The day I lost 2.6 million, several extra decimal places seemed to appear on my account balance. The mockery nearly broke me.
The ridicule was deafening back then. It nearly wore down my will. When I lost 2.6 million, I almost went crazy.
During the LUNA crash, I started shorting from 50U. I rolled my 50,000 in capital all the way up to around 40x and made a million. Afraid of a rebound, I took profit. Then it fell to 2U, and I thought that was the bottom. If it rebounded to 20, I’d make at least 30 million. So I sold all the spot I had, added the million I’d made, scraped together more money, and went all in trying to buy the dip. I even uninstalled the exchange app, went out to have fun, and planned to check back in a month.
A week later, I couldn’t resist logging in. It felt like the sky had fallen. Several extra decimal places seemed to have appeared on my balance. My account was wiped out. I sat in front of the screen without moving for half an hour, my mind completely blank.
After that day, I swore: I wasn’t trying to turn my life around overnight; first, I had to stay alive. I sold my watch and some investments, scraped together 20,000U, and started rolling my position. People said it was high-risk, but I was determined to do it. This time, though, I’d follow rules, not feelings.
In six months, I turned 20,000U into over 3 million, following one strict set of rules. The first position could never exceed 10%. If I lost 300 dollars, I cut it immediately. Anyone who told me to wait a little longer might as well have been talking to a wall. I only rolled profits, and withdrew my initial capital so I wouldn’t feel bad if I got liquidated. Every add-on position came from profits; even when I got the timing wrong, I never touched my principal. For every 15% rise, I moved my stop-loss up by 12%. If the trend broke, I got out.
During ETH’s rebound, I rolled through four waves in a row. I made 900 in the first wave, then used add-on positions to roll it up to around 40x. What really broke through the capital ceiling for me was TRB, which I rode from 10U to 300U. The longs paid funding 12 times that day. Strong coins can multiply several times over in a flash. In July, I even publicly called out a few coins on the feed that went up 3x in a few hours. CFX was a bit weaker, but its spot price doubled in a day. Add leverage on a futures contract and the numbers get bigger—but so does the speed at which you can get wiped out.
Why can’t you turn things around? It’s not that you don’t know how to trade. It’s that you’re afraid to let profits run. You panic as soon as you make a little, then run at the first pullback. Your profits never grow enough, and turning things around stays a distant dream.
Remember: use profits to pursue more profits, and rules to keep yourself in the game. The crypto market doesn’t reward emotion; it rewards people who execute consistently. Maybe you’re stuck at 20,000U right now. Opportunities aren’t the problem. The question is whether you can keep your first position under 10%, and whether you’re willing to cut when you’re down 300.
I’ve written about the rules and how to spot strong coins in @老森笔记 . If you’re still buying dips all the way to zero and can’t hold on to profits, tell me in the comments which trade taught you that lesson. I’ll only talk about whether to hold or cut—not the next 100x coin.
The ridicule was deafening back then. It nearly wore down my will. When I lost 2.6 million, I almost went crazy.
During the LUNA crash, I started shorting from 50U. I rolled my 50,000 in capital all the way up to around 40x and made a million. Afraid of a rebound, I took profit. Then it fell to 2U, and I thought that was the bottom. If it rebounded to 20, I’d make at least 30 million. So I sold all the spot I had, added the million I’d made, scraped together more money, and went all in trying to buy the dip. I even uninstalled the exchange app, went out to have fun, and planned to check back in a month.
A week later, I couldn’t resist logging in. It felt like the sky had fallen. Several extra decimal places seemed to have appeared on my balance. My account was wiped out. I sat in front of the screen without moving for half an hour, my mind completely blank.
After that day, I swore: I wasn’t trying to turn my life around overnight; first, I had to stay alive. I sold my watch and some investments, scraped together 20,000U, and started rolling my position. People said it was high-risk, but I was determined to do it. This time, though, I’d follow rules, not feelings.
In six months, I turned 20,000U into over 3 million, following one strict set of rules. The first position could never exceed 10%. If I lost 300 dollars, I cut it immediately. Anyone who told me to wait a little longer might as well have been talking to a wall. I only rolled profits, and withdrew my initial capital so I wouldn’t feel bad if I got liquidated. Every add-on position came from profits; even when I got the timing wrong, I never touched my principal. For every 15% rise, I moved my stop-loss up by 12%. If the trend broke, I got out.
During ETH’s rebound, I rolled through four waves in a row. I made 900 in the first wave, then used add-on positions to roll it up to around 40x. What really broke through the capital ceiling for me was TRB, which I rode from 10U to 300U. The longs paid funding 12 times that day. Strong coins can multiply several times over in a flash. In July, I even publicly called out a few coins on the feed that went up 3x in a few hours. CFX was a bit weaker, but its spot price doubled in a day. Add leverage on a futures contract and the numbers get bigger—but so does the speed at which you can get wiped out.
Why can’t you turn things around? It’s not that you don’t know how to trade. It’s that you’re afraid to let profits run. You panic as soon as you make a little, then run at the first pullback. Your profits never grow enough, and turning things around stays a distant dream.
Remember: use profits to pursue more profits, and rules to keep yourself in the game. The crypto market doesn’t reward emotion; it rewards people who execute consistently. Maybe you’re stuck at 20,000U right now. Opportunities aren’t the problem. The question is whether you can keep your first position under 10%, and whether you’re willing to cut when you’re down 300.
I’ve written about the rules and how to spot strong coins in @老森笔记 . If you’re still buying dips all the way to zero and can’t hold on to profits, tell me in the comments which trade taught you that lesson. I’ll only talk about whether to hold or cut—not the next 100x coin.