Unknowingly, I've been in the circle for over 10 years

At 33, looking back, back in 2015 when I just entered, the little capital I had was still borrowed, 50,000 yuan, I had no confidence at all

Now my account has surpassed 10 million, to be honest, my feelings are quite complicated, the earnings aren't fast, nor are they based on luck, it's just climbing out of one pit after another with reflection

I do trading, really going from long-term to short-term, from ultra-short to intraday swings, I've tried various styles one by one

Now you say I understand technology, I'm not a top expert, but I can honestly say my understanding of losing money is deeper than most people

In these 6 years, I've seen too many people build high towers only for them to collapse. From tens of thousands to tens of millions, a bear market can wipe it all out

Do you think their skills are poor?

No, they just got used to holding their positions, when luck is gone, and the bullets are used up, one drawdown can wipe out their accounts

Some people can make back 100 times, but as long as they can't hold on once, it's not just a small loss, it's a complete wipeout

There's another problem that really gets to me, too many people get "urgent" as soon as they lose money

They just want to make back their losses, resulting in chaotic operations, and in the end, they lose everything

I'm not a saint, I have my moments too. But I understand one thing clearly: you have to admit that the market won't listen to your commands

Don't think “I feel it should rise” means it will rise, “I judge this is a trap” means it will definitely be a trap. If you're wrong, you should leave, not just stubbornly hold on

In the cryptocurrency trading world, the essence is whether you can endure? Can you admit that sometimes you are wrong? Can you work according to rules?

To say something unpleasant, it’s not that you don't understand trading, you just can't stand losing, you don’t want to admit you're wrong, and you're greedy

Stop calling yourself “faithful”, and saying things like “holding on will come back”, this is not faith, this is the self-deception of a gambler

I just take simple rules to the extreme:

Admit when you're wrong

Set a stop-loss when you open a position

As long as you are willing to turn off your emotions, and establish rules, don't say with a capital of 60,000, even with 10,000 you can turn it around!