At 2 a.m., my phone buzzed three times.

“Bro, is spending 800 yuan on this just asking to get rekt?” On the other end of the screen, Xiao Yu was so anxious that he couldn’t even use proper punctuation.

I lit a cigarette and replied, “What you lack right now isn’t more money, it’s the skills to survive. In this circle, nine out of ten people who get carried out are the reckless newbies who rush in without knowing the rules.”

Yesterday—six months later—this guy sent me a screenshot: account balance, 49,200. The kicker was the note: Zero liquidations, all the way through.

Today, I’m going to break down this “Coward’s Survival Guide.” Let’s be clear: if you read this and think “too wimpy, not exciting enough,” just leave now—the flashy plays in the market are buried six feet under. The ones who live to count their money are always the ones who look the most cowardly.

**How does a small account survive? One word: stingy**

I’ve seen too many dumb ways for beginners to blow up. Just last week, a girl saved up 2,000 yuan hoping to make a comeback, all-in on some “100x potential coin.” Four hours later, her account was down to spare change. When she came to me crying, all I could do was shrug—if you blow all your ammo in one shot, no one can save you.

For Xiao Yu’s 800 yuan, I had him write the number on a sticky note and stick it to the edge of his monitor. Split the money into three parts:

**Main Position 300**: Only touch mainstream coins everyone recognizes. Stay away from those altcoins with names that look like gibberish. Up 3%? Close the position immediately, don’t be greedy with “maybe just a little longer.” Small profits add up if you take them every day.

**Event Position 250**: Reserved for major events. Regulatory announcements, big protocol upgrades—any news that’s basically set in stone. Get in three days early, hold for five days max, then get out.

**Survival Position 250**: Treat this money as if it doesn’t exist. This is for...