Meet Chen, a programmer from Changsha, who has been in the cryptocurrency circle for 7 years and has lost a total of 2.1 million U.
The mortgaged house was taken, and his wife caused a separation. When we met last year, he was squatting on the roadside smoking, the cigarette box was deformed, and he said, "I've never been so humiliated in my life."
I asked him if he wanted to make a comeback. He shook his head and said, "I dare not. I just want to earn back the money and exit the circle."
I gave him four iron rules. After six months of hard work, he messaged me saying, "I broke even and am ready to take my wife on a trip."
The four iron rules paved a straight path to recovery.
1. Divide the principal into 10 parts, and do not exceed 15% for each opening.
Chen used to gamble on altcoins, losing 300,000 U in one go. Now he has divided the remaining principal into 10 parts and only uses one part to open positions each time. "It's like putting a bulletproof vest on the account; if I lose one part, I still have nine parts to recover."
2. Only use profits to reinvest; keep the principal locked and untouched.
His first trial used a profit of 5,000 U, earning 1,200 U, which he reinvested along with new profits. "The principal is life; once it’s moved, it's gone." For half a year, the principal remained untouched, relying solely on profit compounding.
3. Stop loss within 3%; surviving is the top priority.
"I used to hold positions and lose 90%; now if I lose 3%, I cut immediately." Once, when BTC dropped 2.8%, he gritted his teeth and closed the position; later it dropped to 15%. He slapped his thigh and said, "Thank goodness for the iron rules binding me."
4. Stay out of the market when unclear; be decisive when it's time to act.
After the crash on March 12, he held back for a month, waiting until BTC stabilized above the 200-day moving average before entering. "Volatility that I don't understand is just the scythe sharpening its blade."
After half a year, he chose to exit rather than continue betting.
In this half year, while the market was filled with liquidation news, Chen's trading record was as clean as a textbook.
All entries were "take profit at 3%-5%", "stop loss within 3%", and "stay out and observe". With the 2.1 million U hole, he filled it little by little with profits, and eventually, his account returned to 2.15 million U, with an extra 50,000 U as an exit fund.
He said, "The cryptocurrency circle is too dangerous; safely exiting is better than earning tens of millions." Yesterday, while tidying up his computer, he said, "From now on, I will only buy government bonds and will never touch this thing again."
I'm not a god; I just helped him control his hands.
Chen's story is not a miracle but the inevitability of "discipline over desire". I have coached 23 similar students, with the shortest recovery time being 3 months and the longest being 1 year.
If you are also caught in the "loss recovery" death loop, why not try these four iron rules? You too can steadily climb out of the pit. Reach out to me proactively, and I'll accompany you on your path to recovery.
Keep an eye on: $LUNA2 $POWER $CC
