Entering the crypto market for 5 years, the few million accumulated in the early years lost a third in just one year in 2021, and after falling to a low, I stopped trading for two years. Only those who have experienced the feeling of 'falling from the top of the mountain to the bottom of the valley' can understand. Today, let's talk about those difficult days and ways to break through, which may help you who are currently in the valley.
1. The real feeling of losing 1 million
There is no passion, only emptiness and powerlessness, like a nightmare you can't wake up from. Watching the account shrink and get liquidated, yet being unable to do anything. In the moments of greatest despair, one may self-doubt: Is the savings earned from late nights and hard work all in vain? It feels like a boulder is pressing on the chest, making even breathing difficult.
2. Common struggles during the low period
You are not alone in your suffering: anxious and restless when losing money, feeling elated when making profits; panic when in floating losses, greed when in floating profits; knowing you should cut losses but holding onto hope; being forced to increase positions by the 'revenge trading mindset', ultimately losing even more. You may also blame external factors, curse the market, and curse yourself, feeling like the whole world is against you.
3. The true enemy is oneself
Only after reviewing did I realize: the trading plan was clear, yet I always 'held on longer' when making profits and 'held on longer' when incurring losses. It’s not that the market doesn’t provide opportunities, it’s emotions and greed that lead me astray. It turns out the hardest thing to manage in trading is not the market, but oneself — no matter how much technical knowledge I acquire, if I can’t control my emotions, I will still lose money.
4. Four practical steps to get out of the low
Decisively pause: Completely distance yourself from the market, stop looking at charts, stop placing orders, and detach from the emotional whirlpool. In-depth review: Go through every trade record, write down the logic, profits and losses, and execution situation, to clearly see the root of the losses. Practice solitude: Spend 30 minutes every day exercising, reading, meditating, or writing summaries, learning to get along with oneself. Rebuild confidence: Start with small capital, reduce position size, set small goals like 'perfect stop-loss' or '5% profit in March' to stabilize your mindset.
5. Mindset transformation after the low
I used to want to earn tens of thousands of dollars in a day, but now I only focus on 'operating according to rules and controlling risks'. Trading has changed from seeking quick money to focusing on long-term stable accumulation, and my mindset has shifted from restlessness to stability. I am not a master, just an ordinary trader who has stumbled and gotten back up. Falling is not scary; reflection and adjustment can lead to a fresh start.
Making money in the crypto circle relies on understanding technology and having rules as a foundation. Follow @钱包守护者 , get practical tips, and let technology be your foundation for making money~