“Brother, my online loan has exceeded 80,000, should I give up..."
This is what he said the first time he came to me.
His tone revealed both reluctance and despair.
He is not a gambler, just an ordinary person who has been taken advantage of by the market too many times——
At first, he followed the crowd and went all-in. At the beginning of the year, he heard his friend say that BTC was going to rise, but then a tariff brought the price down with a single bearish candle, resulting in a total loss of 110,000, including principal and loans.
He said that night, he sat alone in the hallway smoking until three in the morning.
He asked me, "Am I not suitable for this?"
I didn't give him the usual trading advice; I just asked him to do one thing first:
"From today on, don't take large positions. Any trade in your account must be planned."
I gave him three restrictions:
The position size should never exceed 10%.
Only increase positions if there is consecutive profit, and use only profits to add to positions.
Strictly enforce stop-losses; never add to losing positions.
At that time, he only had 1,500 U. I said, "Don't think about turning things around; first learn not to lose."
As a result, after a month, thanks to a short-term rebound of ETH,
and combined with the trend of BTC, the account grew to nearly 22,000 U.
He said that day he paid off part of his online loan, and at the moment the transfer was completed, his hands trembled a bit.
He said, "I used to think trading was a tool for making money; now I realize it is more like a way to save myself."
Losses are not scary; what's scary is not changing habits.
You will find that true recovery is never based on a single wave of wealth, but on whether you can start executing a rhythmic strategy.
The market will never pity you, but it respects the rules.
What we need to do is to stop being the person going all-in with loans.
Don't always say you want to turn things around; if you don't even change your methods, what basis do you have to win?
