Looking at my account with a 90% decrease in funds, I squatted on the balcony smoking half a pack of cigarettes, unable to even gather enough money to buy a birthday gift for my wife.
Hello, fellow crypto warriors!
First, let me share a screenshot that I will never forget — in October 2024, my exchange account balance was: 203.6U, barely enough to buy 3 large lattes at Starbucks, not even enough to cover a decent contract fee. At that time, I had just been continuously harvested by AI coins and MEME coins, buying the dip halfway up the mountain and trying to sell at the foot of the mountain, I was a classic 'leek specimen'.
And today, the number in this account has turned into 116328U. It's not a get-rich-quick scheme, but a comeback earned through three years of blood and tears.
1. Don’t compete with the market; admitting defeat is not a bad thing.
Once upon a time, I was also a 'hard-headed' player. When BTC dropped from 40,000 dollars to 28,000 dollars, I heavily bought the dip; when a domestic blockchain shouted 'hundred times return', I immediately went all in, and it ended up crashing below the issue price by 95%. The worst time was when I increased my position in a certain MEME coin against the trend, watching it drop from 0.03 dollars to 0.0003 dollars, turning my account into a three-digit number in an instant.
The turning point occurred one night when I looked at my daughter's formula can and suddenly realized: The market is not your father; it won’t indulge your 'unwillingness to lose'.
A trader named Eric, who has honed his skills in proprietary trading, pointed out my misconception: 'Institutional traders never predict the market, they only develop response strategies.' I used to think there was a kind of 'great logic' that could directly tell me when to rise and when to fall; this is actually an emotionally driven way of thinking.
Now I have completely changed my mindset: trends are more useful than analysis. When BTC stands above key moving averages, I will enter with a small position; when it breaks important support, I decisively exit. It's like crossing the street and looking at the traffic lights; if you insist on running a red light, you will inevitably get hit by a car.
2. Knowing when to take profits is a real skill; greed inevitably leads to being trapped.
People in the crypto space have a common problem: they panic and run away after making 5%, but stubbornly hold on after losing 50%. At the beginning of 2025, my SOL holdings rose from 100 dollars to 130 dollars. I sold quickly after making a 30% profit, and my friend laughed at me for having a 'small mindset,' saying it could rise to 180 dollars. As a result, a week later, SOL dropped back to 90 dollars, and he got trapped at the peak, while I used the profits to buy my wife a new phone.
The profit that is safely in hand is the true profit; the 'floating profit' gained through greed will eventually belong to the market.
A trader who went from being 500,000 in debt to achieving financial freedom said it well: 'After making a profit, withdraw some of the principal, for example, from 500,000 U to 1,000,000 U, first withdraw 200,000 U, even if the market later corrects, you still preserve your profits.'
I now set strict profit-taking rules: I must sell if I make 15%-20% in the short term, and reduce my position by half if I make 50%-80% in the medium term. I will never be greedy for that 'last bite of soup'. Last week, ARB rose from 1.2 dollars to 1.5 dollars, just hitting the 25% profit-taking line, and I decisively sold out. The next day, it corrected to 1.3 dollars.
The market is not short of opportunities; what it lacks is the determination to 'take profit when it's good'.
3. Position management is crucial; those who go all in often end poorly.
Looking back at why I lost so much in 2024? All because of my addiction to 'going all in'. Whether it was a new coin launch or the so-called 'private placement quota', I always thought of making a comeback, only to lose everything each time.
A blood and tears lesson from an old hand in the crypto space awakened me: 'Position size, stop-loss, and risk-reward ratio are the foundations for survival in the cryptocurrency market.' He asked a heart-wrenching question: 'Do you want ten small victories, or can you handle one big defeat that wipes out your account?'
Now I set strict rules for myself: 'Split positions 30/70'. 70% of funds are stubbornly invested in BTC and ETH, the 'keystones'—they may rise slowly but fall steadily in a bear market. In this bull market of 2025, just BTC and ETH contributed 60% of my profits. The remaining 30% of funds are for short-term plays and chasing trends; even if I lose, it doesn’t hurt the foundation.
It's like family finance; a part is saved in fixed deposits for security, and a part is invested. If you invest all your money in high-risk products, once it crashes, the whole family faces hardship.
In conclusion: Surviving is the key to waiting for the bull market.
The most anti-human aspect of the crypto world is not the volatility of K-lines, but overcoming one's own 'luck mentality' and 'greed'. I've seen too many people float like 'Wolf of Wall Street' when they profit, but cry like 'Xianglin's Wife' when they lose, unwilling to cut losses, and as a result, become trapped deeper.
My formula for making a comeback is simple: Long-term survival = going with the trend × executing rules strictly × controlling positions. Here, living longer is always more important than earning more.
An old trader who crawled out of 8 million in debt said it well: 'The crypto space is not a casino; those who can make money long-term are not the best at reading K-lines, but those who can control their hands and maintain discipline.'
Finally, I want to share a sentence I've engraved in my memo: Do not go against the trend, do not be greedy for floating profits, do not go all in with a full position. What's wrong with being a retail investor? As long as you don't get completely wiped out, you can evolve into an 'old hand that can't even be cut down by a sickle'!
The market is fair; it doesn't favor you because of your background, but rewards those who truly learn diligently, execute strictly, and continuously improve. Follow Bin Ge to learn more first-hand information and precise points in the crypto world, becoming your navigation in the crypto space. Learning is your greatest wealth!#巨鲸动向 #BinanceABCs $ETH
