10 Years in the Crypto Circle: From 3 Liquidations to Monthly Earnings of 150,000, I've Understood the Anti-Humanity Principles
At three in the morning, the words 'Account Balance 0.00U' on my phone screen pierced my eyes
This is the third liquidation in two years, with 80,000 principal and 120,000 additional funds all turned to ashes
I threw my phone on the coffee table, cigarette butts piled up like small mountains in the ashtray, and the headlights of cars outside flashed
Casting shadows on the wall filled with notes saying 'Chase the Rise' and 'Leverage'—those are the lessons from my previous two liquidations, now added with new shame
The first time I fell for an unknown new coin, seeing group friends flaunt '3 times in a day', I went all in with 50,000, and the next day the project team ran away with the money
The second time I believed in the so-called 'Gurus' calling shots, leveraged 20 times betting on ETH's pullback, only to find out it was a script for harvesting retail investors when I got liquidated in the early morning
The third time was even more ridiculous, after self-studying K-lines for a few days, I went all in on contracts; a small fluctuation wiped out my account
After deep reflection, I reviewed six months of trading records and finally grasped three anti-human truths
'Waiting' is more precious than 'Acting'
In the past, I traded dozens of times a day, losing more and more despite high transaction fees. An experienced trader suggested I try this tactic: watch the market for a week without trading and note down the coins I wanted to buy.
After a week, I found that 70% of the 'opportunities' were oscillation traps or high pullbacks, and what’s called impulse was just the market drawing out a gambling addiction
Later, I only waited for 'Three Signals': consecutive 3 days of volume breaking key levels, pullbacks not touching support lines, then I would enter with a small position, increasing my win rate from 30% to 70%
Stop-loss is like buying insurance for the account. The first two liquidations were due to 'waiting for rebounds', stubbornly holding on even when I knew the direction was wrong. Later, I set a hard rule: set stop-loss at 8% below the entry price, and exit immediately when triggered.
Once, after buying ADA, I stopped out at a 7% loss, only to see it rebound 5% that afternoon; I did not change the rule. Three days later, ADA plummeted 20%, and I preserved my principal by exiting early
'Not being greedy' is the real profit. Last year, I bought DOT at a cost of 1.2U, and when it rose to 2.8U, the group shouted 'Target 5U'; I sold 50% first to recover my principal and profit, setting a take-profit at 2.5U for the remaining
A few days later, DOT fell to 2.3U, and I had already pocketed 120,000, while the greedy ones in the group were all trapped.
Now, I invest 20% of my salary monthly, strictly adhering to stop-loss and take-profit, and my account balance is steadily rising. The crypto circle has never been a casino; those who can win, win by controlling greed and fear
Most people are trapped in a vicious cycle, not due to lack of effort, but lack of a guiding light
