On the night of the liquidation, I stared at the ceiling until dawn. Now, I leave you the three 'sleeping pills' that saved me back then.
When the news broke, I flashed back to that sleepless early morning after the liquidation years ago. The market is never short of opportunities; what is lacking is the ability to survive until those opportunities arise.
If losing this 2700U tomorrow will keep you awake at night, then what we need to treat now is not the account, but the insomnia itself.
01 First cut the funds, keep the 'coffin money'
I have seen too many people hold on to the mentality of 'making one last gamble' and bet all their remaining capital at once, only to end up with what truly became 'the last transaction'. The cruelty of the crypto market is that a 100% loss requires a 400% gain to break even.
My approach is simple and straightforward: divide 2700U into three portions, 900U each.
The first portion of short-term funds allows a maximum of two trades per day, regardless of profits or losses, I will shut down. The second portion of trend funds is only used when the weekly chart stabilizes above the 20-day moving average and the trading volume increases. The third portion is emergency funds, only used for averaging down during extreme market crashes or dealing with sudden situations, and must be replenished immediately after use.
It's like a bulletproof vest on the battlefield; it may affect your running speed, but it ensures you won't die on the spot when hit. Capital is a seed, not rainwater; once it's gone, it's really gone.
02 Give up perfection and only eat the fattest segment of the trend.
I used to be a 'technical analysis fanatic,' obsessed with capturing every small fluctuation, which resulted in frequent stop-losses during choppy markets, slowly eroding my capital. Later, I understood that trading is not about who is smarter, but about who is more disciplined.
Now I only recognize three types of signals: bullish alignment of daily moving averages, a significant breakout of previous highs, and the closing price stabilizing at key positions. Only when all three conditions are met will I use 30% of my short-term funds to enter.
When profits reach 30% of the principal, I immediately withdraw half of the profits and set a trailing stop for the rest. No one can buy at the lowest point or sell at the highest point; we can only capture the safest segment in the middle.
"Better to miss out than to make a mistake"— this is my current motto. The market always has opportunities, but the capital only comes once.
03 Build a system to lock emotions in a cage.
The biggest enemy of trading is not the market, but the greed and fear within ourselves. I once engaged in revenge trading due to losses, which only expanded the losses; I also closed positions too early due to profits, missing out on significant market movements.
Now, before each trade, I write down three iron rules: entry price, stop-loss price (not exceeding 3% of the principal), and shutdown time. Once the stop-loss point is reached, I immediately close the position, giving no chance for 'let's see again.' After making 10% profit, I immediately raise the stop-loss to the cost price to ensure that this trade will not incur losses.
I set the strictest discipline for myself: I must turn off my computer before 12 a.m., even if the market is crazy, I won't watch the charts. If I can't sleep, I uninstall the trading app and reinstall it the next day— the longer I watch the charts, the poorer my judgment.
Two months later, he sent a screenshot: account value 50000U.
I replied: 'Withdraw the principal and continue to play with the profits.'
Now he checks in the group every day after the market closes with 'Shutdown complete', like a collective practice. Living longer is the greatest leverage in a bull market. If you still can't sleep now, feel free to join my group to listen to the shutdown sounds from everyone— the more people, the more reassuring the sound.
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