Last year, I learned a lesson in the crypto world that I paid 1 million in tuition fees to learn. ETH, SOL, XRP took turns crashing the market, and my account evaporated in an instant. I really couldn't get out of that period—smashing my phone, deleting trading apps, staying alone in my room for two months.



The most overwhelming moment was around the Chinese New Year. My account only had $3,400 left. I stood at a crossroads: either give up completely or start over from zero. At that time, I actually felt a sense of liberation—since it was already like this, I might as well try to let go and give it a shot.

I began to seriously review my previous mistakes, then, together with a group of fans, I started rolling over positions. The $3,400 gradually grew to $120,000, then doubled, then doubled again... Not only did I recover all the losses I had before, but I also made an extra profit of over $200,000. Looking back, the secret to turning things around boils down to these three points, each of which is a hard-earned lesson:

**First: Never full position, always keep some bullets in hand**
The maximum single position is 40%, with the remaining 60% of funds held tightly without touching. When losses reach 15%, you must cut your losses, no matter how reluctant. As long as you have ammunition, there’s always a chance to turn things around. This discipline is more important than anything else.

**Second: Follow the trend, don’t try to catch the bottom or sell at the top**
In an uptrend, go long; in a downtrend, go short. It sounds simple, but executing it requires overcoming psychological barriers. Sometimes, catching the right rhythm can earn thousands of dollars in ten minutes. Compared to blindly holding on, this sense of rhythm is much more effective.

**Third: Profit layering, take profits when it’s time**
Don’t be greedy when you’re profitable—use only 30% of the gains to roll over and amplify your position, and resolutely withdraw the remaining 70%. This way, both principal and profits are protected. Even if the market reverses later, you won’t be wiped out completely.

Honestly, the crypto world is a psychological battle plus a game of probabilities. Risk management is more valuable than predicting the market.
ETH1.1%
SOL1.12%
XRP-0.69%
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
  • 7
  • Repost
  • Share
Comment
0/400
StakeOrRegretvip
· 41m ago
1 million tuition fees, what a price... But the process of converting that 3400U into 320,000 is indeed ruthless.
View OriginalReply0
GateUser-6bc33122vip
· 6h ago
The experience gained from spending 1 million on tuition fees—honestly, this is the tuition fee of the crypto world; no one can avoid it.
View OriginalReply0
digital_archaeologistvip
· 6h ago
One million in tuition fees exchanged for three disciplines, this deal is not a loss --- Really, full position is the original sin, I am now holding on tightly at 60% --- 3400 times to 120,000? What kind of strong mentality does that require, I’ve long been mentally exhausted --- Following the trend sounds simple, but really overcoming greed is too difficult --- Remember the profit layering well, or a wave of retracement will wipe it all out --- Honestly, the hardest part in the crypto world is not making money, but protecting the money --- Hitting the right rhythm and earning thousands in ten minutes? That sounds a bit mysterious --- Risk management > market prediction, that hits home --- People who cut their losses decisively are the ones who live longer --- I just lack that kind of resolve, always thinking about waiting a bit longer, but then the opportunity is gone
View OriginalReply0
BankruptWorkervip
· 6h ago
1 million tuition fee for these three points, it's really worth it, but the problem is that most people simply can't do it.
View OriginalReply0
SmartContractDivervip
· 6h ago
Bro, that sounds like a joke. Turning 3400U into 120,000, why not say you won the lottery?
View OriginalReply0
ContractBugHuntervip
· 6h ago
Really? From 3,400 to 330,000? How lucky or how fast do you have to be? Why don't I have this kind of luck?
View OriginalReply0
AirdropHunterKingvip
· 6h ago
Oh no, a million in tuition fees is no joke. I also got hammered by SOL back in the day. But those three strict rules at the end were really tough—especially the 40% position and 15% cut-loss rule. That's exactly how I operate now, even though sometimes I still get tempted to go all-in...
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 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)