One, Winter 2015: 500,000 principal reduced to zero in the BTC waterfall
There are still cigarette ashes from the 2016 liquidation stuck in the keyboard crevice, and the time shown in the bottom right corner of the screen reads 04:17 — at this time ten years ago, I watched 500,000 principal evaporate in the BTC waterfall from 8,000 dollars to 3,800 dollars. The liquidation SMS from the exchange pierced my eyes like an ice pick, and my phone was filled with credit card collection calls. The heating in the rental house was insufficient; I wrapped myself in a quilt sitting on the floor, watching the warning sticker on the wall "Don't be fooled by low-priced chips" fluttering in the wind — that was the first coordinate I earned with 500,000 principal, yet at the time, I did not understand the tricks of "market makers manipulating the market".
My roommate's cheers from the next room while playing games, and I hid in the stairwell to call home. My father remained silent for a long time on the other end: "Come back, learn to do building materials business with me." After hanging up, I wrote in my memo: "December 17, 2015, BTC plummeted, all positions in and out, lost everything."
Two, 2017 Bull Market: 1,000,000 tuition fees for chasing highs and cutting losses
A certain altcoin surged 300% in three days. Watching the stories of sudden wealth in the group, I couldn't help but go all in. The next day, the coin price plummeted 50%, and in panic, I cut my losses, leaving only 500,000 from the initial 1,000,000 principal. The drawer of the trading desk is pressed with the trading records from that time, each order marked with a red cross saying "chasing highs and cutting losses" — this was a crucial lesson for me to learn the second principle: when a major trend is favorable, layering positions during a downturn is 100 times safer than chasing highs.
Later, when BTC dropped from 19,000 to 15,000, I layered my positions three times, each time buying 20% of the position for every 10% drop, and ultimately made 300,000 when it rebounded to 20,000. The wall of the trading room displayed the records of my position increases at that time, next to it was written: "December 2017, layered positioning, preserving the principal."
Three, 2019 Bear Market: The Survival Wisdom of Profit Distribution
A certain DeFi coin gave me my first bucket of gold, 2 million. I did not continue to increase my position but transferred 1 million to my bank card, leaving the remaining 1 million for trading. Three months later, that coin plummeted 80%, and because I had secured half of my profits in advance, I ultimately only lost 200,000 — this is the practical application of the third principle: reasonable profit allocation is more important than continuously increasing positions.
Now my phone stores the transfer records from that time, with the note saying: "June 2019, profits received, withdraw half first." After each profit, I remember that version of myself who survived in the bear market relying on profit distribution.
Four, 2020 312: The Life-and-Death Three Minutes of Sudden Surge to Recover Costs
On Black Thursday, BTC fell from 7,000 to 3,800. I held my position during the sharp drop. Meanwhile, a certain mainstream coin suddenly surged 20% before the crash. I followed the principle of "sudden surge to recover costs" and withdrew the principal, continuing to hold the profits — later, this coin fell from 20U to 5U, and because I exited early, I only lost 30% of my profits.
A K-line chart from that time hangs on the wall of the trading room, with the surge points circled in red, next to it is written: "March 12, 2020, sudden surge to recover costs, preserve 70% of the principal." Now, every time I encounter a sudden surge, I recall that three-minute decision.
Five, 2021 Private Placement Trap: The Fundamentals of Ambush and Game Theory
During a private placement of a new project, I judged its potential based on experience and ambushed with 100,000. After it went online and surged 10 times, I used technical analysis to layer my exit in the secondary market, ultimately making 800,000. Meanwhile, friends who followed the other private placement projects at that time, due to their lack of technical analysis understanding, bought at the peak and ultimately lost — this is the practice of the fifth principle: ambush relying on experience, secondary market relying on technical analysis, the fundamentals cannot be reversed.
The notebook on the trading desk recorded my analysis at that time: "May 2021, private placement ambush + technical exit, dual-driven." Now, every time I participate in private placements, I pull out this case to remind myself not to rely solely on luck.
Six, 2022 Interest Rate Hike: The Anti-Drop Code of Layered Positioning
Before the announcement of the Federal Reserve's interest rate hike, I layered my positions in a certain public chain coin:
First layer: buy 20% position at 10U
Second layer: buy 30% position at 8U
Third layer: buy 50% position at 6U
Eventually, the cost was pulled to 7.5U, and later when it rebounded to 15U, I layered my selling and made a 100% profit — this is the practical application of the sixth principle: layering positions and profits while controlling risk and profit ratios.
Now my trading system has a "layered position calculator". Input the price and position, and it automatically generates a layered plan. A slogan saying "Layering is a lifeline" is posted on the wall of the trading room, with trading records from 2022 below.
Seven, 2023 AI Bull: The Doubling Strategy of Synergistic Effects
When a certain AI coin surged, I found that other coins in the same sector were also rising in volume. Confirming the synergistic effect, I decisively increased my position. Later, the entire sector rose 5 times, and because I had positioned myself early, I earned 3 times — this is the application of the seventh principle: understanding the synergistic effect is more important than looking at a single coin.
On the trading desk, there is a chart analyzing sector correlations, with each coin's relevance marked in color, next to it is written: "April 2023, AI sector synergy, capturing 3 times returns." Now, every time I select coins, I first check the sector's heat.
Eight, 2024 Differentiated Market: The Balancing Technique of Reasonable Allocation
I use 60% of my funds to buy value coins (like BTC, ETH) and 40% to buy hot coins (like a certain public chain coin). Value coins steadily rise, while hot coins, despite their volatility, bring in excess profits — this is the practice of the eighth principle: value coins resist risk, hot coins earn profits, and only a reasonable allocation can ensure survival.
A ratio chart of allocations hangs on the wall of the trading room; red represents hot coins, blue represents value coins, next to it is written: "In 2024, 6:4 allocation, annual return 150%." Now, every time I adjust my position, I refer to this ratio.
Nine, 2025 Now: The Safe Standard of the Three Essentials
Now my account always maintains the "three essentials":
The market has coins (50% position)
Account has money (30% stablecoins)
Cash in pocket (20% fiat currency)
This configuration allowed me to pass through the pullback in 2025 safely, while those who went all in faced liquidation again — this is the ultimate manifestation of the ninth principle: no all-in, invest spare money to survive longer.
In the drawer of the trading desk, there are three cards that say "Market", "Account", and "Pocket" respectively. Before each trade, I check whether it meets the three essentials.
Ten, The Self-Evolution of Ten Years in the Trading Room
Now, every morning I spend 1 hour recording high and low points, filtering information. The notebook on the trading desk is filled with ten years of trading insights, with the last page writing the tenth principle: master the basics, learn to apply knowledge, and cultivate the ability to filter information.
Last month, my father, who advised me to return home to work in building materials back in 2015, came to visit my trading room. After looking at the ten coordinates on the wall, he remained silent for a long time and said: "So what you meant by 'trading coins' is like this."
Epilogue: To All Traders on the Journey
Last night, while organizing trading notes, I saw my ten years ago self writing on the title page: "The crypto world is a casino; winning relies entirely on luck." Looking back now, how ridiculous I was back then. Over the past ten years, I went from being 500,000 in debt to financial freedom, relying not on luck, but on embedding these ten principles into the discipline of my bones.
Now, I always keep 30% cash in my account, and only have on-chain data tools on my phone. Occasionally, when passing by the rental house where I once faced liquidation, I remember that young person crying on the floor — the crypto world is not a casino, but a survival maze built on discipline and understanding. Only when you engrave these ten coordinates into your soul can you find your own wealth code amidst the alternation of bull and bear markets.
#加密市场回调 #币安Alpha上新 #以色列伊朗冲突 $FUN $MOVE $ETH
