——A Veteran Trader's Practical Reflection

That Night Almost Caused a Breakdown

Three months ago, a friend came to me with an account only holding 1000U, voice hoarse, asking: "Is there still hope?" I was frank: "Don’t think about getting rich overnight. Be satisfied if you triple your money."

Seven days of steady trading, on the eighth day a single bullish candle appeared, and the account recovered 2800U. He sent me a voice message, his voice a bit choked up: "This money saved me." At that moment, I truly understood—what can save people in the crypto world is never some advanced technology, but the discipline to break the losing logic.

Why Do You Keep Getting Liquidated When the Market Goes Crazy

Bitcoin has already approached $90,000, and over 170,000 people have been liquidated in the past 24 hours. Many blame the market for being ruthless, but I want to say that most of the time, the problem isn’t the market.

The old tricks of chasing gains and cutting losses are still being played: when prices go up, go all-in; when they drop 10%, cut and run; then get repeatedly liquidated. Many also believe in technical analysis: retail traders spend all day studying K-lines and MACD, but ignore the holdings changes of big institutions like Grayscale, and are indifferent to macro events like rate cuts and US Treasury bonds. Another issue is leverage addiction—using 50x, 100x leverage, often pushing it to the limit, resulting in a 1% market fluctuation wiping out the account.

A clear comparison makes it obvious. There’s a guy named Mr. Li, who studied finance formally. His strategy to double his funds in three days relies on quick error correction and low leverage testing. In contrast, Ms. Chen has been liquidated three times in a row but still bets on "the position being right." One reverse fluctuation can wipe her out completely.

Pace Is More Important Than Analysis; Execution Is More Important Than Prediction

My core strategy is actually very simple:

**Never fully commit your position**. Never open a single trade exceeding 10% of total funds, and set a strict stop-loss at 2%. Even if you make a wrong judgment, the loss is just a small fraction. Preserving capital is the only way to turn things around.

This is not conservative; it’s the way to survive the most volatile markets.