In 2018, the cryptocurrency bear market.
I went all in with a principal of 200,000, thinking I was a "bottom-fishing expert," but within a few days, my account was crushed to the point of barely surviving. During that time, I cut losses faster than the market surged, and my chasing of prices was more aggressive than a waterfall. In less than six months, 200,000 painfully shrunk to only 80,000!
My friends laughed at me, and my parents advised me to quit. But I gritted my teeth and held on—not because I refused to admit defeat, but because I was unwilling to give up!
I understood that it was not money I had lost, but dignity. As long as I did not admit defeat, this game was not over!
So, I began to obsessively review my trades.
Day and night, I watched the markets, analyzed trends, devoured technical books, like a crazy gambler blinded by greed. Slowly, I managed to find three life-saving rules within those cold, hard curves.
First rule: Stop loss at 2%, execute with iron will!
No matter how tempting the market, if it hits the stop-loss level, I will not hesitate! I would rather be kicked out than let my account bleed endlessly.
Second rule: Leverage should not exceed 3 times!
In the past, I was superstitious about high leverage; the dream of getting rich overnight shattered worse than anyone else. Now, I only play with low leverage, steadily making progress; even if it's slow, I want to go far.
Third rule: Only look at weekly trends!
Minute charts and daily charts are graveyards for retail investors! I only focus on weekly charts and follow major trends. Once the market confirms a trend, I can confidently hold my position even while sleeping.
Since then, my trading frequency has changed from "full position every day" to "no more than three times a month." Yet my win rate soared from 30% to 70%!
Looking back, that year’s miserable defeat was not the end, but the beginning.
Because I finally understood—capital is not meant for gambling, but is the seed of all future wealth.
