The night my account dropped from 20,000 U to 3,600 U, I finally understood what despair truly means. Three consecutive liquidations, waking up in the middle of the night to check the K-line, eyes glued to the screen while eating—at that moment, I was like a gambler with red eyes, completely losing my rationality.

But it was this bottoming-out blow that became the turning point. I didn’t study complicated technical indicators; instead, I set myself an ironclad trading discipline. Over a month later, my account balance grew to 62,000 U. This wasn’t luck from a hundredfold coin; it was that I finally learned how to control my greed and fear.

**Iron Rule 1: Test the waters, don’t go all-in**

The more eager someone is to recover losses, the faster they tend to lose. I once saw someone jump in with full position at every “good news,” only to buy at the top every time. I later understood that market manipulators excel at creating false signals to lure retail investors into following, then cutting them off.

My approach is straightforward: never open a position exceeding 20% of total funds on the first trade. When the trend hasn’t fully developed, try with a small position, then add gradually once confirmed. Specifically, divide the funds into five parts, using only 1/5 each time. Set a 10-point stop loss, so a single mistake can only lose at most 2% of total funds. It takes five mistakes to lose 10%. Conversely, set take profit at over 10 points; once the judgment is correct, you can fully profit.

Sound conservative? But it’s this conservatism that kept me alive on the brink of bankruptcy.