Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

#数字货币市场回升 I've seen too many people crash in the crypto world, but this case still left me stunned for a long time.



A friend once chased Dogecoin to the point where he spent his rent money, and in two days his account hit zero three times. Later, he followed ZEC from 1500U to 23,000U, but in the end, I still blocked him.

I didn't teach him any advanced technology, just set three strict rules.

**First: Break the money apart, don't just shove it all in**
800U principal is split into three parts—300 for short-term trading, opening one position a day, and closing the computer as soon as a 5% profit is made; another 300 waits for opportunities, and not touching it unless it reaches the support level; the remaining 200 is for emergency funds, and no matter how urgent, it should not be touched. At first, he complained "what can this little money do", until he saw a colleague's contract get liquidated, then he obediently followed the plan.

**Second: Only eat the main upward trend, don't gnaw at the fluctuations**
The market is mostly stagnant, so I told him to go to the gym during the consolidation period. I remember one time ADA was stuck for an entire week, and he messaged me in the middle of the night asking if he should pounce early. I just replied with two words: "wait for equal amount." The next day, a big bullish candle broke through, and we made an 18% gain. That’s when he realized that sometimes doing nothing is ten times better than acting recklessly. Every time the profit exceeds 15%, I force him to transfer one-third to his bank account—numbers on the phone are far less reassuring than the SMS notification of the deposit.

**Third: Let the system enforce discipline for you**
Stop-loss must be set at 3%, and it will automatically close when the line is touched; if the profit exceeds 8%, immediately move the stop-loss to the breakeven point. Once, he was trading LTC, and just as it was about to hit the stop-loss line, he wanted to manually cancel the order. I directly threw him a screenshot of the liquidation from three months ago. That night, LTC plummeted by 12%, and he stared at the 1% loss in his account, experiencing the meaning of cutting losses for the first time.

When the account broke 20,000 U, people started to get carried away. They ran to various signal groups and even mocked others for being timid and not making money, even using full leverage to chase MEME coins. After the principal retraced by half, I received his lengthy message in the early morning: "If I had gone all in back then, I would have been at 50,000 by now."

I was flipping through the chat records where he previously said "Thank you for teaching me risk control," and suddenly understood one thing: the market does not eliminate the poor, it only eliminates the rule-breaking gamblers.

Before deleting a friend, I sent the last message:

"From fifteen hundred to twenty-three thousand, it has never relied on luck or market trends, but on rules. Rules keep you alive, while the market can reset you to zero."

Later, we never contacted each other again.
ADA-12.11%
LTC-10.44%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 4
  • Repost
  • Share
Comment
0/400
MidsommarWalletvip
· 11-29 11:50
To be honest, when I saw that line "If I had gone all in back then, I would have made 50,000 by now," I just laughed. This is a common issue in the crypto world; once you make a little money, you start to self-hypnotize.
View OriginalReply0
Frontrunnervip
· 11-29 11:48
These rules make sense, but the hardest part is dealing with human nature. I've seen similar situations where people get carried away after making money and feel they must go all in to be satisfied.
View OriginalReply0
DegenApeSurfervip
· 11-29 11:38
This guy's story is so on point; making money has instead become a fatal injury, really.
View OriginalReply0
SchroedingerMinervip
· 11-29 11:24
This guy just can't figure it out, making money and then starts to play people for suckers, in the end, he deserves to be harvested.
View OriginalReply0
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)