Looking at the discussion groups filled with the argument that "the election determines the fate of the crypto world," how many people are hesitant, afraid to go all-in and gamble on the direction? I understand this feeling all too well. Over ten years ago, I experienced this myself—throwing 50,000 yuan into altcoins, doubling my account during the day, only to see it cut in half at night, almost leaving the scene entirely. Now, my account is stable at around 2 million yuan, not because of some mysterious prediction, but through three bottom lines learned from painful lessons.

First: Only eat the fish fillet, not the hard bones.
In my early years, I was a true "news peddler"—betting on non-farm payroll data, interest rate meetings, elections, anything I could gamble on. On the night of Trump's 2016 victory, I stayed up all night heavily long on Bitcoin; it indeed rose, but leverage exploded during the volatility before the election. Then, in 2020, after Biden's reversal, I reversed and heavily shorted Ethereum, only to see DeFi take off the next day, wiping out the month's gains. That was when I realized a truth: you never know how the market will move in the next second. The upcoming election is the same—Trump winning might relax regulations and support mainstream exchanges and Bitcoin; Harris winning might tighten ICOs but could give DeFi opportunities. But can you guarantee 100% correct bets? My current approach is to wait until the results are settled before chasing the second wave of the market. Let others be cannon fodder.

The second rule is about risk management in position sizing.
Only hold the top five mainstream coins. I don't deny that altcoins can make money, but I've seen too many scenarios where black swan events cause altcoins to go to zero when Bitcoin drops 20%. Currently, my portfolio consists of 70% Bitcoin and Ethereum, with the remaining scattered among coins like SOL and BNB that have ecological support. I always invest in batches—no matter how optimistic I am about a certain market moment, I only allocate about 10% of my total assets to trade. For example, with a 2 million yuan account, I would only allocate 200,000 yuan to test the waters that night. Even if I make a wrong judgment, it won't hurt my core.

These two rules are ridiculously simple, but it is this restraint that has allowed my account to survive from a near-death experience to where it is today.