After blowing up 5 times, I finally understood one thing: “How not to lose the principal today.”
I used to be different.
Chasing the price, going all-in, putting everything in—whichever was the most thrilling to play, I played it. I always felt that once I caught one big move, I could directly change my life. My account did grow from over 60k U to a peak, but then it fell again. At its worst, I had less than 1,000 U left.
Looking back now, it wasn’t that I was that good. It was just that the market gave me a few lucky breaks. When I profited, I thought I’d found the Holy Grail; when I lost, I convinced myself that if I just waited a bit longer, it would definitely rebound. The more I lost, the more I held on. The more I held on, the more I couldn’t accept losing. In the end, I even held the principal until it disappeared.
After those few liquidation events, I finally started to truly change my trading habits.
First: before opening a position, calculate how much I can afford to lose.
Before, my first instinct was “How much can I make on this trade?” Now my first instinct is “If I’m wrong, how much will I lose?” Set the stop-loss first, then decide the position size. Stop-loss isn’t surrender—it’s giving myself the right to come back for another round.#以太坊时隔七个月重返2600美元
Second: any money you make must be locked in—taken off the table.
Don’t always think about selling at the very top. Floating profit in the market, before you’ve actually taken it, is still just a number. The real profit that belongs to you is the money you’ve already taken and already left the risk zone.
Later, I became more and more convinced that trading isn’t about who can earn the fastest in a single year—it’s about who is still at the table a few years later. Stay alive first, then make money; protect the principal first, then talk about compounding.
The market never rewards the bravest person. It only rewards people who know when to make their move and when to pull back.#英伟达洽谈至多100亿美元投资Anthropic
I used to be different.
Chasing the price, going all-in, putting everything in—whichever was the most thrilling to play, I played it. I always felt that once I caught one big move, I could directly change my life. My account did grow from over 60k U to a peak, but then it fell again. At its worst, I had less than 1,000 U left.
Looking back now, it wasn’t that I was that good. It was just that the market gave me a few lucky breaks. When I profited, I thought I’d found the Holy Grail; when I lost, I convinced myself that if I just waited a bit longer, it would definitely rebound. The more I lost, the more I held on. The more I held on, the more I couldn’t accept losing. In the end, I even held the principal until it disappeared.
After those few liquidation events, I finally started to truly change my trading habits.
First: before opening a position, calculate how much I can afford to lose.
Before, my first instinct was “How much can I make on this trade?” Now my first instinct is “If I’m wrong, how much will I lose?” Set the stop-loss first, then decide the position size. Stop-loss isn’t surrender—it’s giving myself the right to come back for another round.#以太坊时隔七个月重返2600美元
Second: any money you make must be locked in—taken off the table.
Don’t always think about selling at the very top. Floating profit in the market, before you’ve actually taken it, is still just a number. The real profit that belongs to you is the money you’ve already taken and already left the risk zone.
Later, I became more and more convinced that trading isn’t about who can earn the fastest in a single year—it’s about who is still at the table a few years later. Stay alive first, then make money; protect the principal first, then talk about compounding.
The market never rewards the bravest person. It only rewards people who know when to make their move and when to pull back.#英伟达洽谈至多100亿美元投资Anthropic