Last year, a fan came to me with an account that had only 4000U left.

He originally had 90,000U, but in three months, he had pushed himself to the edge of a cliff—dozens of trades a day, with transaction fees eating up his capital faster than his principal; at three in the morning, he was still staring at the 1-minute candlestick chart. When the candlestick didn't move, his heart raced towards liquidation.

At that moment, he resembled 90% of the losers in the market: treating trading like gambling and viewing market trends as a wishing well.

I told him: if you want to turn things around, first learn to shoot like a sniper, rather than spraying bullets with a machine gun.

After that, I only gave him three ironclad rules, with no more nonsense.

The first rule: only trade in certain market conditions.

Throw the 1-minute chart in the trash; only look for breakouts on the 4-hour chart or higher.

Better to miss ten opportunities than to make a mistake once.

No more than three trades a day; if you're feeling restless, go for a run—don't touch the keyboard.

The market is not prey; patience is.

The second rule: the devil's rolling position technique.

The first trade should always be ≤10% of your position; take half of your profits as soon as you earn 20%, and let the remaining half fly with a trailing stop.

Cut your position unconditionally at a 5% loss; no averaging down, no fantasies.

A stop loss is not a cost; it's a lifeline; one act of luck and your account could hit zero in no time.

The third rule: discipline above all.

If you have two consecutive stop losses, turn off your computer for the day.

Write down the reasons, emotions, and results for every trade, and review them over the weekend.

Don't deceive yourself with "just hold on a bit longer and I'll break even"; true recovery starts with acknowledging mistakes.

Three months later, his curve no longer plummeted; he began to steadily climb.

He asked me: why didn't anyone tell me these things before?

I said: because most people would rather face liquidation than admit they are gamblers.

Surviving means you are qualified to talk about making money; first, master your stop loss before discussing doubling your profits.@小花生说币