In September, a fan came to me and said: Recently, the market for $ETH has been too volatile, and the account only has 2000u left.
He is not inexperienced; he just relies on intuition for most trades, chasing highs and cutting losses, getting emotional, and losing two to three thousand in a single day, nearly blowing up his account.
He said: "If I don't turn this around soon, I will exit the crypto space."
I said: "The 2000U you have left is not meant for doubling, but for laying the foundation for your future."
Do you think turning it around relies on "taking a gamble"? Wrong!
Turning it around is not about speculation and shortcuts; it requires a steady approach, enduring loneliness, and accumulating step by step.
So, I told him how to proceed in this situation:
1: Learn to stay steady, don't act rashly
In the past, whenever he saw market fluctuations, he wanted to enter the market, chasing highs and cutting losses, resulting in always "buying high and selling low."
I told him: "When the market is not clear, you must learn to calm down and stay out."
If it doesn't rise, just wait; if it doesn't fall, don't rush to enter.
Calm down and wait for the trend to become clear, giving yourself time.
2: Control your position, keep risk manageable
Each time he trades, he only puts in a maximum of 400U, which ensures the safety of his position and controls risk well.
In the past, he lost 2000 in a day, but now he can steadily earn 300 or 500 per trade.
I told him: "Set stop losses on every trade; don't be afraid of losses, but holding on stubbornly until the end is the most dangerous."
In the market, controlling risk is the key.
3: Review and summarize, adjust your mindset
At first, he was a bit skeptical: "So slow, can it really turn around?"
I told him: "Slow is the most stable."
After each trade, whether he made a profit or a loss, he must spend time reviewing, thinking about what he did right and what he did wrong.
Through continuous summarizing and adjusting, his thought process became clearer, and his mindset became steadier.
Three months later, he grew from 2000U to 168,000U.
This is not coincidence, nor is it a sudden explosion, but the result of following discipline and rhythm, progressing steadily and gradually accumulating.
Summary: There will always be opportunities to turn things around, but what the market lacks is not opportunities, but those who can control their emotions and stick to the rules.
What you need to do is not to rush for results, but to execute patiently and move forward steadily.
We are not afraid of being slow; we are only afraid of giving up.
