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A fan once reached out to me, and his state was truly崩溃. With an initial capital of 100,000U, he messed around in the market and ended up with only 5,000U. At that time, his situation, I dare say, reflected the common pitfalls of most losing traders: dozens of trades every day, fees skyrocketing like a roller coaster, FOMO on the order book, waking up to find the account unrecognizable.
He still clung to the delusion that "a bull run will quickly recover everything," but instead of a market revival, his funds directly approached zero. Seeing others boast hundredfold gains on Dogecoin, his rationality immediately dropped out, and he went all-in. The next morning, he opened his eyes to find his account wiped out. During those days, he stayed glued to the screen until 3 or 4 a.m., eventually collapsing in his trading chair, repeatedly questioning whether the market had betrayed him.
When he came back to me with only this remaining 5,000U, I simply told him: "Want to turn things around? You need to place orders like a sniper, not just spray with an automatic weapon."
**First Change: Abandon the Short-Term Volatility Trap**
My first task for him was very simple—ditch the 1-minute chart, focus only on breakout signals at 4-hour levels and above. This is where retail traders most easily fall into traps, always trying to catch every fluctuation, but ending up paying huge fees and gradually losing their composure. I told him: "Better to miss ten opportunities than to make one wrong trade. No more than three trades a day. If you get itchy, go for a walk, stay away from the keyboard."
Trading is not gambling. The crypto market never sleeps; opportunities are everywhere. What’s truly scarce are traders who are willing to wait for signals, dare to miss out, and know when to stop.
**Second Key: Reasonable Position Management**
Since then, he began to truly understand what risk control means. He set a hard limit on single-loss amounts, no longer relying on imagination to trade, but adjusting based on actual market rhythm. Gradually, his account recovered from 5,000U back to near his original capital.
The first step to turning things around is actually just surviving.