I talked about a lot of things during my live stream last night. According to my money management strategy, I would not have incurred debt in 2021. At that time, my dad took away several million when I needed money the most. I was sure that a bull market was coming, but I had no funds to operate with. By the end of the year, I managed to get by with $20,000, and then when it crashed and I needed money again, I couldn't find any. Including 2025, under my money management strategy, I could never go bankrupt.
I started trading contracts in 2020 and survived until June 2021. In June, I suddenly had a drawdown of several million. At that time, I was certain that the false breakout at 29,000 was a bottom, so I asked my dad for several million, but he didn't give it to me, which left me without funds to trade. I was used to holding several million dollars' worth of positions and ended up losing money in my haste.
Many people in the crypto circle still don't understand that it is impossible to lose everything as long as there are no external factors interfering. Because of my money management strategy, I divide all my money into dozens of portions. As long as there is a big market movement, I can capture dozens of times. However, whenever I need money the most, there are always some scoundrels stealing and cheating me. It is the same now; during this big surge, I should at least be able to put out ten million dollars, but I can't come up with that amount.
What I want to tell you is that according to my money management strategy, I can never lose everything in my life. If I ever lose it all, it would definitely be because some idiots took my money, which prevented me from replenishing my position in time and caused my mentality to collapse. That is the biggest problem.
It's like sometimes when a business really needs a bank loan, and the bank refuses to approve the funds, that business ends up going bankrupt. The same principle applies to me; if I weren't backstabbed by these people or if my money wasn't taken, I would have had a very comfortable life these past few years. In 2021, it was simply impossible to incur debt, but some scoundrels disrupted the rhythm. Sometimes, the rhythm of life can be easily disrupted, especially for those who trade professionally; one wrong move can throw everything off.