The Survival Rules I Learned from Three Bankruptcies
At the peak of 1.5 million U, I was brought back to square one due to three mistakes:
Fatal Traps:
⚠️ Holding a Position: Short ETH from 3800 to 4200
- Fantasized about "Market Makers Washing Out" when facing a 20% loss
- Resulted in liquidation, losing 470,000 U
⚠️ Believing in the "Holy Grail of Trading"
- Spent $8999 on an "Institutional Wave System"
- Real trading win rate was only 39%
⚠️ FOMO Emotional Contagion
- Followed a certain KOL to trade BRC20 coins
- Ended up losing 300,000 U on a zero-return project
Cognitive Awakening:
🔥 Stop-Loss is a Breathing Instinct
- Now, I cut losses immediately if a single trade loses >2%
🔥 Only Make Money I Understand
- Avoid coins that surge but I cannot comprehend
🔥 Stop Trading When in Debt
- Once borrowed to supplement margin and was utterly destroyed
> "The tears shed during liquidation are from the water taken in during holding a position"
Final Chapter: Trading Mindset from 0 to 40 million