

1. Take profits as decisively as cutting losses#

When your account profits exceed expectations, cash out immediately to take a break. The market is unpredictable; don’t let greed consume your realized profits. Exiting at the right time helps maintain clear judgment.

2. Set a loss limit at 10%#

If you incur a consecutive loss of 10%, you must pause trading and calmly analyze the root of the problem. Avoid "gambler-style" averaging down; timely loss-cutting is better than blindly holding on.

3. Better to miss an opportunity than to make a mistake#

In short-term trading, maintain a wait-and-see attitude towards uncertain markets. Investing is not gambling; markets you don’t understand often hide deadly traps.

4. Avoid chasing after surging coins#

Coins that surge over 50% in a single day are like thorny roses; they seem tempting but are actually dangerous. A surge is often followed by a cliff-like crash.

5. Resist greed when volume spikes at high prices#

When prices soar accompanied by a surge in trading volume, it signals that the main players are offloading. Entering at this time can easily make you a bag holder.

6. Use contrarian thinking to grasp buying and selling rhythms#

Gradually build positions when the market is sluggish, and wait for pullbacks when the market is hot. Learn to operate against market sentiment.

7. Diversify positions to control risk#

Always keep some reserve funds and adopt a "pyramid" strategy for increasing positions. Do not invest more than 20% of total funds in a single trade.

8. Stick to your circle of competence#

Only operate within familiar trading patterns and avoid projects you don’t understand. Earning money within your knowledge range is the safest.

9. Do not try to catch the bottom during weekly adjustments#

When the medium to long-term trend deteriorates, any rebound is an opportunity to escape. Don’t try to catch a falling knife.

These lessons may seem simple, but they are hard-earned survival rules. The cryptocurrency market is like a digital jungle; only by maintaining rationality, adhering to discipline, and controlling greed can one seize opportunities amidst volatility. Remember: investing is a marathon; living longer is more important than running faster.

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