Collection of Classic Quotes from Cryptocurrency Trading Expert Tony — Top Trader Practical Tutorial

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

Author Background#

According to research, the original creator of this content is veteran futures trader Yang Bin, later organized systematically by Master Tony. Although Master Tony's Weibo has been frequently banned, making it difficult to trace the full picture, his trading philosophy aligns closely with this article. Yang Bin, a graduate of Hebei University, entered the futures industry in 1993, gradually rising from a grassroots business representative to a business manager. With outstanding performance, he has built a reputation in the industry, maintaining an over 80% win rate since 1994 when he began managing client funds, with total client profits exceeding twice the managed funds, pioneering the profit-sharing model for professional traders.

His trading philosophy is heavily influenced by "The Art of War":
"War is a matter of vital importance to the state, the province of life and death, the road to survival or ruin, it cannot be neglected."
"He who calculates before battle wins, for he has more calculations."
"Therefore, the skilled warrior prepares for the invincible, to await the enemy's vulnerability."
His representative work "Breaking the Secrets of the Sky - 88 Questions on Futures Trading" is hailed as a classic in the industry.

Ten Iron Rules of Futures Trading#

Always set a stop-loss point and a monetary red line when opening a position.
The capital allocation for a single trade should not exceed 30% of total funds.
The maximum loss limit for a single trade should be controlled within 3% of total funds.
In non-trending extreme market conditions for two consecutive days, reduce positions (except for trending large bullish/bearish candles).
If there is hesitation in holding a position, immediately close it or at least reduce it by half.
Additional positions must confirm effective support/resistance levels and strictly set new stop-losses.
Position size should not affect mental state; reduce positions immediately if anxiety arises.
Be wary of market optimism; do not use it as a basis for holding positions.
Do not operate on more than three varieties simultaneously.
Plan a complete strategy before trading: trend analysis, target setting, and position adjustment plans.

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