Ten Years in Cryptocurrency: No Shortcuts Taken, Endured Significant Losses and Short-term Setbacks, Ultimately Achieving Stable Profits by 'Leaving Immediately When Wrong and Closing the Computer When Emotional'

At the age of 31, one weekend while organizing my trading logs, my gaze fell on a string of 8-digit numbers on the screen, and my fingertips paused.

Suddenly I remembered myself when I first entered the market in 2014, with only 10,000 savings in my pocket, sitting in front of an old computer in a rental room, my hands trembling slightly as I opened the trading software.

At that time, I had only a vague understanding of 'trading cryptocurrencies'. I only heard people say 'this thing can make money', so I jumped in with a burst of enthusiasm. Every time I opened a position, I had to confirm it several times, always afraid that this small capital would disappear in the blink of an eye.

Looking back now, that initial nervousness and unease were merely the shallowest mark on my ten-year trading journey. The real challenges and pitfalls have truly forged the calmness I have today.

In these ten years, I have not taken a single shortcut; instead, I have stepped into every 'pit' in the trading circle. At first, I heard people say 'holding long-term guarantees profit'.

I stubbornly held onto a worthless altcoin, waiting from spring to winter. Not only did I not see the expected returns, but I also watched my account balance shrink little by little. In the end, when I had to cut losses, I had already lost nearly 70% of my capital.

Later, I followed the trend to chase short-term trades, thinking 'quick in and out can earn the difference', staring at the 15-minute K-line until late at night, my fingers jumping back and forth between buying and selling. After frequent operations, the fees were more than the losses, and I lost even more than when I held long-term.

Later on, I tried ultra-short trading, day trading, and even learned contract trading from others, exploring various trading styles for two years before finally finding a rhythm that suited me—no greed, no recklessness, focusing on 4-hour trends for swing trading, which turned out to be much more stable than my previous chaotic attempts.

People often say that I am now 'successful', but I always remember the ups and downs I have seen in these ten years, and my heart always feels tense.

There was a peer who, in his early years, turned 50,000 in capital into 30 million. He would post screenshots of his profits and show off luxury cars and houses every day. However, when he was at the peak of his success, he encountered a bear market. Everyone advised him to reduce his positions for safety, but he stubbornly held on to the thought of 'holding until a rebound to recover his losses'.

The more I added to my position, the heavier it became. In less than two months, my 30 million account was completely wiped out, and in the end, I even deactivated my social media accounts. There was also a technical analyst, who was well-versed in MACD and Bollinger Bands, and during offline sharing, it was packed with people.

But once I started losing money, I became eager to make back my losses, my operations became increasingly chaotic, adding positions, holding onto losing trades, chasing highs, and in the end, I couldn't even protect the remaining few tens of thousands in capital.

Actually, I have made the same mistake. Once, when trading BTC contracts, I clearly saw the trend wrong, and after opening a long position, the market kept falling. However, I was reluctant to admit my mistake, always thinking 'let's wait a bit, maybe the next K-line will rise'.

Watching the loss grow from 5% to 20%, I only gritted my teeth and cut my position when it was about to hit the liquidation line. That was a significant setback, losing nearly a third of my capital at that time, which made me wake up completely.

The market never moves according to people's thoughts; you think it should rise, it might drop even more; you think it is a trap for the bulls, it may truly surge. Admitting mistakes is not surrender; stubbornly holding on is truly foolish. Timely stop-loss can at least preserve capital and leave room for recovery.

Now in trading, I have set three strict rules for myself that I have never broken in ten years: immediately exit if I misjudge the market, never hesitate.

Whenever I opened a position, I must set a stop loss, even if it was a loss of just 1%, I followed the rules; if I felt emotionally overwhelmed and wanted to act irrationally, I would immediately close the trading software, go downstairs for a walk or read for a while, and return once my emotions stabilized.

Some people ask me if I have any secrets to making money. In fact, there are no secrets, just the persistence of the seven words 'not greedy, admit mistakes, follow the rules' for ten years.

In the cryptocurrency world, markets and opportunities are always present; it has never been the case that only large funds can make money. Even if you only have 10,000 in capital, as long as you can control your emotions and follow the rules, you can gradually turn your situation around step by step.

If you are also confused in trading and want to learn more practical skills and mindset control methods, feel free to follow @趋势猎手老金 . I will share the experiences I have gathered over the past ten years to help you avoid pitfalls and seize your own opportunities steadily in the market.