(Trading experience sharing, not investment advice)
I am a seasoned trader who entered the market in 2017. I have seen the madness of doubling in a single day, and I have endured a 50% cut during the 312 crash. But what pulled me out of repeatedly cutting my losses and ultimately growing my account to eight figures can be summed up in two words—"timid" and "steady."
**Beginner Stage: Staying Alive Is More Important Than Making Money**
Initially, I only had 1000U, and like most newcomers, my mind was full of "quick doubles." Reality quickly taught me:
Leverage was cranked up—5x was not enough, 10x was just the beginning, and as a result, a single slip-up wiped me out; chasing gains and cutting losses—buying whatever coin was surging, then cutting losses when it fell, repeatedly working for the market makers; going all-in based on tips—being fooled into going all-in on some obscure coin, ending up with no Gas fees left.
Later, I realized one thing: during the small capital phase, the real goal isn’t making money, but not dying. So I set a few ironclad rules:
Divide 1000U into 5 parts, with a maximum of 200U per trade; if you lose it all, stop and rethink; always set a stop-loss for each trade, decisively eliminate the "let’s see" hope mentality; only trade what I understand, avoid complex contracts, and refuse FOMO.
This stage did involve losses, but I knew exactly how much I was losing—each loss was a tuition fee, gaining respect for the market.
**After Growing the Account: Use Profits to Add Positions Instead of Gambling with All-in**
Once my account exceeded 10,000U, I adjusted my approach. The core change was position sizing—no matter how crazy the market, I never exceeded 25% of my total position, and this line I would never cross; take a portion of floating profits to add to positions, rather than risking my entire fortune.
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MetaverseLandlady
· 7h ago
Really, being cautious is the way to go. I was too greedy before, and as a result, I got wiped out in that 312 wave. Now I rely on this "staying alive is the most important" logic to slowly turn things around.
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Eight figures sound daunting, but I got all the details right—following the single trade limit of 200U, I indeed avoided losing an unnecessary amount of money.
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Talking about stop-loss lines sounds easy, but actually implementing them is really hard. I've been battling the "look again" devil for three years.
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I need to remember the rule of not exceeding 25% position size. I feel like I got burned because I went all-in before.
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Using floating profits to add positions instead of going all-in changed my entire understanding of risk. It's a real sign of growing up.
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Getting in during 2017 and still being here now isn't easy. If it were me, I’d have been cut into pieces long ago, haha.
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"Being cautious and steady" are the simplest words, but how many people can really do it? Most are still dreaming of getting rich overnight.
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SmartContractPlumber
· 7h ago
Interesting, the words "coward" and "steady" really hit the mark. But to be honest, compared to position management, I'm more concerned about whether the contract codes of these tokens you trade have been audited. Don't end up losing everything due to reentrancy vulnerabilities or integer overflows—that would be true zeroing out. Too many people die from market volatility, but in reality, they die because they never audited the smart contracts in the first place.
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MEV_Whisperer
· 7h ago
Damn, this is the truth. Unlike those scammers who shout about getting rich overnight every day, living truly is the most important thing.
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BridgeJumper
· 7h ago
This guy's summary is quite straightforward—it's one word—living is the most important, making money is a later matter.
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Being cautious is really a skill. I used to fall for greed before, but now I've changed that habit, and my account feels much more stable.
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Damn, I'm the kind of idiot who goes all-in on a gamble, and I'm still regretting it. If I had known earlier, I would have listened to this kind of heartfelt advice.
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Talking about an eight-figure account casually, but how many heartbreaks are behind that? Still, the logic is indeed sound.
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The most heartbreaking thing is the phrase "every penny is tuition." I've paid quite a bit of tuition, haha.
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Stop-loss is really a tricky thing. It's easy to say but hard to do. You always want to take another look, and then it's gone.
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It reminds me of something from 2018—putting my entire net worth in, and losing it all with just one needle. Now I'm much more stable.
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Staying within 25% is really a smart boundary. I didn't have this concept before, but now I'm learning.
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AirdropFatigue
· 8h ago
It's already 2024, and you're still talking about "timid" and "steady." You should have understood by now, but seeing your eight-figure net worth, you do have some skills.
(Trading experience sharing, not investment advice)
I am a seasoned trader who entered the market in 2017. I have seen the madness of doubling in a single day, and I have endured a 50% cut during the 312 crash. But what pulled me out of repeatedly cutting my losses and ultimately growing my account to eight figures can be summed up in two words—"timid" and "steady."
**Beginner Stage: Staying Alive Is More Important Than Making Money**
Initially, I only had 1000U, and like most newcomers, my mind was full of "quick doubles." Reality quickly taught me:
Leverage was cranked up—5x was not enough, 10x was just the beginning, and as a result, a single slip-up wiped me out; chasing gains and cutting losses—buying whatever coin was surging, then cutting losses when it fell, repeatedly working for the market makers; going all-in based on tips—being fooled into going all-in on some obscure coin, ending up with no Gas fees left.
Later, I realized one thing: during the small capital phase, the real goal isn’t making money, but not dying. So I set a few ironclad rules:
Divide 1000U into 5 parts, with a maximum of 200U per trade; if you lose it all, stop and rethink; always set a stop-loss for each trade, decisively eliminate the "let’s see" hope mentality; only trade what I understand, avoid complex contracts, and refuse FOMO.
This stage did involve losses, but I knew exactly how much I was losing—each loss was a tuition fee, gaining respect for the market.
**After Growing the Account: Use Profits to Add Positions Instead of Gambling with All-in**
Once my account exceeded 10,000U, I adjusted my approach. The core change was position sizing—no matter how crazy the market, I never exceeded 25% of my total position, and this line I would never cross; take a portion of floating profits to add to positions, rather than risking my entire fortune.