Made 6 million U in SOL, but no one knows what actually happened?
This article is written for brothers in a period of confusion. Many people think that making money in the cryptocurrency world is all about being quick to react, smart, technically skilled, and having a high win rate. In fact, I am also foolish. To be honest, I don't rely on smart trading, but rather on enduring like a fool. To speak candidly, I am not a smart person. I am not someone who can quickly glance at the charts and grasp the key points, nor am I someone who learns quickly. On the contrary, when I first entered this field, I made all the common mistakes, including basic trading errors, heavy speculation, chasing highs and cutting losses, and not setting stop losses. During the toughest times, the first thing I did every morning was to open my account, feeling like a gambler: scared yet unable to resist looking; it was even more annoying. After a few consecutive losses, I felt completely empty, food lost its taste, and everything seemed dull. The pain of that state made me consider giving up trading. Later, I did stop trading for a while, but eventually picked it back up and continued to endure. In the following article, I will share how I got through that most difficult time, what exactly I endured, and how I finally achieved victory.

01. Endured the 'Cognitive Anxiety Period'

I entered the market in 2017. In the first few years, I thought I was losing money due to a lack of technical skills, so I read frantically, learned indicators, sought courses, and studied everything from smoothing theory, Bollinger Bands, candlestick patterns, moving averages, to Gann master charts. However, as I learned more, my mind became increasingly chaotic. I often encountered conflicting indicators and signals, as well as clashes of different trading philosophies from various individuals. Some told me there were magical indicators out there, I just hadn't found them yet; others said that such magical indicators were merely a fallacy. Thus, I found myself in a continuous cycle of learning, testing, and switching systems, becoming more and more confused. It was only later that I realized this was not a technical issue, but cognitive anxiety. You know too much but it’s all mixed up; you see too many things but haven’t established your own judgment framework. Therefore, all the knowledge I had at that time was just a pile of garbage. That period was truly the darkest moment of my life. With each failed strategy, I began to deeply question myself, wondering if I was too stupid. At that time, social media wasn’t as developed, and there was no one to guide me; it was really hard to get out of a dead end. Later, after reading many books, such as 'Trend Trading' and 'The Clear Realm', I reviewed various trading methods extensively. I realized I didn’t need to absorb so much 'noise'; I only needed a few indicators, one system, and to focus on a few cryptocurrencies and one type of market trend. I began to eliminate unnecessary tools and kept only the core indicators. Transitioning from pursuing 'equal amounts' to 'understanding clearly' was a painful change, but it was necessary. After simplifying, I could see many trading truths clearly and finally found my own path. If you don't endure through the cognitive anxiety phase, you will always be trapped in switching systems, changing directions, and altering strategies, leading to stagnation in trading.

02. Endured the 'Psychological Breakdown Period'

Every seasoned trader has experienced the painful losses that are hard to talk about, and I have too. It was my second year of trading when I faced a downturn after the ICON hype. For several weeks, I successfully shorted, shorted during pullbacks, and shorted on breakouts, doubling my account with profits reaching 200,000 U. I felt elated, even starting to calculate how I had just doubled my investment, thinking financial freedom was just one more trade away. As a result, I grew bolder and increased my position size. However, when the market started to turn, my short-selling mindset did not change, mistaking the clear rally for a pullback. Ultimately, with heavy positions, I broke down mentally due to significant unrealized losses. To quickly recover, I attempted to trade at what I believed was a crucial resistance level, hoping for a reversal as soon as I had capital, but the market didn’t pause and continued; after the fourth instance, my account was blown up. At that moment, I literally heard fireworks exploding in my head, and I crumbled completely. On one hand, there was the financial blow of over $250,000, and it's impossible not to feel heartbroken; on the other hand, my confidence and hopes collapsed. I once thought I had mastered the method and was making stable profits through trading, only to realize it was an illusion—my trading strategy amounted to nothing. Throughout those trading years, I experienced countless psychological breakdowns, including self-doubt after significant profits followed by rapid reversals; disappointment from seeing the market correctly but not executing a trade; blindly chasing losses in a collapsing market; long-term losses leading to existential doubt; and relentless contrarian trading leading to blown accounts. Enduring the psychological breakdown period isn't actually difficult; it just requires correcting your understanding. You must realize one point: the most important thing in trading is not always being right, but surviving first. You can be right a few times, but you can't be right all the time. The market is chaotic and unforgiving, pullbacks will inevitably occur, so you must lower your expectations and not always think you'll double your investment with a few trades or catch a trend to turn things around. Only by stabilizing yourself can you understand that earning a little is always better than exiting with a large loss. Don’t let negative emotions accumulate, don’t trade too frequently, and don’t keep a tight watch on the market. After making a mistake, give yourself time to cool down emotionally and stabilize before trading again. Your trading system shouldn’t pursue extreme profit-loss ratios; instead, focus more on the success rate. If you make fewer mistakes in trading, your mindset will not be so anxious. In simple terms, your mindset can be a shackle you impose on yourself. The tighter you grip, the more you desire, and the more suffocated you feel. Moreover, when it comes to psychological barriers, no one can endure on your behalf; you can only rely on truly understanding the market's severity, your own smallness, and lowering your desires to coexist harmoniously with the market.

03. Endured the Loneliness and 'Lack of Understanding' Period

During that time of losses, I stayed at home, feeling low-spirited while relatives and friends gradually distanced themselves from me, fearing I would ask them for money. To be honest, after going through so much, when you look back, I completely understand their behavior, because avoiding harm in pursuit of benefit is part of human nature. If I can’t fully overcome my own human flaws, how can I impose my troubles on others? Whether in the cryptocurrency world or stock trading, trading is destined to be a lonely road where you need to think it through before taking action. So how do we get through the 'loneliness period'? 1. We must admit that trading itself is a lonely path; there are very few who can understand you, so don’t force others to understand. Just endure on your own; that is the state of a trader or the characteristic of the profession. 2. Don't attempt to explain trading to those around you, especially not to flaunt short-term profits; the more desperate you are to prove yourself and showcase results, the easier it is to lose control. 3. Do the right thing by focusing on how to create detailed trading plans, improve execution, review trades, and enhance your trading strategy. The general principle is to say less and do more; immerse yourself in practice. For those who don’t understand, there’s no need to confront or explain too much. You’re not trading for others, not to prove anything to them, and certainly not to show off your successes. Whether your trading is good or bad, you know it well enough.

04. The so-called 'endurance' is not just about stubbornly holding on but rather a persistent effort after reflection.

While I have always emphasized the value of persistence, I don’t mean to say you should persist blindly. For example, a friend once mentioned that he had lost all his money but was still borrowing to trade; in my view, that has crossed into obsession, which is a misguided form of persistence. True 'endurance' is a calmness after maturity, recognizing a clear understanding of the essence of trading. I bought SOL at $42 and endured it dropping to $8, while also managing my finances (including living and work). In the end, I cleared all positions at $240, earning 6 million U. You won't earn every day in trading, so when you encounter losses later, you won’t be anxious. You understand the market is not under your control, so you can only control yourself. You know trading isn’t about random guesses but about continuous reviewing, recording, and testing to form your own trading strategy. You also know your 'bottom line', including how much loss you must withdraw from and what your target profit and expected risk are, ensuring they align. When you understand the essence of the market and have clear, achievable trading goals, your 'endurance' becomes meaningful. Trading is never a one-off victory; every recovery and emotional fluctuation you experience along the way accumulates experience on your path to stable profitability. Those who last are not the ones thinking about 'instant profits', but those who can 'hold on' amid market fluctuations. You don’t need to seek perfection in every trade; as long as you can manage your risks and keep moving forward, it's just a matter of time. Let's support each other!#我的COS交易 #Circle扩大IPO规模 #币安钱包TGE #美国加征关税 #币安Alpha上新