Ten years in the crypto world,
Write a summary article for the newbies that can help everyone and improve themselves. (Authentic, hope it gets saved!)
I am from Chaozhou, Guangdong. In 2014, I noticed Bitcoin through foreign exchange students in university, but I didn't buy it. It wasn't until 2016 that I started buying spot trading. So from 2016 to 2025, I have basically experienced all the black swan events and major turbulence. I started trading contracts in 2018 because I wanted to leverage my capital.
Coming to Gate, there were a few moments of glory, once a deity in real trading, but in the end, it inevitably fell!
The highest glory should be when I just entered Gate, I remember it very well, 4000 yuan, I will remember it for the rest of my life. I saved the principal for three months to enter the market, harvesting back and forth through shitcoins and Bitcoin and Ethereum. In half a year, I made it close to 1 million. At that time, I also rewarded many subscribers with dynamic updates and even bought myself a Land Rover.
It wasn't a hundred times, but nearly 200 times. Back then, my online name was "Win with Every Trade". I truly managed to have a completely profitable record, with every single trade making a profit and no losing trades. However, less than two months after selling my car, I encountered extreme market conditions. I couldn't hold on, and the funds from selling the car couldn't keep up with the speed of the liquidation. After the liquidation, the funds came back quickly, but I missed the opportunity to increase my positions, resulting in a chain of liquidations. (At that time, I was really frustrated; everyone was commenting and advising me, saying I had lost my mind.)
Since that time, I basically enter the market once or twice a year, each time achieving several times or even more within a very short period, and then getting liquidated. It might be because I used the first time's 200 times leverage as a reference, leading me to not consider risk retracement no matter if I achieve several times or dozens of times. The result is that I lose money every year; I have to give a little to the market each time.
Mindset must change! Because I will soon reach my tenth year in trading. The ancients said: three years to enter the industry, five years to understand the industry, and ten years to become a king! If I still regard the previous highs as a reference, with that mindset, even if I have another ten years, I won't be able to rise again. That's why I said I stopped depositing since May, saving until October, and reaching five thousand U before entering the market again. I just wanted to calm down for a few months, study and improve properly, and then re-enter the market with the mindset of trading for a lifetime with that five thousand U.
Today, I am sharing this article because I just learned a lesson from an elder brother. Here's the thing: he trained new colleagues today and presented his personal trading account from the company over nearly five years. The initial capital was 100,000. He never withdraws funds, and his annual profit target is 80%-100% of the principal. When he exceeds that, he simply goes traveling, enjoying life, and comes back the next year.
100,000 multiplied by 1.8 to the power of 5 = 1,889,000
Why did he call my name today? Maybe he wants to use me as a negative example for training new people, because he knows my story. For the past two or three months, I often managed to achieve real trading records that multiplied by several times or even dozens of times. He asked me how much I have gained in these years. In an instant, I felt crushed and had nothing to say.
He said that his annual rate of return of 80% is the goal, an average of 6% per month is enough, sometimes you can eat a few points casually without leverage, he asked me, you can do more than 100% of the yield with leverage a lot of times a month, if you reduce the risk of a hundred times only a few points, just like he said 6%, is it difficult for you to be a master?
I feel that if I really use technology for T, only using one times, playing with spot seems really excessive for me at 6%, but the fact is right in front of me, he averages 6% per month while I can achieve 100%-500% of my account balance in a month.
What else can it explain besides one's own greed?
So, I plan to save enough five thousand U back in October and want to use a strategy below 2x. Therefore, I have been studying and improving over the past few months, elevating all my previous fundamentals, thinking, endurance, and restraint against greed to the highest point.
Because I like trading, I don't like losing money, I don't like the feeling of anxiety and uncertainty, and I don't want it to affect my life or my relationships with my family. So in October, I will come back and no longer use days or months as trading units, but rather use a year or even three to five years as the trading cycle.
I hope that both those who are still around and those who have just entered the crypto world can use this article to escape the sea of suffering and become the rare few who can make money and live off trading!
June 2, 2025. (Signed by Xiao Ming)
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