Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

Many people's first reaction after losing money is to curse the market, but to be honest, getting liquidated is mostly one's own doing.



Last year, I brought a newcomer friend into the circle, with a capital of only 1600U. After a month and a half, his account balance rose to 25,000U. Sounds like a fairy tale? In fact, it's the result of sticking to a few broken rules.

In the beginning, this guy was just like most retail investors: he would go all in whenever there were tips in the group chat, and his eyes would light up whenever he saw a meme coin project. The result was predictable—his principal would be wiped out every few days, and eventually, he even used his rent money to buy back in.

I really couldn't stand it anymore, so I set three rules for him. There's no profound theory, just three simple phrases.

**Rule 1: Divide the money into three parts to spend**

Split 1600U: Use 600U for short-term trading, take profits once you earn 4%; the other 600U to wait for key support levels before entering; keep the remaining 400U as emergency funds, do not touch it.

He looked disgusted when he first heard it, thinking it was too slow. It wasn't until he saw a few guys next door who went all in get liquidated that he figured it out: in this market, being steady is ten thousand times more important than being fast.

**Article 2: Close Your Eyes During Volatile Markets**

I told him one thing: not to trade during sideways movement is the best trading strategy.

I remember one time SOL was moving sideways for an entire week, and he was so anxious that he messaged me in the middle of the night asking: "Should I ambush in now?" I just replied with two words: "Wait for a breakout." On the third day, SOL surged with volume, and he ended up making a 16% profit.

Since then, he has figured it out: when the market is stagnant, holding back is the greatest skill.

**Article 3: Use the system to manage yourself**

Set the stop loss for each order at 2.5%. Cut it immediately when triggered, without hesitation; if the profit exceeds 7%, immediately move the stop loss to the cost price to break even.

Once he was trading ETH, and as it approached the stop-loss level, he got an itch to cancel the order and take a gamble. I directly sent him a screenshot of his previous Get Liquidated. The next day, ETH plummeted by 10%, and he finally understood: a stop-loss is not being cowardly, it's to stay in the game.

But the story doesn't end here.

After the account broke through 20,000 U, this guy started to get carried away. He mixed into various signal groups, fully invested in MEME coins, and as a result, his principal directly retraced by half. At three in the morning, he sent me a message: "If I had gone all in back then, wouldn't I have already hit 50,000?"

I dug out the moment he posted "Thanks to risk control for saving my life" on his social media, without replying a word.

The market never specifically targets the poor; it only punishes those who do not follow the rules. Later, I deleted him, leaving only one sentence:

From 1600 to 25,000 U, it has never relied on luck or market conditions, but on whether you can stick to the rules. The rules keep you alive, while arrogance leads you straight to zero.

**In the end: Discipline in this industry is worth much more than talent**

The market can deceive you, candlesticks can deceive you, but the rules you set for yourself will never deceive you. Those who survive in the crypto world are not necessarily the smartest, but rather the ones who adhere to the rules.

The opportunities for mainstream coins like BTC and ETH have always been there; the key is whether you have the fate to seize them. In the past, people were stumbling around in the dark, but now the light is here, shining. Will you follow or not? It's up to you to decide.
SOL1.26%
ETH-0.48%
BTC1%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 2
  • Repost
  • Share
Comment
0/400
ChainComedianvip
· 18h ago
Indeed, those without stop loss should blow up, can't blame anyone. --- How did that guy turn out later, is he still sticking to the rules? --- Splitting the money into three parts is brilliant, why didn't I think of that, need to give it a try. --- The last sentence is a bit heart-wrenching, arrogance is indeed poison. --- Sounds nice, but the key is still to resist temptation, and that's where it gets difficult. --- The moment he deleted his moments, I knew this guy had realized something. --- Discipline > talent, I need to take a screenshot of this to wake myself up. --- 25,000 to losing half, he really deserves it, greed is insatiable. --- I feel like I'm that fool chasing MEME with a full position, need to change that.
View OriginalReply0
DegenWhisperervip
· 18h ago
Really, blaming the market for one's own mistakes is laughable. I believed this guy during the period from 1600 to 25,000, and then I believed him even more when he lost half of it, because this is just a typical script in the crypto world.
View OriginalReply0
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)