After losing 6 million, I finally understood something for real: in the crypto world, surviving is always more important than how much you make.
This 6 million wasn’t lost bit by bit—it was something I gradually carried on my own until it was gone. After the floating loss hit, I couldn’t bring myself to cut losses. I kept telling myself the market would return sooner or later. In the end, it just kept dropping—buying more and more, adding more and more. My position got heavier and heavier, until one normal drawdown finally came, and the whole account was wiped out.
When liquidation happened, I stared at the screen for a long time. One question kept looping in my head: How long did it take me to save up this 6 million—and why was it gone in just one night?
Later, I asked myself again and again: if I had cut losses in time back then, would I still have kept most of it? If I hadn’t kept adding positions, would I never have walked all the way to liquidation? But the market doesn’t give you a chance to redo. If the money is gone, it’s gone. No matter how much regret you have, you can’t get it back.
And it was from that point on that I finally figured out something: what matters most in trading is never how much you profit on a single trade—it’s whether you can keep staying in the market.
You might make a lot at the start. But if you give it all back because of one oversized position or one decision to keep holding, then what meaning do those earlier profits have? On the other hand, even if you make money more slowly—if you control the risk on every single trade—your account still has the possibility to keep growing.
To last longer in the market, there really isn’t anything especially complicated: keep any loss per trade within the range you can tolerate. Decide your stop-loss before you enter, and then execute it strictly when you reach that level. After your direction is correct, only then consider increasing your position using profits—don’t keep using your principal to average down. And when you actually make money, lock in some of it in a timely way. Don’t let the floating gains in your account turn back into just numbers.
The lesson bought with 6 million is one thing I remember now:
First survive, then talk about how to make money.
Once your principal is gone, no matter how many opportunities there are, they have nothing to do with you. As long as you’re still at the table, when the next wave comes, you’ll have the right to keep participating.#Polymarket伊朗封锁结束概率降至23%
This 6 million wasn’t lost bit by bit—it was something I gradually carried on my own until it was gone. After the floating loss hit, I couldn’t bring myself to cut losses. I kept telling myself the market would return sooner or later. In the end, it just kept dropping—buying more and more, adding more and more. My position got heavier and heavier, until one normal drawdown finally came, and the whole account was wiped out.
When liquidation happened, I stared at the screen for a long time. One question kept looping in my head: How long did it take me to save up this 6 million—and why was it gone in just one night?
Later, I asked myself again and again: if I had cut losses in time back then, would I still have kept most of it? If I hadn’t kept adding positions, would I never have walked all the way to liquidation? But the market doesn’t give you a chance to redo. If the money is gone, it’s gone. No matter how much regret you have, you can’t get it back.
And it was from that point on that I finally figured out something: what matters most in trading is never how much you profit on a single trade—it’s whether you can keep staying in the market.
You might make a lot at the start. But if you give it all back because of one oversized position or one decision to keep holding, then what meaning do those earlier profits have? On the other hand, even if you make money more slowly—if you control the risk on every single trade—your account still has the possibility to keep growing.
To last longer in the market, there really isn’t anything especially complicated: keep any loss per trade within the range you can tolerate. Decide your stop-loss before you enter, and then execute it strictly when you reach that level. After your direction is correct, only then consider increasing your position using profits—don’t keep using your principal to average down. And when you actually make money, lock in some of it in a timely way. Don’t let the floating gains in your account turn back into just numbers.
The lesson bought with 6 million is one thing I remember now:
First survive, then talk about how to make money.
Once your principal is gone, no matter how many opportunities there are, they have nothing to do with you. As long as you’re still at the table, when the next wave comes, you’ll have the right to keep participating.#Polymarket伊朗封锁结束概率降至23%