From a Million Loss in the Crypto Circle to a Ten Million Return

"4 million turned into 700,000 in just three days."
On Christmas night 2019, in a Shanghai rental apartment, I stared at the screen, teeth chattering. Three days earlier, my account showed unrealized gains of 4 million; I thought I had achieved financial freedom. Three days later, Bitcoin plummeted, and my 400,000 principal along with annual interest was swallowed up, leaving only 700,000. At that moment, I truly understood the meaning of "wealth on paper, ashes in the fire."
Seven years have passed, and I’ve climbed back from 700,000 to ten million using three strict rules, which I now share:
① Leverage is a knife, not wings
20x leverage once allowed me to net 500,000 in a single day, but also nearly wiped me out within two hours of the "924" regulatory crackdown. Now, the trading interface permanently locks at 3x leverage, with positions in a single token limited to 5%. This isn’t cowardice; it’s leaving room for life—survive first, then talk about making money.
② Mainstream tokens are the ballast—BTC, ETH
I once bet 300,000 on a "hundredfold altcoin," with 1.8 million in profit that I didn’t take, only for the project to go to zero and my funds to be completely wiped out. Now, 85% of my funds are anchored in BTC and ETH, with only 15% used to try new tokens. Maintaining the fundamentals allows me to stand firm amid market fluctuations and wait for the next favorable wind.
③ Stop-Loss is a life-saving charm
In the past, I would add to positions after a 15% fall, resulting in losing half a house. Now, I set an 8% hard stop-loss before each trade and exit immediately when triggered. More than an 8% drawdown usually indicates a misjudgment. Admitting mistakes promptly helps preserve the principal to recover.
The market is never short of opportunities; what’s missing is the principal that can survive until those opportunities arrive. A ten million account isn’t an honor—it’s the "interest" earned by sticking to these three iron rules. The night road is long, and I’ve already set my lamp.
If you want to avoid the pitfalls I’ve stepped into, @CryptoCircle relies on discipline to navigate the crypto world steadily. Join me in guarding the rules and protecting the principal, waiting for your own market in the fluctuations!
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