12:18 p.m. His account was wiped out, he was 410,000 in debt, and he said he felt like he was about to fall into depression.
It took me two months to help him start over—from being liquidated to getting back on his feet.
July 5, 2021, 12:18 p.m. His account was wiped out. He felt completely empty. He was 410,000 in debt, and his credit card payments were overdue. There was only one thought in his mind: This time, it’s really over.
He used to run for three hours every day and eat regular meals. Then he started watching the charts all night, stopped exercising, and chain-smoked. That kind of breakdown isn’t just about losing money. Paper losses can be made up for, but when you’ve fallen apart, you can’t even be bothered to open the app.
A follower of mine, Xiao Deng, told me: “Bro, I feel like I’m about to fall into depression.” I understood. He’d thought about quitting countless times, but couldn’t bring himself to give up. Later, he delivered food and took odd jobs, working hard for two months until he’d saved 5,000 U.
I told him just one thing: This time, don’t trade recklessly. Don’t go all in, don’t use your entire balance, and don’t get greedy. Keep your position below 40%; the rest is money that could save your life. If you lose, cut your losses. Don’t indulge in wishful thinking or blame anyone. Follow the trend—don’t stubbornly try to guess the top or bottom.
Time went by, little by little. His 5,000 U became 10,000, then 20,000, then 50,000. There was no miracle. Just discipline. He eventually paid off his debt and found a sense of direction. I rebuilt my own rhythm alongside him.
Some people say it was luck. It wasn’t. It was a complete stop. Getting liquidated isn’t the scary part. The scary part is starting over after being wiped out, using the same out-of-control approach.
Whether it’s crypto or life, turning things around doesn’t depend on catching a wave. It depends on no longer putting more than 40% of your position in the hands of a feeling.
I wrote about position sizing and when to stop in @老森笔记 . If you’re still overdue on payments, wiped out, or thinking of quitting but can’t let go, leave a comment with how much you have left. I’ll only talk about how to keep your position under 40%—not about the next green candle.
It took me two months to help him start over—from being liquidated to getting back on his feet.
July 5, 2021, 12:18 p.m. His account was wiped out. He felt completely empty. He was 410,000 in debt, and his credit card payments were overdue. There was only one thought in his mind: This time, it’s really over.
He used to run for three hours every day and eat regular meals. Then he started watching the charts all night, stopped exercising, and chain-smoked. That kind of breakdown isn’t just about losing money. Paper losses can be made up for, but when you’ve fallen apart, you can’t even be bothered to open the app.
A follower of mine, Xiao Deng, told me: “Bro, I feel like I’m about to fall into depression.” I understood. He’d thought about quitting countless times, but couldn’t bring himself to give up. Later, he delivered food and took odd jobs, working hard for two months until he’d saved 5,000 U.
I told him just one thing: This time, don’t trade recklessly. Don’t go all in, don’t use your entire balance, and don’t get greedy. Keep your position below 40%; the rest is money that could save your life. If you lose, cut your losses. Don’t indulge in wishful thinking or blame anyone. Follow the trend—don’t stubbornly try to guess the top or bottom.
Time went by, little by little. His 5,000 U became 10,000, then 20,000, then 50,000. There was no miracle. Just discipline. He eventually paid off his debt and found a sense of direction. I rebuilt my own rhythm alongside him.
Some people say it was luck. It wasn’t. It was a complete stop. Getting liquidated isn’t the scary part. The scary part is starting over after being wiped out, using the same out-of-control approach.
Whether it’s crypto or life, turning things around doesn’t depend on catching a wave. It depends on no longer putting more than 40% of your position in the hands of a feeling.
I wrote about position sizing and when to stop in @老森笔记 . If you’re still overdue on payments, wiped out, or thinking of quitting but can’t let go, leave a comment with how much you have left. I’ll only talk about how to keep your position under 40%—not about the next green candle.