First, I want to clarify: those who want to get rich quickly through this circle can dispel their fantasies. I know many people in this circle, including some big influencers and bloggers, but only a very small number of people succeed, while the majority are deeply in debt, including myself.

In the past year and a half, I have repaid some urgent loans, and I am still in debt, but I have actually done quite well during this past year, which can be considered a partial understanding. I originally wanted to post a profit chart, but I was afraid it would be censored. So I will write about my experiences in the crypto circle over the past five years and some insights on gradually turning things around in the past year and a half. I hope it can help those who are currently in debt.

The liquidation of TRB is actually a scar in my heart. During that time, I endured too much psychological and financial pressure, which made me despair of this circle.

As for how to gradually adjust myself later, I will give you some suggestions that you might find suitable; if you don't like it, please don't criticize.

1: Capital management

I think everyone understands the importance of capital management, so I won't elaborate too much. For example, I am currently using half of my capital to trade. Regardless of losses or gains, I can ensure that during this time, every time I open a position, I can have a fixed amount of capital to avoid liquidation.

2: Leverage multiplier

In fact, everyone can see that on any social platform now, there is a group of people sharing their trades, and the leverage is 100 times, which is called investment. In my opinion, it's just gambling.

One very important point is: lower leverage.

No matter how much you have lost or gained now, you should know that there has never been any certainty in this circle, only by preserving your capital and minimizing drawdown can you achieve success.

For example: Currently, the mainstream opening is at 20 times, and for highly certain markets, I can go up to 40 times. I rarely do altcoins, and if I open an order, it's 3 times.

3: The most important: Discipline

Every time I open a position, regardless of whether I am confident, there must be a reason or logic, to see if the profit space meets my profit and loss ratio.

After breaking, you must stop loss without hesitation, even if it means opening five orders and losing five orders.

I occasionally engage in left-side trading, so my stop loss frequency is currently very high.

But over this past year, I have found that learning to stop loss is the beginning of profit.

You must always maintain a clear mind. If the market reaches your stop loss level, you absolutely cannot hold the position. Even if it might just be a false breakdown or false breakout. What you need to adhere to is discipline, not luck.

4: Profit and loss ratio

Turning things around still relies on the profit and loss ratio.

Many years ago, I was also very naive, imagining that I could hold on to a position and make a killing.

If I lose, I will make up for it and pull the cost price.

But this kind of operation keeps me awake at night, the overall drawdown is terrifying.

Last year, I set my own discipline and started pursuing profit and loss ratios.

For example: For profitable positions, my current approach is to take profits in batches once it exceeds 30% profit, and I will place the stop loss at a little over five percent. The situation of adding to profits usually occurs after a large bullish or bearish candle stabilizes, and I will find a position to add, but I will also raise the stop loss.

My stop loss is very small, so I have been frequently stopped out recently, basically losing every day, but my overall account is unaffected.

In the end, it is really hard to express my most intuitive feelings.

The feeling of debt, the feeling of watching the market, and the feeling of frequent stop losses all intertwine, which is truly a kind of torment. Fortunately, life is getting better day by day. But if I could start over, I would rather do my job steadily and never return to the crypto circle.

By the way, I must mention that cashing out in the crypto circle is still part of my job.

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