“Dad, I want to buy a new backpack.” In the spring of 2017, when my daughter timidly said this to me, I was holding the only 200 yuan I had, and tears almost fell. At that time, I had just gone bankrupt, deeply in debt, and could not even afford my daughter's backpack. But who would have thought that 8 years later, I would take my daughter on a trip abroad, buying her everything she likes. All these changes stemmed from cryptocurrency and, more importantly, from self-discipline.
I used to be in the advertising business. In 2012, I opened an advertising company. Because of good creativity and attentive service, I quickly accumulated a group of clients, and the business grew larger. But in 2015, I started to expand, no longer focusing on the business, but instead putting my energy into socializing, drinking, and playing cards every day. The company's management became increasingly lax. As a result, in less than a year, the company experienced serious losses and ultimately had to close, leaving me with 1.2 million in debt.
After the company went bankrupt, I became despondent, drinking at home every day and neglecting my wife and children. Once, my wife argued with me and said, "If you continue like this, this family will fall apart," which made me suddenly realize the severity of the situation. To support my family, I worked on construction sites carrying bricks and served plates in restaurants, but the money I earned was barely enough for living expenses.
Getting involved in cryptocurrency was in the summer of 2017 when an old client approached me and said, "There’s a way to make money, do you want to give it a try?" I didn’t believe it at the time, but seeing the hopeful eyes of my wife and children, I took out the only 5000 yuan I had and invested it. Unexpectedly, a month later, the 5000 yuan turned into 15,000, and this money gave me hope and helped me regain my motivation.
But I knew that money earned by luck would eventually be lost due to a lack of skill. To establish a foothold in the crypto space, I began to hold myself to strict standards and develop the habit of self-discipline. I created a detailed schedule for myself: wake up at 6 AM to check the foreign market trends, write a trading plan at 7 AM, study the targets from 8 AM to 12 PM, trade from 1 PM to 5 PM, summarize the day’s trading situation from 7 PM to 9 PM, and go to bed at 10 PM.
In addition to maintaining a disciplined schedule, I also strictly adhere to trading discipline. I set a set of trading rules for myself, such as only trading targets with clear signals on the daily chart, never exceeding 15% of total funds for each purchase, reducing positions when profits exceed 50%, and immediately cutting losses if losses exceed 20%. No matter how tempting the market is, I will never violate these rules.
In the bear market of 2018, the market was filled with wailing, and many people cut their losses and left, but I followed my trading plan and gradually bought several quality targets at the bottom. In 2020, as the market warmed up, these targets began to rise, and I strictly followed my rules to take profits in batches, earning more and more. By the peak of the bull market in 2021, I had cleared most of my positions, avoiding the subsequent crash, and my net worth had completely surpassed 10 million.
Now I often tell those around me that in the crypto space, self-discipline is more important than technology. Many people understand technical analysis and know the trading rules, but they just can’t maintain discipline; they become greedy when they profit and panic when they lose, ultimately leading to significant losses. I, however, earned money in this market through strict self-discipline.
If you are also struggling in the crypto space but are losing due to a lack of self-discipline, follow me. I will share my eight years of self-discipline insights and trading rules with you to help you develop the habit of self-discipline and achieve stable profits in this market. Remember, disciplined people don’t have bad luck.
