Complete Trading Principles of Top Trader Tony in the Cryptocurrency Circle: Key Strategies of Excellent Traders in Practice

Regarded as a must-read classic for futures traders, a timeless work on the internet.

Author Background#

According to research, this article was originally written by the legendary figure in the futures industry, Yang Bin, and later systematically organized by the well-known trading mentor "Master Tony." Mr. Yang Bin entered the futures industry in 1993, serving as a business representative to business manager at a futures company. With outstanding performance and a good reputation, he has been entrusted to manage client funds since 1994, achieving an astonishing record of over 80% total win rate and cumulative profits reaching twice the managed funds. His work "Peering into the Secrets: 88 Questions on Futures Trading" is regarded as a classic in the industry.

Yang Bin deeply understands the essence of "The Art of War" and often quotes the classics:
"War is a matter of vital importance to the state, the province of life and death, the road to survival or extinction, it must be examined."
"He who calculates before the battle wins because he has more calculations."
"Thus, a good warrior can make himself invincible, but cannot make the enemy invincible."

Ten Iron Rules of Futures Trading#

Always set stop-loss points and capital limits when opening positions.
Do not hold more than 30% of total capital in a single variety.
Set the maximum loss limit for a single trade at 3% of total capital.
Reduce positions in extreme market conditions for two consecutive days (except for strong bullish/bearish trends).
If there are doubts about holding positions, at least close 50% of them.
Adding positions requires confirmation of effective support/resistance levels and resetting stop-loss.
Position size should be based on not affecting mental state as the highest criterion.
Be wary of market optimism inducing irrational positions.
Do not operate more than 3 varieties simultaneously.
Formulate a complete plan before trading: trend analysis → target levels → position management plan.

OKX Limited-Time Benefits#

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