When he approached me, there was only 1000U left in the account. Although he wasn't a complete novice, his trading record was simply dismal: chasing highs and cutting losses like a headless fly, opening positions in a frenzy due to emotions, and the entire rhythm was in chaos!
On the worst day, he lost two to three thousand U in one go, and his account was on its last legs. Desperately, he told me: if I can't turn this around, I'm really going to quit the crypto world.
I patted him on the shoulder and said, "There are opportunities, but you are too chaotic! This 1000U is not for you to double your money, it's for you to undergo a transformation!
We tackled it with three strategies to turn things around:
1. Stay steady and don't be reckless
Only trade what is clear and certain, and stick to established trends. If it doesn’t go up, just wait patiently; if it doesn’t go down, never rush to exit. If the market hasn’t formed, just stay out; if the market shows signs, prepare to ambush and wait for the harvest.
2. Control your hands, prioritize survival
Invest a maximum of 200U per trade, first ensure your survival, then talk about profits. Set a stop-loss for each trade; losing a bit of money isn’t scary, what’s scary is holding on stubbornly and ending up with painful losses. In the past, he lost 2000 in a day, now he steadily earns three to five hundred a day.
3. Addicted to reviewing trades, logic is king
Record every trade in detail, don’t rely on gut feelings or emotional impulses. When the logic is clear, the mindset is as steady as Mount Tai.
Two months later, a miracle occurred! His account skyrocketed from 1000U to 50,000U! It wasn’t about getting rich in one go, but about maintaining a stable rhythm and strict discipline. At first, he also doubted: is it really possible to turn around at this slow pace?
But when he saw the account numbers continuously rising, those past attempts to make quick money became a huge joke.
You may now only have a few thousand U left, or perhaps you feel completely hopeless, but turning things around is truly not a dream! The premise is that you must discard that gambler's logic based on luck and learn to survive in the market.
Opportunities in the market are as plentiful as hair on a cow, what’s lacking are those who can withstand losses and stick to the system. The next wave of the market is right in front of you; this time, don’t let wealth slip by again!
