Last year, a fan chatted with me, and that one sentence left a deep impression: "Bro, the account only has 5000 bucks left... I'm really about to die."

I took some time to review his trading records and was stunned—doing thirty or more trades a day, hesitant to sell when it rose, stubbornly holding on when it fell, and the trading fees ate up almost half of the losses.

You’ve probably seen this kind of situation, or maybe you've gone through it yourself. This is a common "triple mistake" made by trading beginners.

**High-Frequency Blind Scanning**

Staring at 1-minute and 5-minute K-line charts until your eyes hurt, doing dozens of trades a day, and still calling yourself a "day trader expert." The reality? You're just a big spender contributing fees to the platform. Each trade costs 0.1% in fees, and after ten days, your profits are almost entirely eaten up. No matter how much Bitcoin rises or falls, only the fee numbers are moving in your account.

**Blind Faith Holding**

Shouting all day "bull market will return soon," but what you get is not a bull market, but your account bleeding continuously. Holding full positions stubbornly, a 1% drop means a 100% loss—your funds can't withstand such turbulence. Watching others cut losses beautifully, but you refuse to admit defeat, and in the end, you get a margin call notification.

**FOMO All-In**

Seeing others brag about making 100x profits, and in a rush, you pour everything in. The next morning, you wake up to find your account has shrunk to single digits. Insomnia, obsessively watching the charts, never putting down your phone—finally, you collapse in your chair and ask yourself, "How did I become a prey in this market?"

**How to Turn Things Around?**

I set three iron rules for this guy, and he gradually revived his account from 5000U:

**Rule 1: Sniper Trading—Only Take Sure Bets**

Delete the minute-level charts. Only look at the 4-hour and daily charts—they're the real meaningful timeframes. Limit yourself to no more than 3 trades a day; the rest of the time, don’t touch the keyboard—if you’re itchy, do some push-ups.

When you reduce your trades from thirty a day to three, your success rate actually improves. Because you have time to think, instead of being led astray by the market movements.

**Rule 2: Position Rolling Technique—Win and Run, Lose and Cut**

Limit your initial position to 10% of your account, which is 500U. Take profit at 20% and sell half immediately to lock in gains; set a trailing stop for the remaining position—profits keep growing while risks are locked in.

Cut losses at 5%—no hoping for a rebound, no adding positions, no holding through losses. This is the hardest rule to follow, but also the most crucial—having the courage to admit mistakes is more valuable than blind persistence.

**Rule 3: Record and Review**

Every week, organize your trading logs, writing down the reasons and outcomes of each trade. After three months, you'll notice that your successful trades share certain common features, while your failures are often decisions driven by emotions.

This isn’t some secret recipe; it’s the most straightforward money management logic. Many people fail because they understand these principles but can’t execute them. What about you?