Many people ask me: Can seven thousand turn into a million?
I don't like to tell myths, but this road, I have indeed walked myself.
Back then, there were only seven thousand left in the account, and I exchanged it for 1000U. At that moment, I was very clear in my heart
this is not a turnaround situation, it is a survival situation.
I did not go all in, nor did I fantasize about getting rich.
I only started with 200U, only trading the coins with the highest trading volume and the most sentiment that day.
I would take profits on doubling, acknowledge mistakes immediately, and if I lost down to 50U, I would stop loss without any luck.
The truly difficult part has never been the technology, but the self-restraint.
Every time my account increased by over 1000U, I would force myself to stop for a day.
It's not that I'm afraid of not being able to earn, but rather that I'm afraid of ruining all the previous discipline in one go.
Later, as the principal gradually thickened, I began to build a real structure:
A portion of the funds for short-term trades, only capturing sentiment premiums, taking profits when they appear;
A portion of the funds for trend-based dollar-cost averaging, not looking at feelings, only looking at levels;
Finally, leaving a portion, only engaging when the major market movements are clearly initiated, keeping it empty during normal times.
Before placing each order, I only write two lines:
Where to take profits, where to stop loss.
Trading without a plan will eventually lead emotions to take over the account.
Over the years, I have always adhered to four iron rules, and I have never broken them:
Not going all in, not holding positions, no more than three trades a day, and profits must be withdrawn.
I have seen too many people earn their first bucket of gold by luck,
and I have seen even more people, because of one impulsive moment, give all profits back to the market including their capital.
I was able to go from 1000U to today, and there is no secret.
It is just one sentence:
Be calm enough about the market, and be ruthless enough with yourself.
$LIGHT
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