Having been in the crypto world for so many years, I have seen too many people fall due to 'greed' and 'impatience', but I have always remembered Xiao Huang's case.
She had been trading cryptocurrencies for two years, staying up until the early hours every night staring at the market, her mind filled with thoughts of doubling her assets. In the end, she lost her entire 800,000 principal. When I saw her again, she looked completely lost, speaking weakly, and her eyes were vacant.
If it were someone else, they would either gamble recklessly to try to recover their losses or delete the app and give up. But on the day Xiao Huang found me, she sat on the sofa holding a cup, her eyes still red, and said hoarsely, 'I won't mess around this time; you tell me how to do it, and I will follow.'
In the following six months, she worked steadily with me. In terms of positions, I had her divide her remaining money into ten parts, controlling each trade to within 10%, never going all-in; the profits continued to compound, but the principal was held tightly, ensuring a solid base; stop-losses were stricter, with a single loss capped at 2%, regardless of market conditions, it had to be closed immediately, no hesitation.
That six months saw significant market fluctuations, with some people loading up on popular coins and being forcibly liquidated the same day; others rushed to bottom-fish, only to be trapped and forced to sell at a loss. But Xiao Huang remained calm, following the strategy every day, never adjusting her positions privately. After six months, she actually managed to earn back all of the 800,000 she had lost, bit by bit.
Yesterday she invited me for tea, smiling as she said, 'The principal is back; I’m ready to exit the market. This market tests one's patience; it’s best to take profits when they are there.'
Ultimately, recklessly charging forward will lead to falls sooner or later; finding the right person to manage risk and timing is key to stability. If you really want to turn things around in this market, it’s better to follow a reliable rhythm early on.
