From Despair to Rebirth: A Newbie's Redemption Journey in the Crypto World

When Xiao Lin first entered the crypto space, like most people, he was filled with dreams of getting rich quick. However, reality dealt him a heavy blow; in less than three months, he lost all his savings of 28,000 USDT, leaving his account with only a few hundred.

1. Newbie Traps: The Vicious Cycle of Greed and Fear

Xiao Lin's trading behavior is a microcosm of all losing players:

Blindly Following the Trend: Seeing others posting profits, he rushed in without thinking, resulting in buying at a high point; Emotional Trading: When prices rise, he fears missing out, and when they fall, he fears going to zero, resulting in frequent buying and selling, losing all his fees; Not Understanding Stop-Loss: Despite the trend going bad, he fantasized about a rebound, leading to deeper losses.

In one of his worst moments, he heavily invested in a popular altcoin, only for the project team to run away, causing the coin price to drop to zero, bringing him back to square one overnight.

2. Awakening Moment: Finding the Right Direction

Just as he was about to give up, a seasoned trader friend gave him a piece of advice: "First learn how not to lose money, then think about making money."

His friend encouraged him to forget about his previous losses, start over with 5,000 USDT, and taught him three core principles:

Only trade when the trend is clear, don’t gamble on news, and don’t bet on rebounds; Invest a maximum of 20% of funds each time, to avoid a single trade ruining the account; Take profits in batches and cut losses immediately, not letting emotions affect decisions.

At first, Xiao Lin felt that making money this way was too slow, but when he saw his account no longer fluctuating drastically but steadily growing, he understood that stable profits are more important than getting rich quickly.

3. Comeback: Doubling in Six Months, Mental Transformation

After sticking to this method for six months, Xiao Lin not only made back the 28,000 USDT he lost, but his account also grew to 62,000 USDT. More importantly, his trading mindset completely changed:

No longer fantasizing about getting rich overnight, he patiently waited for high-probability opportunities; no longer swayed by market emotions, he strictly followed his trading plan; understanding risk control, he knew which money to make and which money to avoid.

Advice for those still struggling in the crypto world:

If you are also repeatedly failing in crypto, consider asking yourself three questions:

Do you have rules for your trading? Or do you rely solely on instinct? Can you accept a single loss? Or do you always want to hold on until you break even? Is your goal long-term profit, or do you want to gamble and run?

Once I was wandering alone in the dark, now the light is in my hands.

The light is always on, will you follow it? @币来财888