The K-line on the screen jumps like an electrocardiogram, but my heart is almost stopped. At that moment, I clearly realized: it’s not the market playing with me, it’s me gambling on the market.
At 2 AM, ETH plummeted to around 3800, I stared blankly at the screen, my account went from 20,000 U down to only 420 U. That feeling of suffocation is still fresh in my memory. The harshest part of the crypto world has never been the market, but the greed and fear in human nature.
I used to be a typical 'retail investor template': chasing highs and selling lows, operating with a full position, adding to my position against the trend, overly confident. After every crash, I told myself to be rational, but when the next 'opportunity' appeared, I couldn’t help but dive in with all my funds. This cycle continued until that sleepless night broke it.
Turn off group chats, delete all signal numbers, and with my remaining 420U, I tell myself: From today onward, let positions be guided by reason, not emotion.
Starting over: learn the art of 'rolling'.
With 420U in hand, I did not rush to recover losses but began to try a new strategy—taking small positions to explore direction, finding the trend and then adding to positions, using profits to build up. I no longer seek to get rich overnight; instead, I let the market slowly make money for me.
In the first wave, ETH rebounded from 3800 to 4280, and my 420U turned into 1730U. I was not excited, nor did I go all in; I simply proceeded calmly to the next order. A month later, my account surpassed 10,000U. In the third month, the account showed 109,000U.
During this period, I deeply understood a veteran player’s words: 'Only those who can see the logic clearly have a chance. If you blindly enter without knowing anything, you will surely be the one getting cut.'
The core of rolling positions: risk management surpasses everything.
Many people misunderstand rolling positions, thinking it is a high-risk behavior. But in reality, the secret to rolling positions is not in the technique but in risk management. Successful rolling positions require sufficient patience, only acting when certainty is high.
My approach is:
Always maintain light positions for testing; even if the judgment is wrong, losses are controlled within an acceptable range.
Only gradually increase positions when the trend is clear, avoiding emotional decision-making.
Do not blindly increase your positions after making a profit; instead, stick to the planned execution.
This coincides with the views of a seasoned trader: 'Never go all in; if you do and the market crashes, even gods can't save you.'
Mindset determines success or failure: In the crypto world, it's about who can endure.
After years in the crypto world, I have observed an interesting phenomenon: many technically skilled old hands are ultimately led away by greed, while some seemingly clueless newbies manage to turn things around step by step through a steady rhythm.
The crypto world is never about intellect, but about who can endure, maintain stability, and be patient.
Experienced investors know that the volatility of crypto assets far exceeds that of traditional assets. In such a market, maintaining a rational mindset is more important than any technical indicator. I have seen too many people blindly enter the market out of fear of missing out, only to suffer heavy losses.
A veteran player who started engaging with Bitcoin in 2013 shared his journey: 'Wavering between doubt and acceptance, chasing highs and cutting losses in wave trading is the real experience of most people in the crypto world.' I resonate deeply with this experience.
My investment principle: survive to thrive.
Now, I follow a few simple principles:
1. Absolutely do not touch futures contracts.
'Newbies die from chasing highs, veterans die from bottom fishing, and experts die from leverage.' Futures trading is extremely risky and is not a field ordinary investors should venture into. I have seen too many people lose everything in leveraged trading.
2. Avoid 'the grass is greener on the other side'.
Do not hastily cut losses and chase after other coins when they rise; the result is often a loss on both ends. I have learned to focus on areas I am familiar with and not to blindly follow trends.
3. Be good at waiting for opportunities.
Opportunities in the crypto world are always abundant, but not every opportunity is suitable for everyone. I adhere to the principle of 'not investing if I don't understand' and only enter when I have full knowledge.
4. Maintain independent thinking.
By turning off those noisy group chats and signal numbers, I find that I can think more clearly about market trends. Investing requires personal strategies to face price fluctuations calmly.
Conclusion: Find your own rhythm.
On the road from 420U to 100,000U, my greatest gain was not financial growth but finding my own rhythm. There is no foolproof method in the crypto world, but there are controllable risks and manageable rhythms.
I do not gamble; I roll; I do not seek to get rich overnight; I accumulate; I do not aim for a doubling in one night; I only seek to fully benefit from one wave.
True successful individuals in the crypto world are those who can overcome human weaknesses and stick to their investment principles. They know that every market fluctuation is a test of human nature, and those who can laugh last are always the investors whose rationality surpasses emotion and whose planning outshines impulse.
The market is always there, and opportunities are never absent. But living longer is more important than making quick profits; this is the most valuable lesson I have learned in the crypto world.
Follow Xiang Ge to learn more first-hand information and precise points about crypto knowledge; become your guide in the crypto world, as learning is your greatest wealth!
