In the early morning, I was checking data again and saw a screenshot of a liquidation. My heart sank, remembering that guy who chatted with me two years ago.
At that time, he was almost burnt out, with a hundred thousand in capital reduced to a pittance, speaking with sparks: 'If I lose again, I’ll uninstall it, and never touch it again in this lifetime!'
I totally understand that feeling. How many people in the market, eyes fixed on the hundredfold myth, hands executing self-destructive operations - jumping in and out in a three-minute chart, leverage fully pulled, heartbeats dancing with the candlesticks. That's not trading; it's using oneself as firewood, throwing it into the furnace of emotions.
I replied to him: 'Shut down the software. Don't worry about the market for now, put yourself in a cage first.'
At that time, he didn’t believe in being cautious; he thought being slow meant being cowardly. In a bull market, animal coins were flying everywhere; he could chase twenty hot spots in a day, but in the end, he didn’t earn enough to cover the transaction fees. When you ask him why he couldn’t hold on? His mind was full of “it’ll double soon,” and three bearish candles could crush his mentality.
I said, brother, this isn’t called trading; it’s called gambling with your life. The market has never had a “retail investor harvester”; the sickle is always handed out by yourself. Want to get rich quick? You’ll die the fastest.
Later I gave him a line, which I consider my hardest realization over the years:
Only fire two shots a day; if you miss, you have to pull back. Set a stop-loss, and if you earn more, withdraw your capital first. After two wrong moves, shut down the computer and go downstairs to run; don’t fight with the screen.
He didn’t say anything, just sent a string of ellipses. But I guess he took it in.
This guy really changed later. He reduced his leverage to unbelievable levels, and his observation period stretched from minutes to days. What impressed me the most was that he started writing notes, clearly detailing why he entered each trade, where he cut losses, and what the logic was, and sent them to me to look at.
There was a time he suffered two consecutive losses and really just shut down his computer and went out for a run. When he came back, he said to me: “Old dog, when the wind blew on my face, that’s when I felt alive.”
In three months, he gradually filled the pit, and he even got his principal back and more. He asked me: “Why did no one tell me before that making money isn’t about charging forward, it’s about holding your ground?”
I chuckled: “Because squatting doesn’t look good. Everyone wants to be a hero; no one loves being the hunter.”
Last week he showed me his account; the numbers were quite beautiful, but what was even more beautiful was that he did something: withdrew some profits and bought something practical for his family. The remaining money continued to stay in the market.
There’s a line in his notes that I’ve remembered until now:
“I used to think that getting rich quickly was all about being aggressive, but now I understand that you have to survive until that moment. The market will always be there, but life only comes once.”
Now the market has started to get restless again, with all sorts of news flying around. I see many old friends returning to that cycle: All in, watching the market, anxiety, and slapping their thighs.
If you also feel tired, I advise you to learn from that guy.
A bull market is not for fighting hard; it’s for picking up money.
First, tone down that urge to ‘win at all costs’, set a few iron rules for yourself, just like putting a lock on the steering wheel.
Don’t complain about it being slow. In this line of work, living long is the real skill. Once you stabilize yourself, you can see clearly what the opportunities are and what the traps are.
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