From 100,000 Abyss to 8,000 Counterattack: A Self-Redemption of a Retail Investor
On March 19, 2023, the glaring -102,367 yuan in my account felt like a slap in the face — All in on LUNA turned to ashes, the meme coin I bought on a whim was pulled out by the project team, and shorting ETH led to a harsh lesson from the bulls. I lost everything, including my dignity.
Until that rainy night, when the pawn shop owner took my gaming laptop, the 8,000 yuan I received flickered in my contract account like the last match. I wrote fiercely in the trading log: either go to zero or fight back with tenacity.
Three Iron Rules of Rolling Over (Bought with My Life)
1️⃣ Only Play Established Coins:
For two whole months, my screen only displayed charts of BTC and ETH. During the crash in May when it dropped to 25,000 dollars, the perpetual contract funding rate fell to -0.3% — this number was even more extreme than the great crash of March 12, 2020, and I knew the opportunity had come.
2️⃣ 3% Bullet Management:
Every position opened must not exceed 3% of total capital. When ETH rebounded from 1,800 to 1,900, I used 240 yuan to open a 3x long position, and after a 15% gain, I decisively added 3%. Like a snowball, the 8,000 yuan slowly grew to 43,000.
3️⃣ Midnight Hunting Moments:
At 3 AM on June 10, Binance suddenly went into maintenance, and BTC instantly dropped to 24,800 dollars. My 10x long position set at 25,000 was triggered, and after 9 hours it rebounded to 26,500 dollars, allowing my capital to break through 100,000.
The Most Painful Lesson:
When APT took off from 5.2 dollars in July, I fully invested at 6.8 dollars, doubled my position but refused to exit. As a result, the market maker crashed it down to 5.9 dollars, almost leading to a liquidation. Later, I learned to watch on-chain data — when I noticed a massive amount of tokens being deposited into exchanges, I knew the market makers were about to act.
Those who mock "turning 8,000 into 100,000 is a scam" will never understand: when you are pushed to the brink, what fluctuates in the candlestick chart is not just numbers, but your last stubbornness to not admit defeat.
