A real case—one I still feel quite sorry about.
I got to know a fellow coin trader last year. When he first entered the market, he only had 2,000U.
Back then, he was extremely cautious. When opening positions, he basically never exceeded thirty percent. For every trade, he set a stop-loss in advance. When he made profits, he didn’t get greedy; after a while, he would withdraw some.
He told me, “My principal is small—I can’t afford to really lose. I can only take it slow.”
As a result, in the two months that followed, his 2,000U grew to 8,000U.
During that period, he would trade at most two or three times a day. He didn’t chase hot trends, and he barely paid attention to the call-outs in groups. If he couldn’t read the market, he would just stay idle. Once he hit his target, he would close the position.
Even though his account didn’t grow extremely fast, it stayed steady.
At one point, during a chat, he even said, “I used to think making money depended on guts. But now I realize that if you trouble yourself less, you’re actually more likely to make money.”
I thought he had already found his own rhythm.
But later, he sent me a screenshot.
Someone turned 1,000U into 50,000U in three days. He asked me, “Can something like that really be done?”
I said, “Even if it’s true, it has nothing to do with you. Don’t learn from it.”
But not long after, he started to change.
His thirty percent position size became full allocation. His stop-losses began to get pushed back. Previously he only opened two positions a day; now he was practically opening trades all the time. When he profited, he couldn’t bear to leave. When he lost, he wanted to make up for it.
I asked him, “Why are you suddenly so rushed?”
He said, “What I used to do was too slow. I don’t know when I’ll be able to turn things around.”
A month later, he told me his account was gone—and that he had borrowed 20,000U as well.
To be honest, the most regrettable thing to me isn’t those original 2,000U. It’s that he had already proven his method could make money, but because he thought it was too slow, he ended up throwing away all the rules he had originally followed.
What’s most feared in trading isn’t slowness.
It’s making a bit of profit, and then suddenly believing you can find shortcuts.
I got to know a fellow coin trader last year. When he first entered the market, he only had 2,000U.
Back then, he was extremely cautious. When opening positions, he basically never exceeded thirty percent. For every trade, he set a stop-loss in advance. When he made profits, he didn’t get greedy; after a while, he would withdraw some.
He told me, “My principal is small—I can’t afford to really lose. I can only take it slow.”
As a result, in the two months that followed, his 2,000U grew to 8,000U.
During that period, he would trade at most two or three times a day. He didn’t chase hot trends, and he barely paid attention to the call-outs in groups. If he couldn’t read the market, he would just stay idle. Once he hit his target, he would close the position.
Even though his account didn’t grow extremely fast, it stayed steady.
At one point, during a chat, he even said, “I used to think making money depended on guts. But now I realize that if you trouble yourself less, you’re actually more likely to make money.”
I thought he had already found his own rhythm.
But later, he sent me a screenshot.
Someone turned 1,000U into 50,000U in three days. He asked me, “Can something like that really be done?”
I said, “Even if it’s true, it has nothing to do with you. Don’t learn from it.”
But not long after, he started to change.
His thirty percent position size became full allocation. His stop-losses began to get pushed back. Previously he only opened two positions a day; now he was practically opening trades all the time. When he profited, he couldn’t bear to leave. When he lost, he wanted to make up for it.
I asked him, “Why are you suddenly so rushed?”
He said, “What I used to do was too slow. I don’t know when I’ll be able to turn things around.”
A month later, he told me his account was gone—and that he had borrowed 20,000U as well.
To be honest, the most regrettable thing to me isn’t those original 2,000U. It’s that he had already proven his method could make money, but because he thought it was too slow, he ended up throwing away all the rules he had originally followed.
What’s most feared in trading isn’t slowness.
It’s making a bit of profit, and then suddenly believing you can find shortcuts.