The Crypto World in 10 Years: From Liquidation to Profitable Awakening

In 2015, I plunged into the crypto world purely following the trend — I couldn't understand the K-line, and my positions were based on intuition. After three years, I hadn't made any money, but my temper had become increasingly irritable.

At the end of 2018, BTC dropped from $6000 to $3000. I thought it was the right time to buy the dip and converted all my remaining hundreds of thousands of cash into 20x contracts.

I didn't expect that three days later, a 12% bearish candle would wipe my account to zero. That night, staring at the ceiling, I finally understood: betting hope on the K-line is even more absurd than blindly trusting an ex.

After calming down for two weeks, I swiped my credit card to gather $200 as tuition.

I set three strict rules for myself: no loss exceeding 2% of the principal per trade, take 50% profit when up 10%, and never touch markets that I don't understand. Initially, I only dared to open 30 BTC contracts and carefully reviewed each trade.

In half a month, I rolled $200 to $26000. I excitedly treated my colleagues to hot pot, but then turned around and had to withdraw twenty thousand to pay off my credit card. The remaining positions, due to overconfidence, didn't stop loss, and I went back to square one overnight. It was the second liquidation that engraved the words 'stop loss' into my bones.

For the third time, I only took 10,000 RMB, still starting from $200, lowered my leverage to within 5 times, no longer adding to my principal or dreaming of getting rich overnight. I focused solely on the BTC fluctuations between $3000 and $14000, repeatedly operating with a fixed risk-reward ratio of 1:3.

Bear markets are long, and bull markets are short, so I calmed myself down to accompany the bear market: working during the day, placing grid orders at night, and writing reviews on weekends. Every time I accumulated a profit of 5000 RMB, I would withdraw it, turning it into steak and books, securing my gains.

Two years later, the initial principal remains, but my bank card has gained an additional 2 million. Friends ask me what leverage is the most profitable, and I answer: 'The leverage that allows you to sleep peacefully is the most profitable.'

In fact, in the crypto world, the size of the principal and the alternation of bull and bear markets are just noise.

What can truly break the cycle of liquidation is a replicable trading system and the discipline to withdraw profits from the exchange.

The market is always there; first learn to survive, and making money will naturally follow. @juice13