The hardest part during that time was opening my account every day and self-blaming. The negative balance in the account was like a debt collector, constantly reminding me how much I had lost. I was anxious, but the more anxious I became, the more I closed my eyes and made rash decisions, resulting in an All in that led to even greater losses.
Later, I gave up the fantasy of getting rich quickly and turned to the path of "living long."
**First, only trade what you understand.** It sounds a bit conservative, but it's truly lifesaving. I've given up on chasing trends and following emotional trades. If I haven't figured out the market, I'll stay in cash; it's better to miss out than to trade blindly.
**Secondly, the position must be strictly controlled.** Even for opportunities that look good, do not over-invest. The benefit of this is that if you incur losses, you can still sleep well, and if you win, you can cash out in time. Many people do not understand how important this is until their principal collapses and they regret it.
**Finally, and most importantly—take some profits as soon as you earn a little.** Don't let the numbers in your account look inflated. The most common mistake made by those in debt is giving back the hard-earned profits to the market. I just make sure to secure every small gain, accumulating slowly, one trade at a time.
What changed me was not a single big profit, but rather the fact that I did not have any major mistakes repeatedly.
Later, the debts were slowly cleared, and my mindset changed accordingly. I finally understood that in the crypto world, the ones who can truly turn things around are not the ones who act the most ruthlessly, but those who can exercise the most self-restraint and stick to their execution.
If you are also stuck in the quagmire of debt right now, stop gambling with your life. Try this simple method, the road will become easier to walk.
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FloorPriceNightmare
· 9h ago
Only by not being greedy and not gambling can one be stable.
The hardest part during that time was opening my account every day and self-blaming. The negative balance in the account was like a debt collector, constantly reminding me how much I had lost. I was anxious, but the more anxious I became, the more I closed my eyes and made rash decisions, resulting in an All in that led to even greater losses.
Later, I gave up the fantasy of getting rich quickly and turned to the path of "living long."
**First, only trade what you understand.** It sounds a bit conservative, but it's truly lifesaving. I've given up on chasing trends and following emotional trades. If I haven't figured out the market, I'll stay in cash; it's better to miss out than to trade blindly.
**Secondly, the position must be strictly controlled.** Even for opportunities that look good, do not over-invest. The benefit of this is that if you incur losses, you can still sleep well, and if you win, you can cash out in time. Many people do not understand how important this is until their principal collapses and they regret it.
**Finally, and most importantly—take some profits as soon as you earn a little.** Don't let the numbers in your account look inflated. The most common mistake made by those in debt is giving back the hard-earned profits to the market. I just make sure to secure every small gain, accumulating slowly, one trade at a time.
What changed me was not a single big profit, but rather the fact that I did not have any major mistakes repeatedly.
Later, the debts were slowly cleared, and my mindset changed accordingly. I finally understood that in the crypto world, the ones who can truly turn things around are not the ones who act the most ruthlessly, but those who can exercise the most self-restraint and stick to their execution.
If you are also stuck in the quagmire of debt right now, stop gambling with your life. Try this simple method, the road will become easier to walk.