In 2018, I carried 1 million and rushed into the crypto market. Back then, all I could think about was the myth of hundred-times coins. I only slept 4 hours a day, staring at the K-line from midnight until dawn—chasing hot trends, going all-in, adding more when going against the trend. Every mistake that new traders make, I made them all.

I heard that a certain platform coin was going to skyrocket, so I went all-in. As a result, it broke below the issue price as soon as it listed. I lost 280,000 in 3 days. Ethereum fell from 800 to 400. I thought it was the bottom, kept adding to my position, and only sold when it dropped below 200. After three years of messing around, the 1 million was left with only 230,000.

I sent a screenshot of my account to my wife. She cried and said the days were impossible to live through. I didn’t dare go home. I hid in a rented room, smoking stoges, cigarette smoke filling the place. Late at night, the cigarette butt burned through 3 shirts. My daughter tugged at my clothes and said, “Dad, don’t be sad,” and I didn’t even dare to look up.

But I was not willing to give up. I shut myself in my study for 3 months, going through all 287 trading records—marking clearly the reason for the loss of every single trade: full position, holding through drawdowns, chasing after highs, and not cutting losses. I started systematically studying technical analysis, position management, and cycle rules, and I put up “Cut losses, don’t hold on; don’t let your position exceed 50%” all over my computer.

In the 2021 bull market, I no longer went all-in. I only traded Bitcoin and Ethereum, starting with a strict 30% position and setting my stop-losses. When the market was choppy and ranging, I forced myself to stay put. When it broke down, I cut the position decisively. When I was in profit, I gradually added to my position. That year, I went from 230,000 to 1.8 million.

In the 2022 bear market, I kept my hands under control and only did spot DCA. I didn’t touch leverage and I endured the long-lasting decline. In 2024, when the AI and inscriptions market exploded, I laid the groundwork in advance, caught several waves of the main breakout surges, and the funds kept breaking through.

In 7 years, I went from losing 770,000 to netting 34,000,000. Now I understand: in the crypto market, it’s not a gamble on luck. It’s about enduring patience, following discipline, and understanding cycles. If you make it through the trough, and if you stick to the rules, there’s a chance for a comeback. #加密市场小幅下跌 $BTC $ETH