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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.