Last June, Lao Lin messaged me with just one sentence: "Bro, 120,000 USDT liquidated, the account has 3,800 USDT left, can it be saved?"
I replied to him: "It can be saved, but first sign a life-and-death agreement—everything for the next thirty days will be according to me, ask fewer questions, and you'll be kicked out of the group immediately."
Lao Lin used to be an experienced trader, but he fell due to "all-in + holding positions." The first thing I had him do was not to open positions, but to transfer the remaining 3,800 USDT into a cold wallet, and then withdraw 2,400 USDT, leaving only 1,400 USDT in the exchange.
"From now on, your principal will never exceed 40%, the remaining 60% is your life, whoever touches it will lose their hand."
The second thing, delete all market groups and unsubscribe from signal channels, leaving only the alarm clock and trading software on the phone.
I told him: "Your previous losses were not due to a lack of information, but too much noise."
The third thing, practice the "Three Orders Take Profit Method":
1. Only trade on the daily level in the direction of the trend, go long on strong stocks during uptrends, and short weak stocks during downtrends, never catch bottoms or tops.
2. Set a fixed stop loss of 3% for each order, take profit at 8% and close the position immediately, pocket 30% of the profit and continue to roll the rest of the funds into USDT.
3. A maximum of three orders per day, turn off the phone after finishing, accept both gains and losses.
On the first day, Lao Lin broke the rules: in the night, ETH surged, he couldn't resist chasing the long position without setting a stop loss, and within ten minutes, he faced a 9% unrealized loss.
I directly disabled his account API, and he had to post a 500-word reflection in the group to regain access.
The next day, he learned his lesson; BTC broke out and stabilized, he went long on SOL, took profit at 8%, and withdrew 100 USDT. With that 100 USDT, he experienced for the first time that "money is earned back, not gambled back."
In thirty days, Lao Lin completed a total of 87 trades, with 82 profitable and 5 stop-loss trades, rolling his account from 1,400 USDT to 26,000 USDT.
On the day he shared a screenshot, he posted in the group: "I used to think that getting rich quickly relied on a market wave, now I understand that surviving is the biggest market. "
I had him withdraw 20,000 USDT, locking the principal within 1,400: "Numbers are body temperature, discipline is immunity."
Now he exercises daily: runs 3 kilometers, reads 10 pages of books, and recites the stop loss three times before placing an order.
Last week while drinking: "Bro, I’m not afraid of missing out, I’m afraid of breaking discipline."
I raised my glass: "You are no longer a leek, but a hunter."
The next wave of trends is coming; if you want to turn around, cut the principal down to just one last chance to come back.
Follow @小花生说币 on the trading desk, not teaching myths, only teaching survival.