On the night of my account's seventh drop to zero, I sat in front of my computer in a daze until dawn. All those so-called "buy the dip secrets" and "hundred-fold myths" ultimately sent me into the abyss.

Later, I adopted a clumsy method - not chasing hot topics, not reading group messages, and only staring at the charts late at night. To my surprise, this method that seemed painfully slow actually helped me climb out. Looking back now, I can maintain an annualized return of around 60%.

**Why do I only watch the night market?**

The market during the day is too chaotic. Various news is flying everywhere, and the ups and downs are dazzling. I used to frantically chase the rise and fall during such times. I remember one time I jumped in to chase a certain platform token, and within five minutes, I lost two months' salary.

Things are different after 9 PM. Retail investors have gone to sleep, and the news front has quieted down, making the K-line move more steadily. If a MACD golden cross appears in the dead of night, I will pay close attention; if it pops up during the day, I will be more cautious. The moving averages during night trading don't lie.

**I am only looking at three things now**

I used to use all kinds of indicators, and there were a bunch of lines all over the screen, which just got messier the more I looked at it. Now it's simplified to the extreme:

MACD Golden Cross and Death Cross - this is a directional indicator that tells me which way to go.
RSI Overbought and Oversold - I don't touch the overbought zone, I only consider entering in the oversold zone.
Bollinger Bands contraction - the tighter the squeeze, the stronger the breakout.

The key is not to focus on just one. My rule is to only act when at least two indicators are showing green at the same time. It's like driving; you have to check the traffic lights and also look to see if there are cars on both sides. Rushing in based on just one signal will lead to getting buried nine out of ten times.

**You really can't skimp on stop-losses**

My biggest flaw used to be my unwillingness to cut losses. "Maybe if I wait a little longer, I can break even"—it was this phrase that turned my small losses into big ones, and ultimately led to my liquidation.

Now when I open a position, I set my stop-loss right away. If it breaks, I get out immediately, without hesitation. Sometimes, just after I set the stop-loss, it rebounds, which is naturally frustrating. But later I found that those positions I stubbornly held without setting stop-losses ended up losing even more badly.

Stop loss is not giving up, it's about survival. As long as the principal is still there, there is still a chance. If the account drops to zero, then there is nothing left.

This method may sound old-fashioned, unsexy, and won't make you rich overnight. But it has allowed me to survive in this market and maintain stable profits. Now, in my trading record, small gains and losses are normal, but I will no longer experience the nightmare of blowing up my account in one go.

The crypto world is not short of myths, but it lacks those who can survive until the end.