This is the savings accumulated over half a year, and also a determination to go all in.
After 8 years in the workplace, he entered the cryptocurrency circle with 3000U—that was the renovation fund he had saved little by little.
I immediately helped him restructure his strategy, with the core still being three iron rules.
The first rule is to split the funds: 1000U for day trading, only focusing on Bitcoin and Ethereum, and decisively take profits when the volatility reaches 2%-2.5%;
1000U for swing trading, wait for the moving averages to form a clear trend before entering the market, holding positions for 2-3 days without being greedy;
The remaining 1000U locked in a cold wallet, agreed that even if the market crashes, it will not be used.
At first, Jerry didn't follow it completely, and one day he saw altcoins surge by 20% in a single day, secretly took 200U from the swing trading funds to chase the rise, but that night it fell by 15%, losing 30U.
This lesson made him completely submit, and afterwards he strictly followed the rules: on Wednesday morning, Bitcoin rose by 2.3%, and he took profits as planned, earning 23U;
The next week he caught the rebound after Ethereum's correction, holding the position for 3 days and netting 180U.
I repeatedly reminded him, "Don't waste time with fluctuations," and when the market is sideways, let him focus on work and not waste energy staring at the K-line. Every time the account profits reached 8%, I urged him to withdraw half to the bank card.
—— From 5000U to 20,000 U, then to 50,000 U, in five months he successively withdrew more than 20,000 U, not only covering previous losses but also saving money for home appliances.
Discipline was executed without any slack: single trade stop loss strictly controlled within 0.8%, and close positions immediately when the time is up;
Profits exceeding 2% would halve the position, allowing the remaining profit to follow the trend.
Once Ethereum surged by 5%, Jerry was tempted to add 200U to chase the high but I stopped him in time. That evening the market fell back by 3%, and he said with fear, "Fortunately, I didn’t act impulsively, otherwise it would have been in vain again."
Eight months later, Jerry's account surpassed 100,000 U, with zero liquidation throughout.
He used the profits to buy new furniture for his home and kept some emergency funds, expressing, "It turns out that the cryptocurrency market is not about gambling but following the rules is more important than anything else."
I had already lit the "lamp," just waiting to see if you are willing to follow the steady path#Cryptocurrency market rebound
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