A fan threw 300k into the crypto space, and three weeks later only had 40k left.
Last year, a fan saved up 300k over two years and dumped it all in.
In the first week, he made 30k and felt like the chosen one.
In the second week, the market dipped, and he refused to accept it, going all-in to average down.
By the third week, his account was down to 40k.
He didn't dare tell his wife, sneaking out to smoke on the balcony every night, almost resorting to borrowing online loans to recover his losses.
Thankfully, he didn’t borrow.
Because he later realized: it’s not about working hard; it’s about understanding how this market works.
After following the six rules I gave him, he didn’t get rich quick, but he recovered all his losses and now steadily makes a bit each month, sleeping soundly at night.
1. Don’t go all-in, scale in.
When you find a coin you like, don’t throw your entire stack at it; if the market swings, you’ll panic. Buy in stages, build your position slowly, and losses won’t hurt as much.
2. Stop-loss is key, don’t hold.
If the market turns against you, get out—don’t cling to false hope. The longer you hold, the deeper the loss; holding to the end means liquidation.
3. Don’t listen to others, do your own research.
If someone shouts to buy, you’ll likely be buying at the top. Research the project, analyze the trends, and use your own brain to place trades.
4. Control your emotions, don’t be led by candlesticks.
Chasing after rises and cutting losses on dips means you’re always buying high and selling low. Stay calm; short-term volatility doesn’t mean much.
5. If you don’t understand, don’t trade.
When the market is unclear, sitting on the sidelines is the best move. Making random moves will only cost you money; wait until the trend is clear before entering.
6. Only play with spare cash.
Don’t touch your living expenses or money you need urgently. If losses don’t affect your daily life, you can hold onto your positions.
Last year, a fan saved up 300k over two years and dumped it all in.
In the first week, he made 30k and felt like the chosen one.
In the second week, the market dipped, and he refused to accept it, going all-in to average down.
By the third week, his account was down to 40k.
He didn't dare tell his wife, sneaking out to smoke on the balcony every night, almost resorting to borrowing online loans to recover his losses.
Thankfully, he didn’t borrow.
Because he later realized: it’s not about working hard; it’s about understanding how this market works.
After following the six rules I gave him, he didn’t get rich quick, but he recovered all his losses and now steadily makes a bit each month, sleeping soundly at night.
1. Don’t go all-in, scale in.
When you find a coin you like, don’t throw your entire stack at it; if the market swings, you’ll panic. Buy in stages, build your position slowly, and losses won’t hurt as much.
2. Stop-loss is key, don’t hold.
If the market turns against you, get out—don’t cling to false hope. The longer you hold, the deeper the loss; holding to the end means liquidation.
3. Don’t listen to others, do your own research.
If someone shouts to buy, you’ll likely be buying at the top. Research the project, analyze the trends, and use your own brain to place trades.
4. Control your emotions, don’t be led by candlesticks.
Chasing after rises and cutting losses on dips means you’re always buying high and selling low. Stay calm; short-term volatility doesn’t mean much.
5. If you don’t understand, don’t trade.
When the market is unclear, sitting on the sidelines is the best move. Making random moves will only cost you money; wait until the trend is clear before entering.
6. Only play with spare cash.
Don’t touch your living expenses or money you need urgently. If losses don’t affect your daily life, you can hold onto your positions.