Last year, a fan lost his assets from 100,000 USDT to just 5,000 USDT due to reckless trading. His state at that time was indistinguishable from 90% of those who incur losses in trading:
High-frequency trading, getting emotionally charged, feels like crazily 'giving away heads'. Executing dozens of trades in a single day, the speed of consuming transaction fees is even faster than the decline of the principal.
Stubbornly holding on, blindly 'recharging your faith', while mumbling 'the bull will return, it will come back soon.' But what comes instead is the brutal reality of assets tending towards zero.
Affected by FOMO, he impulsively went all in and ultimately became a 'leek' harvested by others. Seeing others flaunt their hundredfold gains from a meme coin, he hastily jumped in, only to wake up and find his account assets nearly gone...
During that time, he was glued to the market every day at 3 AM, with the ashtray piled high like a small mountain, and the dense candlestick charts made his eyes blur. In the end, he slumped helplessly in his chair, bitterly asking himself, 'Am I just a pig waiting to be slaughtered by the market?'
Later, when he came to me with only 5,000 USDT left, I coldly said, 'Want to turn things around? First, learn to trade with precision like a sniper, and stop wildly shooting like you're holding a Gatling gun!'
I told him to only engage in 'certain market conditions', refusing to be a slave to candlesticks. He decisively discarded the 1-minute candlestick chart and focused only on breakouts in charts of 4 hours and above. Adhering to the principle of 'better to miss 10 opportunities than to make 1 wrong trade', he strictly limited his trading to no more than 3 times a day. If he felt an urge to trade, he should go to the gym to lift weights and resolutely avoid the keyboard.
I also taught him the 'devil's rolling technique': win big, lose small, allowing profits to grow fully. The initial investment should never exceed 10% of total funds (i.e., 500 USDT), and additional positions should only be considered when in profit. When profits reach 20%, immediately take profit from half of the position, while setting a trailing stop for the remaining part, holding firmly until the market ends. If losses reach 5%, decisively stop loss, never add to the position, and hold no illusions. Remember, a stop loss is the 'lifesaver' that preserves your principal; a mindset of luck will only lead to demise. If you incur two consecutive stop losses, immediately shut down and exit to prevent emotional trading.
At the same time, I required him to review his trading records seriously every day, clearly understanding where he lost money and how he made profits, ensuring that losses were fully understood and profits maximized.
He used this strategy, taking one step at a time, slowly recovering a lot of losses. Later he asked me, 'Why has no one ever told me these methods before?' I smiled and replied, 'Because 99% of people would rather blow up their accounts and exit than admit they are actually gamblers in trading.'
If you want to turn things around in trading, the first step is to learn how to survive in the market. Before losing all your principal, master the stop-loss techniques. Remember, trading discipline is above all else! Those who blow up their accounts, 99% die from the lucky mentality of 'just holding on a bit longer and I can break even.'
Record each trade carefully; understand the root of your losses, and also maximize your profits.
Now, do you have the courage to open your trading records and carefully examine where you have incurred losses?
If the recent market trends leave you feeling confused and unsure, it's wise to pay more attention to market dynamics and continuously optimize your trading strategy.