I once used a method to help a friend break free from the predicament of 4200U, ultimately achieving a remarkable result of 137,000U, and more importantly, regaining his courage to face candlestick charts.
In fact, I am not a trading expert; I am merely a 'veteran' who has struggled to survive through countless liquidations.
At the beginning of 2024, I also faced a Waterloo, with 900,000 in capital vanishing into thin air. Every day I blindly chased rising prices and killed falling ones, buying the dip at any sign of a rebound, while my account fluctuated wildly with emotions, leaving me with only 4200U.
At that moment, I suddenly realized: blind trial and error will only exhaust capital; I must find a new way.
So, I cleared my watchlist, keeping only BTC and ETH, and established three iron rules:
Operate in the direction of the trend, avoiding fluctuations, reversals, and oversold rebounds.
No single position should exceed 20%, with a strict stop loss set at 3%, and automatic closing without intervention. For profitable positions, I dare to increase my position size (add 5% for every 10% increase), and for losing positions, I never add to the position; if the stop loss is hit, I immediately cut the position.
At first, progress was slow, with only 1800U profit in the first week but no drawdowns.
In the second week, ETH broke through the range, and after increasing my position, profits soared to 9700U; in the third week, I captured two major upward trends in BTC, and my account surpassed 30,000U. By the 28th day, total funds had reached 137,000U, with net profits multiplying by 30 times. Throughout the process, I did not rely on signal groups or insider information, but solely on position control, rhythm management, and technical analysis.
Some have asked me if I am proficient in candlestick analysis. In fact, I only remember one thing: account funds are the last opportunity; before opening a position, I must ask myself: "Can I continue after losing 3%?"
If yes, then I dare to place the order.
Turning the tables does not rely on luck, nor is it gambling. Too many people try to aggressively increase their positions to recover losses without considering the consequences of failure. I deeply understand the pain of account shrinkage and do not wish for anyone to fall into the vicious cycle of "losing more the more they trade."
If you currently have only a little capital left, don’t panic, stay steady. The market never lacks opportunities; what it lacks are those who can preserve their capital and wait for opportunities. What you lack is not effort, but a set of survival rules. If you are worried about your account or want to discuss stop losses and swing trading, feel free to reach out to me anytime; my experience may help you avoid detours.