From Margin Call to Turnaround: A Newbie's Journey to Resurgence
Three years ago, I dove headfirst into the cryptocurrency market with 30,000 U. Like most newbies—I rushed to catch the surge, afraid of missing out, and held on to the dips. My account dwindled, and I lost count of the times I'd been margin-broken. At the time, I always thought I wasn't smart enough, but later I realized it was fundamentally my faulty thinking.
It dawned on me for the first time: the experts were actually "chasing the ups and downs." I used to focus on bottom-fishing, only to miss out on major upswings. Truly skilled traders, on the other hand, dared to enter the market with 2x leverage when the price broke through key levels, then rolled over their positions with profits to fully capitalize on the market. They weren't afraid of high prices, but rather of missing out on the trend.
My second shift: using "trial and error funds" to open positions. I finally mastered position management: I only took 15% of my first trade, set a 5% stop-loss, and set a target of over 30%. I gradually increased my position when I made a profit, and I wasn't too shaky when I lost. The most crucial thing is to withdraw your principal as soon as you've made a 20% profit, and use all the profits afterwards. This immediately relaxed my mindset, and I became more decisive.
My third transformation: I developed a "four-step harvesting method." First, only invest in coins with clear trends, ensuring the MACD cross is above the 0-axis; second, hold on to the 20-day moving average as soon as it holds above it, and take profits immediately if it breaks below; third, decisively double your position when there's significant volume on a breakout; and fourth, sell without hesitation if it breaks below the support level the next day. This method allowed me to achieve consistent profits for the first time, freeing me from emotional turmoil.
Over the past few years, I've learned the iron laws of the market: the longer the sideways movement, the more volatile the market will be when it turns; sharp declines are opportunities, while slow declines are truly terrifying; buy when everyone is panicking, sell when everyone is celebrating. The market always rewards those who dare to go against human nature.
Looking back now, the tuition I paid for my failed trades was actually my most valuable investment. It helped me completely shed my "leek mentality" and truly begin to grow. If you're still obsessed with bottom-fishing and going all-in, stop and think: Should you continue to be a loser, or learn to navigate the market with rules and discipline?
