Turning 800U into 6000U, to be honest, this isn't some genius move. In fact, it's just that I've finally stopped being reckless.
I remember the time when I had just blown a couple of trades and almost cried from the losses. There was only 800U left in my account, and I didn't even have the courage to open a large position; I could only take it slow. I reviewed several days of trades, identifying the pitfalls from my previous losses one by one, reflecting deeply, and decided to stop gambling indiscriminately and fighting against the odds.
On the first wave, I went long on ETH. My entry wasn't perfect, but I timed it well, using 3x leverage. While others were scared, I took the plunge and earned a bit of confidence.
Next, I made a significant profit on the second wave with a short position on BNB. That trade went really smoothly; I didn't increase my position, and just like that, I held it all the way to 3200U. It dawned on me that I might be able to approach this more steadily.
Then, the bullish signal for BTC that day was too obvious. I set ambush orders and shorted in batches, taking it straight to 6K.
Through these few trades, I realized that the key to making money wasn’t that the market became simpler, but rather that I had stopped being reckless.
From that point on, I learned to stay in cash, learned to miss opportunities, and learned to treat each trade as a part of a system rather than a 'life-or-death gamble.' I only use 70% of my position size for each trade, set my stop-loss and take-profit in advance, and after opening a position, I don’t look back.
Turning over my capital is a result, not a goal. Looking back now, 800U isn't a small amount. Whether I can turn it around is not dependent on the principal but on whether I can learn from my losses. Don’t go all-in; derivatives are not a place to hand out money.
Learning to stay steady and not be greedy is the secret to long-term survival in the crypto space.