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I've seen too many people enter the market dreaming of financial freedom, only to end up with a single phrase: "Breaking even is a distant dream."
I still remember that guy in 2019, who turned $20,000 into $300,000 through sheer effort. Watching the account balance grow, he clung to the idea of "must reach $1 million." What happened six months later? The account dropped back to just over $10,000. I’ve also suffered losses myself—at the peak, there was $1.8 million in my account, and in a moment of impulsiveness, I thought about doubling it again, only to watch it shrink to $400,000. The cruelest part of the crypto world is this: all the numbers on the screen are fake; only the money you actually withdraw is real in your pocket.
**Why is it so easy to get trapped?**
First, the illusion of freedom. The moment your account balance skyrockets, your mind starts to spin stories—just hold on a little longer, keep going, and you'll turn things around completely. But the market doesn’t buy into that. When Bitcoin surges, the whole network celebrates, RSI hits above 90, and on-chain data shows increasing sell pressure on exchanges—these are all red flags flashing wildly. Yet most people pretend not to see them, always thinking, "This time is different."
Then there's the trap of greed. During the hottest bull market, even meme coins can double in a day. In this atmosphere, the moment you think about taking profits, a thought immediately pops up: "Isn’t this a loss?" But data never lies: once the seasonal index of altcoins exceeds 85, and meme coins flood the market, a correction is just around the corner.
**My strict rule for myself: triple the position, then take half off**
After suffering big losses, I strictly follow a rule—whenever a position triples, I immediately withdraw 50% of the profit. For example, if I start with $100,000 and it grows to $300,000, I take out $100,000 to lock in gains, leaving the remaining $200,000 to continue trading.
Why must it be a threefold increase? Because the risk-reward ratio is healthy enough. Even if the remaining position crashes to zero, you’ve at least broken even and preserved your principal plus some gains. This approach keeps my mindset relaxed and prevents impulsive decisions later on.