At two in the morning, my buddy cried and said, "Ten thousand U is gone," after I finished scolding him, I directly blocked him.

At two in the morning, WeChat voice messages exploded, and Ahao from Zhejiang exclaimed: "Bro, I just went to take a pee, and when I came back, my account was cleared!"

While I was munching on instant noodles, I opened his backend—good grief, 9500 U fully leveraged at 30 times, BTC just dropped by 3%, and he was directly liquidated.

I was so angry that I bent my fork: this isn’t opening a position, it’s giving the big players New Year money.

Last year, I almost did the same thing.

At that time, the account had 12000 U, I heard the "master" shouting long, so I threw in 10000 U, but then ETH crashed by 7% overnight, and when I woke up, only 200 U was left. My girlfriend even asked me why I suddenly said, "break up."

That day I realized: holding all positions doesn’t mean you should gamble everything; it’s meant to give you breathing space.

Later, I set three "turtle shell" rules for myself:

① No more than 20% per trade.

Even if there’s 100000 U in the account, I only take out 2000 U at a time, and if I lose 10%, that’s only 200 U, which isn’t even enough for takeout.

② Cut losses at 3%.

Opening at 2000 U with ten times leverage, set the stop-loss at 1.5%, if I lose 300 U, it automatically shuts down, I go pet my cat to calm down, and no matter who advises, I won't increase my position.

③ Treat sideways markets as dead bodies.

Last November, ETH was sideways for eight days, and in the group, there were constant long and short explosions. I binge-watched shows, and on the ninth day, when it broke through 1920, I chased in with 30 times leverage, rolling 60% in two days, withdrawing half to directly buy a PS5.

The best part was Xiao Ze, who used to blow up every month. Later, following my turtle shell method, 5000 U slowly turned into 8200 U over three months. He treated me to hot pot, saying it was the first time he had "non-liquidating" fatty beef, which was really tasty.

Remember, holding all positions isn’t about gambling with your life; it’s about wearing armor.

Don’t always think about getting rich quickly; first, learn to put the small coins in your pocket before talking about the stars and the sea.

Those who can survive in the market and still make money have always been the ones who dare to reach out first.

Are you ready? @bit福多多

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