The Complete Trading Philosophy of Top Trader Tony in the Cryptocurrency Circle: Key Practical Strategies of Excellent Traders

Regarded as a classic must-read for futures traders, this online masterpiece

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 and later as a 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 of the Market: 88 Questions on Futures Trading" is revered as a classic in the industry.

Yang Bin deeply understands the essence of "The Art of War" by Sun Tzu and often quotes classics:
"War is a matter of vital importance to the state, the ground of life and death, the path to survival or extinction, it cannot be neglected."
"Those who win before they fight are many calculations ahead."
"Thus, those who are good at fighting can make themselves 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 during two consecutive days of extreme market conditions (except for strong bullish/bearish trends).
If there are doubts about the position, at least close 50%.
Confirm effective support/resistance levels before adding positions and reset stop-loss.
Position size should not affect 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 level → position management plan.

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