I’ve never quite understood his habit. In the past, I always thought he was kind of strange.
Every time he makes money, he transfers it into his funds account, and he has to withdraw once every week.
I asked him, “The market is so good now—why not add to your position and keep rolling?”
He let out a bitter smile: “I used to suffer a huge loss. When the money is sitting in the account, it’s just paper wealth. It’s easy to end up with nothing but false joy. Money that hasn’t actually landed in your hands doesn’t count as your own. It’s only a string of numbers on the exchange.”
He only truly realized this after trading crypto for 75 years. He went from 8,000 U to 150,000 U, and then to his first million in life. He also experienced periods of consistent profits, heavy positions, holding through difficult trades, and watching gains eventually give back. At his worst, the account had already made quite a bit, but in the end, after several rounds of increasing his position, he returned a large chunk to the market.
Later, he flipped the approach. Before entering any trade, he first determines the maximum amount he is willing to lose—not how much he could potentially make. If the market hasn’t reached his level, he doesn’t open a position just because he’s itching to trade. After making a few consecutive wrong calls, he simply stops. Most importantly, his profits start to truly land in his pocket. He completes a stage, then takes part of the profit with him. That way, the next time he trades, at least some of the money in his account no longer depends on the market.
He told me: now when he sees a coin suddenly surge, his first reaction is no longer whether he can still chase it, but what happens if he enters now and is wrong—how he’s going to deal with it. This is his biggest change over the past few years. Before, he traded by looking for opportunities. Now he trades by filtering out opportunities that aren’t worth taking.
From 8,000 U to 1 million, what changed him was finally realizing this: after you’ve made money, the scariest thing isn’t a market pullback—it’s suddenly thinking you can do anything. Life also becomes more confident, and he’s no longer so easily controlled or manipulated by others #one
Every time he makes money, he transfers it into his funds account, and he has to withdraw once every week.
I asked him, “The market is so good now—why not add to your position and keep rolling?”
He let out a bitter smile: “I used to suffer a huge loss. When the money is sitting in the account, it’s just paper wealth. It’s easy to end up with nothing but false joy. Money that hasn’t actually landed in your hands doesn’t count as your own. It’s only a string of numbers on the exchange.”
He only truly realized this after trading crypto for 75 years. He went from 8,000 U to 150,000 U, and then to his first million in life. He also experienced periods of consistent profits, heavy positions, holding through difficult trades, and watching gains eventually give back. At his worst, the account had already made quite a bit, but in the end, after several rounds of increasing his position, he returned a large chunk to the market.
Later, he flipped the approach. Before entering any trade, he first determines the maximum amount he is willing to lose—not how much he could potentially make. If the market hasn’t reached his level, he doesn’t open a position just because he’s itching to trade. After making a few consecutive wrong calls, he simply stops. Most importantly, his profits start to truly land in his pocket. He completes a stage, then takes part of the profit with him. That way, the next time he trades, at least some of the money in his account no longer depends on the market.
He told me: now when he sees a coin suddenly surge, his first reaction is no longer whether he can still chase it, but what happens if he enters now and is wrong—how he’s going to deal with it. This is his biggest change over the past few years. Before, he traded by looking for opportunities. Now he trades by filtering out opportunities that aren’t worth taking.
From 8,000 U to 1 million, what changed him was finally realizing this: after you’ve made money, the scariest thing isn’t a market pullback—it’s suddenly thinking you can do anything. Life also becomes more confident, and he’s no longer so easily controlled or manipulated by others #one
