In 2019, when I just returned from outside, I met a friend from Yangcheng, introduced by a mutual friend, who was in the home goods business.
The first meeting was glamorous, and since we were both in trade, we talked happily.
Five months later, he took a taxi to meet me for tea, after blowing up five accounts, with the largest loss exceeding 3 million.
As someone who has ventured outside, I wasn't surprised, but I was quite astonished.
A month later, he came to me saying, "I can still borrow a little, can I turn things around?"
I didn’t agree.
Three more months passed, he came to me with 100,000 and asked if he could still turn things around. I said there was no need to gamble; borrowing money to trade is like sheep entering a tiger's den.
After many twists and turns, I still helped him get back on track.
In 2020, due to external factors, he took a significant position and multiplied his investment by ten times, but in 2021, due to blind confidence, he lost it all.
However, with the recovery of the physical business and my increasingly refined judgment, he turned around again in 2022.
2023-2024 were two years of takeoff; I started teaching him how to judge market structure, control drawdowns, and build positions in batches to secure profits. Over five years, he went from starting with a million to zero, then to 100,000, a million, and now to a ten million position. The accumulation of experience and improvement in skills evolved from short-term accumulation to long-term layout, from being unable to afford payment to effortlessly coming ashore.
Time is fair; it won't give anyone an extra second. The market is also fair; it won't favor any greedy person.
From five major account blowouts to a ten million position, this is not a miracle but the result of reasonable planning.
Many people ask me: "Brother Chen, how do I enter this market? Should I go long or short?"
"Why can't I hold my position? I keep getting stopped out."
What I want to say is that I never gamble; every step is reasonably planned. The size of positions, emotional management, and technical confirmation are all reasons leading to success.
So why get tangled up in the belief that losses are due to small positions, or it's because of market manipulation, or fundamental shocks? All of these are just excuses for being out of touch.
Want to know how to control risk, plan positions, or what specific strategies were used? $BTC
I don’t speak in riddles; I only speak plainly.
