I still remember the screenshot I received that afternoon: 200,000 principal left only 5,000.
This friend's approach is very typical—$SHIB pumped with 10x leverage full position, dozens of trades in a day, fees eating away the principal like termites. When bearish, they keep adding to the position, muttering that a rebound will come, but the account is wiped out directly.
Even more ruthless is FOMO—scrolling through others' hundredfold returns on meme coins, getting impulsive, going all-in to follow the trend. The next morning, the account is beyond saving.
I told him: If you want to turn things around, first learn to stay alive.
I only did three things, seemingly simple but extremely counter-human.
**First: Stop pointless tinkering** Completely quit the addiction to 1-minute K-lines and frequent trading. If you don't understand, stay out of the market, sit on the sidelines, and rather miss opportunities than make reckless moves. This is the first step to survival.
**Second: Take profits systematically when you make money** Strictly limit the first trade to 10% of the principal (here, $500). Once floating gains exceed 20%, take half profits immediately, and set a trailing stop on the remaining. No adding to positions, no averaging down, just use profits to try to amplify gains.
**Third: Stop-loss is like a pacemaker** Set a stop-loss on every trade; if losses reach 5%, cut the position immediately. If you hit two consecutive stop-losses in one day, shut down the trading app right away to cool your emotions.
What was the result? Two months. From 5,000U back to 100,000U.
There’s no story of soaring to the sky, only a process of rising from the ruins bit by bit. Climbing from the brink of account collapse to six figures.
I’ve seen too many people lose everything, and the root cause is always the same—not because they don’t understand the market, but because they’re always gambling on "holding on a little longer to break even." The market is this cold-blooded; traders with different emotional bets are only rewarded if they stick to the rules and survive.
If you’re also caught in a vortex of losses, try reviewing your trading records. How was that money sent out, one by one? The real turnaround starts with the brutal truth: controlling your fingers is a hundred times harder than catching tenfold coins.
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0xInsomnia
· 5h ago
To be honest, the most heartbreaking part after reading this story isn't losing 200,000, but that line: "Controlling your fingers is a hundred times harder than catching ten times the coins"... I damn well died right here.
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OneBlockAtATime
· 5h ago
That hits too close to home. I've seen too many cases of using 10x leverage to go all-in, and it's basically a suicidal move.
I need to engrain the phrase "control your fingers" in my mind—it's really a hundred times harder than bottom-fishing for a hundredfold coin.
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DefiVeteran
· 5h ago
To be honest, I've heard this story too many times. The key is to be ruthless and follow the rules. I also lost 200,000 back then. Now I understand that you have to control that mischievous desire—cut 5%, there's really nothing to be ashamed of.
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GasFeeGazer
· 6h ago
When it dropped from 200,000 to 5,000, I was betting on a rebound; the market was betting on my liquidation.
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Honestly, using 10x leverage with full position is just ridiculous. How much of the principal do the fees eat up?
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The most heartbreaking thing is that phrase "Controlling your fingers is harder than catching ten times or a hundred times the coins." I'm now trying to quit frequent trading.
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Rising from 5,000 to 100,000 at this pace isn't exaggerated; it feels more credible and reliable than those who boast about getting rich overnight.
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Stop-loss is like a pacemaker; that analogy is perfect. I need to reflect on those orders without stop-loss.
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Two consecutive stop-losses and then closing the software—that rule I need to write down and stick on my monitor.
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FOMO is really the fastest way to lose money. Seeing others' meme coins multiply a hundred times makes my brain overheat. This illness needs treatment.
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It's not that I don't understand the market, but I always want to gamble on "holding on a little longer." That sentence really hits me deep.
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That afternoon when 200,000 dropped to 5,000 must have been incredibly despairing. But I didn't give up; in two months, I climbed back to 100,000. That’s what a mature person should look like.
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AllInAlice
· 6h ago
Honestly, the moment when it drops from 200,000 to 5,000 must have been incredibly despairing. But the harshest part isn't the loss itself; it's the psychological trap of "just wait a little longer, it'll recover." I have friends like that too, and now they hardly trade at all.
I still remember the screenshot I received that afternoon: 200,000 principal left only 5,000.
This friend's approach is very typical—$SHIB pumped with 10x leverage full position, dozens of trades in a day, fees eating away the principal like termites. When bearish, they keep adding to the position, muttering that a rebound will come, but the account is wiped out directly.
Even more ruthless is FOMO—scrolling through others' hundredfold returns on meme coins, getting impulsive, going all-in to follow the trend. The next morning, the account is beyond saving.
I told him: If you want to turn things around, first learn to stay alive.
I only did three things, seemingly simple but extremely counter-human.
**First: Stop pointless tinkering**
Completely quit the addiction to 1-minute K-lines and frequent trading. If you don't understand, stay out of the market, sit on the sidelines, and rather miss opportunities than make reckless moves. This is the first step to survival.
**Second: Take profits systematically when you make money**
Strictly limit the first trade to 10% of the principal (here, $500). Once floating gains exceed 20%, take half profits immediately, and set a trailing stop on the remaining. No adding to positions, no averaging down, just use profits to try to amplify gains.
**Third: Stop-loss is like a pacemaker**
Set a stop-loss on every trade; if losses reach 5%, cut the position immediately. If you hit two consecutive stop-losses in one day, shut down the trading app right away to cool your emotions.
What was the result? Two months. From 5,000U back to 100,000U.
There’s no story of soaring to the sky, only a process of rising from the ruins bit by bit. Climbing from the brink of account collapse to six figures.
I’ve seen too many people lose everything, and the root cause is always the same—not because they don’t understand the market, but because they’re always gambling on "holding on a little longer to break even." The market is this cold-blooded; traders with different emotional bets are only rewarded if they stick to the rules and survive.
If you’re also caught in a vortex of losses, try reviewing your trading records. How was that money sent out, one by one? The real turnaround starts with the brutal truth: controlling your fingers is a hundred times harder than catching tenfold coins.