I once lost the money for a whole set of houses.
It's not a joke, it's a personal experience.
At that time, I was solely focused on doubling my investment, constantly increasing my positions. As soon as the market turned, I cut my orders, and in the end, I lost everything, even my principal, after a year.
At that time, my account hadn’t reached zero, but I was nearly done for.
I would open my eyes every day to look at the market, and I dreamt of placing orders every night; my life rhythm was completely disrupted.
Then I stopped for a full three months, touching nothing and discussing the market with no one.
Until one day, I opened my old records, looked at those screenshots of margin calls and blind orders, and suddenly realized one thing:
It’s not that I can’t trade; it’s that I was too impatient.
When I started again, I only had a little bit of capital left.
I didn’t dare to speculate, didn’t dare to gamble, and didn’t have the right to be impulsive.
So I established a few basic actions:
First, don’t touch targets I don’t understand.
No matter how hot the project or how popular the cryptocurrency, if I can’t understand the underlying logic and the chip structure, I won’t participate. Only when I understand can my heart be steady.
Second, strictly control my position size, only risk a small portion each time.
I no longer put everything in at once but instead enter and exit in batches.
If the market is unclear, I will maintain a light position; I’ll add to my position when there are clear opportunities.
Third, always keep a base position, never move my bottom line no matter how big the opportunity.
Not aiming for a double, but rather making it easier to grasp the rhythm.
Thus, with every profit, I would take out a portion and slowly accumulate.
Not to celebrate, but to remind myself: what I can pocket is what really counts.
It’s not that you lack ability; it’s that you were too greedy, too impatient, and too eager to win before.
Those who can truly move forward are those willing to endure, willing to review their trades, and not aiming too high too fast.
I rebuilt my account little by little through trial and error, and I restored my mentality.
So if you find yourself at the bottom now and don’t know what to do, just do one thing:
Don’t think about turning it around; first, survive without losing.
Treat trading as a slow-paced activity, and you will naturally reach a different place than others.