Last year, a fan begged to find me, saying they had lost all their savings. They originally entered with 100,000 USDT, thinking they would make a big profit, but ended up losing it all due to poor decisions, leaving them with only 5,000 USDT, asking me to help them recover their losses. Their situation was identical to that of 90% of people who lose money.
When engaged in high-frequency trading, one can place dozens of orders in a day, with transaction fees flowing like a stream, disappearing faster than the principal; when stubbornly holding on, they blindly believe that 'the bull will return quickly,' only to see their account go to zero.
Moreover, when FOMO kicks in, seeing others flaunt hundred times returns on obscure coins, they impulsively go all in, only to wake up and find their account reduced to a mere fraction.
During that time, they were glued to the screen at 3 a.m., with an ashtray piled high, slumped in a chair wailing: 'Have I been slaughtered by the market?'
In their moment of despair, they came to me with 5,000 USDT. I coldly told them, 'If you want to turn it around, you need to learn like a sniper, don't spray randomly with a Gatling gun!'
I gave them three tips.
Tip one, target certain market trends. Stop looking at those 1-minute candlesticks; only focus on breakouts above the 4-hour level. It's better to miss 10 opportunities than to make one wrong trade. Don’t exceed 3 trades a day, and if you feel restless, go lift weights to vent.
Tip two, the devil's rolling technique. Don’t let your first order exceed 10%, which is 500 USDT. You can only increase your position if you are in profit; if you make 20%, immediately take half your profit, and set a trailing stop for the rest to hold on tightly; if you lose 5%, cut your position immediately, and don’t fantasize about averaging down to recover.
Tip three, stop-loss for survival. If you incur consecutive losses twice, shut down immediately to prevent emotional revenge trading. You should also review your trades daily; understand your losses clearly and maximize your profits.
They followed this strategy and indeed managed to recover steadily. They asked me, 'Why didn’t anyone tell me this before?' I scoffed, '99% of people would rather blow up their accounts than admit they are gamblers!'
The first step in turning things around is to ensure survival. Before your principal is wiped out, you must master stop-loss techniques. Remember, discipline is above all; those who blow up their accounts, 99% die from the gambler's fallacy of thinking, 'Just hold on a bit longer and I’ll break even.'
Now, do you dare to open your trading records and see exactly how you’ve lost? If you can’t understand the market, come to the chat room and find Qijie, who will help you carve out a bloody path.
