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I’ve made 48 million, and I still feel like it’s not enough to spend.
The hardest thing to win in crypto was never money. Even after making 48 million, I still feel like it’s not enough to spend. I’m not bragging. If you’ve been through it, you know the feeling.
Born in 1990, I moved to Shenzhen after graduating from college and entered the crypto market in 2014. Two homes, two cars. I spend 100,000 a month, and barely notice it. Most of my assets are still on exchanges. Honestly, trading stopped being romantic a long time ago.
People who’ve spent years in the market have long moved past getting excited when prices tick up or losing sleep when they fall. What’s left are three things: repetition, boredom, and fighting yourself.
Staying up late is nothing unusual for us. The market is our alarm clock; day and night make no difference. You’ll see plenty of so-called young hotshots who aren’t that old, but look years older than their peers. We trade our health and emotions for experience. I’m one of the more resilient ones, but even I’ve had my share of problems.
Stop imagining a life of partying every night. The reality is mostly just going through the motions. Even when I go out to relax, there’s always a taut wire in the back of my mind. It’s not greed; it’s fear. The more people who trust you, the less you dare to stop. Most of the time, I’m not socializing—I’m watching the charts, tracking sentiment, reviewing trades, and reflecting. My phone is always full of messages I haven’t gotten through.
The pressure doesn’t go away; it only gets worse. At first, you learn how to relieve stress. Later, you learn how to bear it. Replying to messages, explaining your reasoning, adjusting your positions. Those who know, know: being off by one price level can mean the difference between life and death.
I’ve always stuck to a few rules: don’t rely on gut feeling, and respect the emotions you’re feeling in the moment. You must have a stop-loss, and both the market structure and your ability to withstand the pressure matter. You need both. If your reasoning holds, stay in. If you’re wrong, admit it. Trading isn’t about who can hit hardest; it’s about who can go the distance.
Only when you get to the end do you realize it was never about technical skill. It’s about whether you can control yourself. I hope you, who came across this post, can slowly beat the person most likely to hold you back: yourself.
Today, I’m not talking about dreams of getting rich overnight. I’m talking about how to hold on to what you’ve earned. I wrote about stop-losses and taking profits in @老森笔记 . If you still lose sleep when prices rise and add to your position when they fall, leave a comment telling me what time you go to bed these days. I’m looking at your routine, not the numbers.
1,000U to 100,000 in 46 days. Nobody would believe it. He turned 1,000U into 100,000 in 46 days. Later, he told me, “Teacher, I watched so many big influencers, but in the end, this simple strategy was what turned things around for me.” He started with just 1,000U, blowing up every day and feeling hopeless every day. Honestly, I wasn’t sure I wanted to coach someone in that state. Then he sent me one line: “I just want to turn things around. I’ll do what you say—I'll be a good student and follow instructions.” So I gave him one piece of advice: compound your gains and control your position size. Don’t expect to get rich overnight. You can win one trade at a time. On day one, he only put 200 of his 1,000U to work, with 3x leverage. He made 46 and got out immediately, then kept compounding the rest. By day three, he was up to 1,440 in total, but he was still only using a third of his capital. By day ten, he was over 3,000. I told him not to get greedy: take a break after each winning streak. By day twenty-five, he was steadily at 6,800. He put his original capital into a medium-term trade and kept taking small profits with the gains. On day forty-six, he sent me a screenshot: 100412. Even he said he couldn’t believe it. Position management is that simple: split your capital into 5 parts and use no more than 1 at a time. Never give the market a chance to wipe you out in one go. Don’t go all in, and don’t trade against the trend. If you’re wrong, cut your losses. After one losing trade, take a break. Take profits in time—don’t get greedy, don’t drag it out, and don’t stubbornly hold on. If you’re still blindly adding to your position and stubbornly holding against the trend, you’re not trading—you’re becoming someone else’s cautionary tale. This isn’t gambling; it’s logic, discipline, and whether you’re willing to walk away after making 46. Getting rich isn’t luck. It takes a strategy—and actually following it. You’re not incapable; you just haven’t learned to control that one part of your position. I’ve explained how to split your capital into 5 parts and when to take a break after a winning streak in @老森笔记 . If you’re afraid of losing and want to turn things around, drop a number in the comments. I’ll look at how many parts you’re using for this trade, not how much you hope to make.
What’s the simplest way to make a million? It took me 9 years, and I hit zero along the way. What’s the simplest way to make a million? I can’t answer that. I only know how I managed not to get wiped out. I’m a post-90s Chengdu native, now settled in Shenzhen. Five years ago, I entered the market properly with 30,000 USDT. Strictly speaking, I’d actually been in it for nine years. For the first four years, I was a complete beginner: stop-losses, liquidations, getting wiped out—and even an exchange running off with my money. So now I only keep my funds on Binance, a certain “Yi,” and a certain “Ma.” I’m not saying everyone has to do the same. Just one thing: losing tens or hundreds of thousands because a small exchange disappears hurts a hundred times more than losing it in the market. At least when you lose in the market, you got to take part. When an exchange runs off with it, it’s just gone. I fell into every trap there was in those years. My girlfriend threatened to break up with me, and I drank every day to drown my sorrows. I did manage to avoid the March 12 crash, though. It’s hard to judge a lot of things now. I made it back, more or less, by buying the dip in that wave. Everyone knows Liangxi: starting with 2,000 yuan, he rode the March 12 crash all the way to the tens-of-millions level and made a name for himself in one battle. My story wasn’t that dramatic. Later, I just steadied my mindset, reviewed the market every day, and kept refining both my strategy and myself. Looking back, my account had grown to over 10 million USDT. Today, just six points. Understand one, and you could save yourself a hundred thousand in losses. Put three into practice, and you can outperform most people. When the price rises quickly and falls slowly, it’s usually big players accumulating. A sharp rise followed by a slow decline—don’t panic; it’s often just a shakeout. A real top looks like this: a high-volume pump, followed by a sudden plunge. That’s the real bull trap. When the price falls quickly and rises slowly, it’s usually distribution. A slow rebound after a flash crash isn’t a bargain—it’s the final stab. Don’t cling to the fantasy that after falling this much, it can’t fall any further. I paid dearly for that fantasy. High volume at the top doesn’t necessarily mean it’s over; no volume is what’s dangerous. If there are still buyers at high levels, it might make one more run. When volume suddenly dries up at the top and everything goes dead quiet, that’s what it looks like before a collapse. Don’t rush in just because there’s a single volume spike at the bottom. Volume expanding after several days of low-volume sideways trading—that’s more like accumulation. One bullish candle can fool you, and it costs very little to create one. A lot of people aren’t lacking in effort. They’re just stumbling around alone in the dark, trapped in the same cycle over and over. There are always opportunities in the market. But timing waits for no one. What you need isn’t to run faster—it’s for someone to hold up a light so you can see the road. I wrote these six points in @老森笔记 , and I check them against that day’s volume. If you’re still chasing pumps and panic-selling, stumbling around on your own, leave a comment with the trade you lost the most on. I’ll only tell you whether that trade was accumulation or distribution—not what the next coin to make a million will be.
Starting with 1,200U, he said, “I’m not here to chase a dream. I’m here to lay the foundation.” A couple of years ago, I worked with a follower who had 1,200U. He told me, “Bro, I’m not here to chase a dream. I’m here to lay the foundation.” I still remember those words. 1,200 isn’t a lot, but it’s not nothing either. With that little money, the old approach—betting on direction, going all in, and relying on luck—could wipe you out in one trade. So those first few days were especially tough. While people in the group were posting trades worth thousands or tens of thousands, he was making just tens or a hundred a day. It was so slow that even he started wondering if he was doing it wrong. I told him, “At this stage, don’t think about getting rich overnight. Your goal is to stay in the game. Give yourself a wider margin of safety, build your core position, regain your confidence in your win rate, and keep the pace in your own hands. If you haven’t even laid the foundation but you’re already trying to build a penthouse, when it collapses, you won’t even be able to pick up the bricks.” Later, when his account doubled for the first time, he told me things had finally started to click. It wasn’t that the market suddenly turned in his favor. He could gradually increase his position, profits started compounding on their own, and his hands stopped shaking so much. From a few hundred to a few thousand; from only being able to defend to daring to step up when the market moved. Only people who’ve traded with a small account understand that feeling. Before, you were afraid. Now, you can wait. I spent two years refining this approach. It’s not about calling trades or telling people to go all in. It’s simply a path that people with just over a thousand who still want to turn things around can actually stay on. Knowing when to manage risk, when to add using profits, and when you absolutely have to stop—that’s worth more than the words “get rich overnight.” You can make it in crypto. Most people fail because they want to live in the penthouse before they’ve laid the foundation. Turning 1,200 into more isn’t about one magical trade; it’s about not going all in during those grueling first few days. If you’ve still got just over a thousand and want to change your life with one trade, hold on for now. I’ve written up how to lay this foundation in @老森笔记 . Just leave how many U you have in the comments. I’ll look at your position, not your dream.
Woke up to find BTC and ETH both down? $770 million in liquidations.
Checked the markets this morning: BTC had fallen below $82,000, and ETH had lost the $2,425 level. A lot of people are still asking: Things looked fine yesterday—why are prices falling again?
It wasn’t a sudden sell-off. Three things are coming into play at once: macroeconomic pressure, leverage being flushed out, and institutional outflows. Around $770 million was liquidated across the market in the past 24 hours, including nearly $685 million in long positions. Longs have been the biggest casualties in this pullback.
What happened?
BTC fell around 2.8% to 2.9% over 24 hours, briefly reaching the $81,300–$81,500 range. ETH fell harder, down around 4.6% to 4.8%, and lost the $2,425 level. Major altcoins like SOL and XRP were also broadly under pressure, with even steeper declines. From its early October high, BTC had come close to $87,000, making this an ongoing pullback. Today was just another concentrated wave of selling.
Why did prices fall?
Leverage amplified the decline. Prices fell below key round-number levels, triggering the forced liquidation of a large number of long positions. Prices fall, positions get liquidated, and prices fall further. The fact that most liquidations were longs shows that traders were still adding leverage near the highs.
Institutions are pulling back. Last week, U.S. spot BTC ETFs saw net outflows of around $681 million—their worst week since June. ETH ETFs also saw outflows of around $542 million. With weaker buying, there’s less support below.
The macro backdrop isn’t helping. The 10-year U.S. Treasury yield is still around 5.2% to 5.3%, and the dollar is relatively strong. Non-yielding risk assets are among the first to come under pressure. Markets are waiting for Wednesday’s U.S. CPI report and are moving into safe-haven assets ahead of its release. Geopolitical tensions and oil prices are also weighing on risk appetite.
Global markets are cooling off together. South Korea’s stock market plunged today, with the Kospi sharply lower at the open and down more than 6% at one point during the session. Chip stocks led the decline. U.S. tech stocks are also looking weak. Crypto is a high-risk asset, so when sentiment turns cold, it’s one of the first to feel it.
What to watch next
The key event is Wednesday’s U.S. CPI report. Softer data could ease pressure from yields and the dollar, giving risk assets a chance to rebound. Stronger data would likely keep macroeconomic pressure in place.
Technically, the first thing to watch is whether BTC can hold around $81,000. ETH is weaker; the question is whether it can reclaim $2,500. Until it does, any rebound may look more like an opportunity for leveraged traders to reduce their positions.
Pullbacks driven by macro factors and leverage unwinds like this aren’t unusual these days. Sentiment has cooled from greed: the Fear & Greed Index has fallen from 69 to around 57. The market hasn’t turned fully cold, but it hasn’t heated back up either.
What do you think of this pullback? An opportunity after a shakeout, or is the macro pressure not over yet? Let’s talk in the comments.
Only 1,000U—don’t dream of changing your life with one trade. Three months later, he had 50,000U. Just got into crypto and only have 800 to 1,500U in your account? Don’t dream of getting rich overnight. The idea that one trade can change your life is a lie. Growing a small account has never been about gambling. It’s about staying in the game and building up little by little. A friend of mine started with 1,000U. He used to like going all-in with big positions. Whenever he saw his unrealized profits, his heart would race. Several times, he thought he was about to get rich—then got liquidated within minutes and his account was wiped out. The classic mistake: chasing when prices rose and averaging down when they fell. His account just kept shrinking. Later, he set new rules and grew it to 50,000U in three months. He changed just three things. Always keep something in reserve. Splitting your funds into separate positions gives you the greatest sense of security. Keep short-term, trend-following, and reserve funds separate, each with its own purpose. If one trade goes wrong, you won’t use up all your chances to turn things around. As long as your reserve funds are still there, you’re still in the game. Wait only for high-quality opportunities. The market isn’t worth trading every day. Stay out of choppy markets, and don’t place bets before a trend is confirmed. The people who really make money often aren’t the ones who trade the most, but the ones who wait the longest. People who click every day are just paying fees. Keep emotions out of it. When you lose, don’t rush to make it back. When you’re in profit, don’t try to squeeze out the very last bit. Cut losses when you should, and take profits when you should. Many people don’t lose to the market—they lose to greed and fear. With a small account, the most important thing isn’t speed; it’s consistency. Your account can grow gradually, as long as you stay in the market. Protect your principal, and you’ll have the chance to wait. Turning 1,000U into 50,000U wasn’t because of some magical trade. It was because he stopped the behavior that kept wiping out his account. I’ve posted the three rules on my profile. If you’re still chasing when prices rise and averaging down when they fall, leave a comment with how many U you have now. I’ll only talk about how to split your funds and when to sit on the sidelines—not about the next life-changing trade.
How much do you need to invest to turn your life around? My answer was four characters: 10,000 yuan. Some people say crypto is a way to make speculative money—it all comes down to luck. I think when it really matters, what counts is whether you dare to start with just 10,000 yuan. A follower went into BTC, bought the dip near ETH at 3,100, and kept scraping together money to add to his position as it fell. When it dropped to around 1,700, he got liquidated. It bottomed out near 1,400, and everything he’d made before—as well as his original capital—was gone. He said he’d gotten used to the crypto world’s habit of tossing around thousands and tens of thousands at a time. Now, working a real-world job that pays a few thousand a month, he couldn’t settle down at all. He asked me, “Bro, how much do I need to invest to turn things around?” I answered with four characters: 10,000 yuan. Last month, I caught the AKE rally and compounded my gains to 42,000 U. It was just the beginning. There’s an even more vivid example close to me. A friend was ready to put in 400,000 yuan and take a shot, even though he’d never traded crypto before. I told him not to rush—start with 10,000 and give it a try. If you can double 10,000, then we can talk about adding more. He didn’t believe me. He said 10,000 wouldn’t be enough to turn his life around. I told him: losses are calculated by percentage, not by the amount. If you can’t double 10,000, you’ll have an even harder time with 400,000. The bigger your capital, the heavier the pressure. In the end, he jumped straight in with 400,000 yuan and traded futures. He started at 5–10x leverage, but the more he lost, the more anxious he got, until he cranked it up to 20x. In less than a month and a half, he was down to 50,000. The most ironic part? This guy is exceptionally smart in real life. That’s why I’ve always hated seeing friends rush into crypto. I’m not trying to discourage anyone, but of every ten people who enter, eight don’t come out well. Crypto isn’t a shortcut to moving up in life; it’s more like an accelerator on the way down. If you want to make money here, the first step is to understand how brutal it can be. Survive first, then talk about making money, and then about turning your life around. The people who make it to the end have all weathered several major crashes. There are always opportunities; what’s missing is knowledge, timing, and discipline. What’s missing is whether you’re willing to start with 10,000 instead of 400,000. I wrote about how to test the waters with 10,000 and when you’ve earned the right to add more in @老森笔记 . If you’re still thinking about going all in to turn your life around, leave a comment with how much you’re planning to invest. I’ll only talk about whether you can first use 10,000 to test the waters—not the next AKE. Opportunities are always something you wait for!
A restaurant owner went bankrupt, saved up 2,000 USDT delivering food, and later made 6 million. Mr. Lai, a restaurant owner, went bankrupt and saved up 2,000 USDT by delivering food. Later, he made 6 million. Yes, it really happened. Two years ago, he put all his savings—200,000—into crypto. Every time he went long, prices fell; every time he went short, they rose. His take-profit orders never hit, while his stop-losses were hit to the letter. An exchange ran off with funds, and black swan events hit one after another. His family turned against him, he broke up with his girlfriend, and he was 200,000 in debt. When he found me, he asked just one thing: “Bro, can I still turn things around?” I asked him, “Do you want to gamble with your life, or do you really want to turn things around?” He said, “Turn things around. I’ll follow your instructions.” We reviewed every trade, one by one. First we changed how he thought; then we talked about making money. His first big realization: experienced traders often follow trends that have already emerged. He used to fantasize about buying the bottom and missed one rally after another. Those who last in this game dare to use a small amount of leverage when price breaks a key level, then let their profits compound and ride the move all the way. Don’t fear buying high; fear missing the move. Buying halfway down the mountain is what really costs you. His second breakthrough: use a small amount of risk capital to open a position. Put only 15% into the first trade. Set a 5% stop-loss and aim for at least 30% profit. Add to the position only after you’re in profit; if you lose, it won’t wipe you out. Most importantly, once you’re up 20%, take your initial capital off the table. After that, you’re trading with profits. Once he relaxed, his execution actually became steadier. The third lesson: four steps, no gut feelings. Only trade when the trend is established. Hold while price stays above the 20-day moving average; exit if it falls below. Only add a small amount with 2x leverage when there’s a high-volume breakout. If price breaks support the next day, cut the position immediately—no hesitation. Using this approach, he achieved consistent profits for the first time and stopped letting his emotions lead him around. The market follows just a few old rules. The longer the consolidation, the more violent the breakout. A sharp drop can sometimes be an opportunity; a slow bleed is what wears you down. When everyone is panicking, it may be worth watching; when everyone is celebrating, it may be time to sell. The market doesn’t reward bravery—it rewards people willing to go against their own impulses. He’s long since left the rat race behind and now trades full-time. He trades spot, futures, and on-chain assets; his days are full. The crypto market doesn’t care about seniority. But it doesn’t reward people who go all-in while still in debt, either. If you’re still losing money, getting liquidated, or hoping to win it all back in one trade, first ask yourself whether you can limit your first position to 15%. I’ve written up the four steps and when to withdraw your initial capital in @老森笔记 . In the comments, you can say whether you’re in debt or stuck in a losing position. I’ll only talk about how to size your position and whether to take profits when your target is reached—not which coin will be the next big hit.
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.
Under 2,000 U? Don’t rush into anything. Turning 1,800 U into 50,000, with just 20 minutes a day. If your capital is under 2,000 U, hear me out first: don’t rush into anything. If you want to survive with a small bankroll, the first lesson isn’t doubling it—it’s learning to stay steady. Last year, a friend started with 1,800 U, and his account later passed 50,000 steadily. Just 20 minutes a day. No staying up late, no random clicking. Three essentials: split your funds, pick your moments, and stay disciplined. Splitting your funds keeps you in the game. Divide 1,800 U into three parts: 700 U for small intraday swings, no more than two trades a day, and take profit when you can. Keep 700 U for trends, trading once or twice a week; if the signal isn’t clear, stay out. Keep 600 U as your reserve, only for extreme situations. As long as you still have this, even if you lose everything else, you can start again. People who mix all three pots together usually use up their escape route in the first week. Only trade what you understand; stay out of sideways markets. Eighty percent of small-account losses come from forcing trades. Wait until the trend is clear before entering. Missing out is better than getting it wrong. Once a trade is up 30%, take half off the table and let the rest run. Taking profits is up to you; whether it runs is up to the market. Use rules to control your emotions. The biggest trap isn’t direction—it’s mindset. Set a 2% stop-loss to execute automatically; don’t wait until you feel ready. At 6% profit, reduce your position immediately. Never add to a losing position. Most people who get liquidated die thinking, “Just a little more and I’ll break even.” My friend now just checks in briefly, places his orders, takes profits when they come, and gets out when it’s time. A steady rhythm keeps the account steady. To turn things around with a small bankroll, first stop losing recklessly. Split your funds, wait for signals, and stick to discipline—that can save you from two years of costly mistakes. Crypto doesn’t reward hard work; it rewards people who follow their rules. If you still have under 2,000 U and want to go all in, set that 600 U reserve aside first. If you can’t do that, you’re not ready to talk about turning things around. I’ve written about how to split the three pots and whether to cut your position at 6% in @老森笔记 . You can leave your current balance in U in the comments; I’ll only talk about how to allocate it, not the next hot coin.
Turned 2,800U into 2.1 million without a single liquidation. Grew 2,800U to 2.1 million. Never got liquidated. Just three simple, no-frills rules. I mentored a complete beginner this quarter. They started with 2,800U, reached 120,000 in a month, and now their account is holding steady above 300,000. Most importantly, they’ve never been liquidated—not by luck, and not by going all in. Rule one: Going all in is asking for trouble. Splitting up your funds keeps you in the game. Don’t expect to go all in with 2,800U. Here’s how I split it up: 1,000U for day trades, one trade a day, then stop when the time’s up. Win or lose, don’t get attached. 1,000U for swing trades: enter, hold, and wait a week or two for a move. The remaining 800U is your reserve—untouchable. That’s what gives you a chance to turn things around. If you go all in from the start, it’s not the market that’ll do you in—you’ve cut off your own way out. Stay in the game first; only then can you talk about winning. Rule two: Don’t trade for the sake of it. Focus on the big moves. The crypto market spends 80% of its time moving sideways. Instead of trading in and out every day and piling up fees, sit tight. I watch when the market’s flat and only step in when the trend is clear. One more hard-and-fast rule: once your account is up more than 20% from your starting balance, immediately withdraw 30% and convert it to U. What you’ve pocketed is truly yours. Making money is actually pretty boring: press the button, set your take-profit, and let your profits run. Emotions are a retail trader’s most expensive cost. Rule three: Cap your risk and let your profits grow slowly. Don’t dismiss a small starting balance. Growing 2,800U isn’t about some magical trade. It’s about keeping your position sizes under control and not giving back your profits. If a few hundred U of price movement is keeping you up at night, first ask yourself whether you can keep that 800U reserve untouched. I’ve written about splitting your funds and when to withdraw in @老森笔记 . If you’re unsure whether to enter, hold, or cut your losses, comment with how many U you have right now. I’ll only explain how to split it into three parts and when to withdraw—not which coin will make you rich overnight.
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.
I turned 50,000 into 30 million, and I only spend 5 minutes a day looking at charts. I’ve spent 10 years learning the hard way in crypto. What really grew my account was a method so simple it was almost stupid. Turning 50,000 into 30 million taught me this: the more time goes by, the clearer it gets—how fast you make money is inversely related to how often you trade. Stage one: 50,000 to 1.5 million, in 2 years. Stage two: 1.5 million to 8 million, in 1 year. Stage three: 8 million to 30 million, in 5 months. It wasn’t a sudden stroke of luck. I just traded less and less. I stuck to one setup the whole time: the N-pattern. A sharp move up, a sloping pullback, then another sharp move breaking through. If the pattern was right, I entered. If support broke, I cut the position. No averaging down, no leverage. A 2% stop-loss and 10% take-profit, followed without letting emotions get in the way. Some people laugh and say it’s too rigid. How can you make big money without watching a bunch of moving averages, chasing trends, or listening to rumors? The truth is, people who stare at charts all day and trade constantly lose money faster. My chart is clean, with just one light-gray 20-day moving average. I spend 5 minutes a day scanning the 4-hour candlesticks. If there’s an N-pattern, I place an order with a stop-loss. If not, I close the app and spend the rest of my time with family, walking the dog, or drinking coffee. I don’t get carried away when I make money, either. When I reached 1.5 million, I first withdrew my original 50,000. That way, even if I lost money later, I’d still have a way out. At 8 million, I took out half to invest in funds and fixed-term deposits, leaving only the other half to keep growing. If the market crashed, I wouldn’t have to panic-sell. My position is secure because the money that needed to be taken out was already out. Three hard-and-fast rules are enough: don’t chase a rally; wait for the pattern to confirm before entering. Don’t hold and hope; exit as soon as support breaks. Don’t get greedy; take some money off the table once you hit your target. There’s no get-rich-quick formula in crypto. What works is a simple method that filters out impulsive trades. Don’t fantasize about getting rich overnight. Do the math: steadily banking 10% 20 times can take you a long way from 50,000—it’s often just a matter of time. The key is to actually get out when support breaks. I’ve written down how to spot the N-pattern and when to shut off the computer at @老森笔记 . If you’re still watching charts every day, hoping to turn things around, leave your current starting capital in the comments. I’ll only tell you whether to enter or take profits on this trade—not what the next hot coin is.
Over 1 million in debt, and now withdrawing money is as easy as ordering takeout. Stop saying you can’t make money in crypto. I’m living proof. Six years ago, I was over 1 million in debt, with nothing in my pocket to give me confidence I could turn things around. I spent sleepless nights tossing and turning. In just a few years, I paid off my debts and grew my account to over 8 million. Now, withdrawing money every day is as easy as ordering takeout. People ask if it was luck, or if I caught the next big wave. The truth is harsher: the path I took is one 99% of people wouldn’t dare to follow. Strict position sizing. While others get greedy and go all in, I only dare to use 30% of my capital. If I’m wrong, I can still get out in one piece. If I’m right, I add to my position gradually. While others get liquidated overnight, I can stay in the game until the next opportunity. People who go all in don’t get a next time. Stick with compounding. Those who want to get rich overnight often end up right back where they started. I only focus on whether I can win the next trade. Make just 5% on each trade and keep compounding it—doubling your money isn’t a fantasy. In 58 days, I used this plodding strategy of taking small profits to turn my debt into an account balance I could breathe easy with. It wasn’t one perfect trade; it was not giving those gains back. Stay mentally resilient. The hardest part of crypto isn’t the technical side—it’s human nature. When others panic, I dare to add to my position according to plan. When others get greedy, I dare to reduce mine. There will always be another market opportunity. What’s in short supply are people who can stick it out. This approach may look silly. Don’t chase trends, don’t go all in, don’t rush to catch the next big wave. But this very strategy, which no one wants to learn, got me through the darkest five years. The money in crypto doesn’t belong to the fastest. It belongs to those who can endure and grow steadily. If you’re still in debt and hoping to turn things around in one shot, first ask yourself whether you can limit your position to 30%. I wrote these three rules down in @老森笔记 . You can leave a comment saying whether you’re in debt or holding a losing position. I’ll only talk about how to size your position and whether to withdraw after making 5%—not about the next hot coin.
Understand one rule, and you could avoid losing 100,000. Seven ironclad rules learned through ten years of liquidations After ten years in crypto, I went from getting liquidated to being able to support my family. I’m no genius trader—I’m someone the market has taught down to my bones. Understand one rule and you could avoid losing 100,000. Follow three and you’ll outperform most retail traders. Don’t chase pumps. Don’t get excited when you see a coin taking off. Let it rise as much as it wants; just act like it doesn’t exist. Chasing pumps to get rich quick usually ends with buying at the top. Being able to sit out while others make money is when you start to mature. There are only two kinds of coins: ones at a buy point, and garbage. Don’t ask whether a coin is good; ask whether it’s at a buy point. Only coins at major buy points can be considered top performers. Until you’ve finished building your position, it’s not your gold. Fidgety hands are more dangerous than not knowing how to read a chart. Placing an order when you know it’s not a buy point isn’t a market problem—it’s a mindset problem. If you don’t work on your mindset, indicators and strategies are just decorations. Trading crypto starts with mastering your mind. Don’t get attached to coins; get attached to signals. Don’t fixate on any coin or price level. When a signal comes, buy when it’s time to buy and sell when it’s time to sell. If you have enough capital, trade weekly or monthly. Build your position in stages and diversify. Make money by staying in rhythm—it’s never too late. Mistakes aren’t the market’s fault. The market is always right. What’s wrong is your position size, timing, or mindset. Every loss is tuition for your next trade. Don’t curse the charts; look in the mirror first. Being desperate to make money is the original sin. If you can’t even control your own mind, how can you handle a market that swings 30%? When you’re holding coins, you’re being led around by greed. When you’re out of the market, fear holds you hostage. The market rewards patient people. If you switch coins every day, you’re destined to make only small profits. Good coins need time to grow; patience is what compounds. Don’t rush into every new project as soon as it gets hot—don’t let your hard-earned money chase trends. There’s no finish line on this road. The ones who last aren’t the people who predict best; they’re the ones who can still sit tight when they’re out of the market. I wrote these seven rules in @老森笔记 so I can check whether I should make a move that day. If you’re still chasing pumps, getting itchy trigger fingers, or switching coins every day, leave a comment saying which rule you break most often. I’ll only talk about whether to make this trade, not about the next coin that’ll make you rich.
Trading for a year and still getting liquidated? It’s not that you don’t know how—it’s that your position sizing is wrong. If you’ve been trading crypto for over a year and still keep getting liquidated on futures, it’s not that you don’t know how to trade. You’re getting three things wrong. Leverage isn’t the same as risk. Position size is what makes or breaks you. If you use 100x leverage with just 1% of your account, a hit costs you that 1%, not your entire account. Someone I know trades ETH at 20x, using only 2% of their capital each time, and hasn’t been liquidated in three years. Actual risk is roughly leverage multiplied by position size. Leverage can be high, but your position must be small. Low leverage with your entire account in a trade can still wipe you out. A stop-loss isn’t admitting defeat—it’s a fuse. Most accounts that get wiped out in a crash had losses exceeding 5% before the trader finally cut them. Keep each trade’s loss under 2% of your capital. If that fuse blows, your account survives. Without one, a single wick can burn down the whole electrical panel. Adding to a position isn’t going all in. Use 10% for your initial position to test the waters, then add only with profits. With 50,000 in capital, start with 5,000 at 10x. Adding to profits is compounding; adding to losses is giving your money away. Position size can be calculated: capital × 2% ÷ (stop-loss distance × leverage). With 50,000 in capital, a 2% stop-loss, and 10x leverage, the maximum position is 5,000. Anything more isn’t bravery—it’s removing the fuse. Take profits in three stages. At 20% profit, close one-third. At 50%, close another third. For the rest, exit if the price breaks below the 5-day moving average. If you make hundreds of trades a month, fees can quietly eat up 20% of your capital. If you don’t take profits, most of your gains will eventually disappear. With a 2% stop-loss and a 20% take-profit, a win rate of around 34% can be enough to come out ahead. You don’t need to get every trade right. You need to keep your losses small and hold on when you’re right. Four rules are enough: risk no more than 2% per trade; make no more than 20 trades a year; aim for a risk-reward ratio of at least 3:1; and stay out of the market 70% of the time. Markets are about probabilities. Risk 2% to catch a trend—don’t wager your life savings on a hunch. I’ve written these four rules up in my small group, @老森笔记 . If you’re still repeatedly getting liquidated while trading with high leverage and oversized positions, leave your leverage and position size in the comments. I’ll help you calculate the maximum size for your next trade.
$200 billion wiped out in 48 hours. Don’t buy the dip with leverage; spot buyers can scale in. Don’t ask why the market fell this time. Ask yourself first: are you using leverage, or buying spot? In 48 hours, the crypto market lost more than $200 billion in market value. Bitcoin fell below $81,000, dipping to around $80,400. Ethereum lost $2,450 and came close to $2,400. Long positions were liquidated one after another, with more than $1.1 billion liquidated in 24 hours—around $400 million of that in a single hour. On October 7, I said: don’t chase the rally; BTC and ETH were due to fall, with targets around $81,000 and $2,450. Two days later, they hit those levels, just as expected. This wasn’t caused by a single sharp drop. It was five things piling up at once. Tensions with Iran escalated, an oil tanker was attacked, and pressure on the Strait of Hormuz intensified. Brent crude surged above $105. When oil prices rise, inflation expectations rise with them, and risk assets take the first hit. Treasury yields approached their highest levels in more than 20 years, with the 10-year yield briefly topping 5.3%. When risk-free rates are this high, high-volatility assets are the first to get repriced. The market is worried the Fed isn’t done raising rates. It raised rates once in September, minutes are still pending, and expectations for rate cuts have been pushed further out. Spot Bitcoin ETFs saw $485 million in net outflows in a single day—the biggest daily outflow since June. BlackRock’s IBIT alone saw $208 million flow out. Institutions are cutting exposure; this isn’t retail investors scaring themselves. Add unusual activity in U.S.-linked Bitcoin wallets and rising concerns about AI security, and risk appetite is dropping across the board. Macro forces are draining liquidity, geopolitics are lighting the fuse, ETFs are pulling away the ladder, and leverage is delivering the final blow. So this sell-off wasn’t driven by fear alone—it was a chain reaction of forced liquidations. Hitting the targets doesn’t mean we’ve reached the bottom. $81,000 and $2,450 were targets, not floors. If oil prices don’t fall, yields don’t come down, and ETF outflows continue, any rebound is a chance for leveraged traders to reduce positions. Until leverage is cleared out, don’t rush to buy the dip with futures. Spot buyers are different. You don’t have to race liquidations; you can buy in batches and close the app once you’re done. Futures traders who jump back in are just feeding orders to the liquidation engine. Watch three things: oil, Treasuries, and ETFs. If none of these ease up, a rebound is only a chance to reduce exposure—not to add leverage. I write every day about whether to reduce or wait at @老森笔记 . If you’re still planning to go all in at $80,400, first leave a comment saying whether you’re buying spot or using leverage—and how much. For spot, I’ll explain how to scale in. For futures, I’ll only tell you whether you should stay in. Nobody knows where the bottom is right now.
Here are the reasons behind the crypto market crash: In 48 hours, the market lost $200 billion in value. Two days ago, I said not to chase—and the targets were hit. In 48 hours, the crypto market’s total value fell by more than $200 billion. Bitcoin dropped below $81,000, reaching a low of around $80,400. Ethereum lost $2,450 and neared $2,400. Leveraged longs were liquidated one after another, with more than $1.1 billion liquidated in 24 hours—including around $400 million in just one hour. On October 7, I said: Don’t chase. BTC and ETH were going to fall, with targets around $81,000 and $2,450. Two days later, they got there as expected. This wasn’t caused by one sudden event. It was five things piling up at once. Tensions around Iran are escalating. Tankers were attacked, the Strait of Hormuz came under renewed pressure, and Brent crude surged above $105. When oil prices rise, inflation expectations rise with them—and risk assets take the hit first. U.S. Treasury yields are nearing their highest levels in more than 20 years. The 10-year yield briefly topped 5.3%. With risk-free rates this high, valuations of volatile assets are the first to be marked down. The market is worried the Fed isn’t done raising rates. It already raised rates once in September, minutes are still pending, and expectations for rate cuts are being pushed further out. Spot Bitcoin ETFs saw $485 million in net outflows in a single day—the biggest outflow day since June. BlackRock’s IBIT alone saw $208 million leave. Institutions are cutting exposure; this isn’t retail investors scaring themselves. Add unusual activity in U.S.-linked Bitcoin wallets and rising concerns about AI security, and risk appetite is falling across the board. Macro forces are draining liquidity, geopolitics are lighting the fuse, ETFs are pulling away the ladder, and leverage is delivering the final blow. So this isn’t a single wick—it’s a chain reaction of liquidations. Hitting the targets doesn’t mean we’ve hit bottom. $81,000 and $2,450 were the first cuts, not the floor. If oil doesn’t fall, yields don’t come down, and ETFs keep seeing outflows, every rebound is an opportunity to reduce exposure. Don’t rush to buy the dip before the leverage has been cleared. Watch three things for the next leg down: oil, Treasuries, and ETFs. If those three don’t ease up, rebounds are for reducing exposure, not adding to it. I’ve written down whether to trim or wait each day in @老森笔记 . If you’re still looking to buy the dip at $80,500, first keep an eye on whether outflows have stopped. You can leave your current leverage in the comments—I’ll only say whether you should keep it, not where the bottom is. Of course, if you’re a spot investor, you can buy the dip in batches!
老森笔记
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ETH daily line broke down from the wedge and smashed to 2611—down 3.2% in one day. Is it an upward wedge breakdown, or is the move just a 2590 “needle” for turnover?
After rising from 1900 to 2800, the highs began converging—as shown by the two black lines narrowing into a wedge. Today opened at 2697, with 2700 as the high, 2592 as the low, and a bearish candle that dropped out of the lower boundary.
RSI has fallen to 13.7/21.9, so the daily chart is already oversold. The volume ratio has expanded compared with the past few days, suggesting there are people trading out on the breakdown. The red line is pinned at 2611—that’s the current “neck.”
When rising, you look for price to stand back up into the wedge; when falling, you watch whether 2590 can hold.
In terms of structure: 1500–1600 is the big bottom, 1900–2000 is the first consolidation platform, 2500–2550 is the near-term support, and 2800–3000 is the upper boundary of the wedge and the prior highs. If 2590 breaks and the price can’t come back, look for 2400–2450; if it regains 2680 and holds above it, then this breakdown is invalidated.
Short-term plan: Short-term: Don’t buy the dip at 2611. First, see whether 2592’s intraday low can stop the fall; only if it reclaims 2680 do we talk about a repair. $ETH