#美联储回购协议计划 The crash at 4 a.m.

My buddy from Hainan called with a voice message, his voice was broken: "Li Zi, I only have 2,800 yuan left out of 100,000. Looking at the K-line, I’m trembling."

I didn’t analyze the market with him.

I just said: "Your skills aren’t bad, it’s just your mentality that’s blown up. To survive and get out of this situation, first clear your mind."

He didn’t say a word.

My plan for him was this—divide that 2,800 yuan into three parts.

1,000 yuan for intraday ultra-short-term: make only one safest trade per day, take a 3% profit and then immediately exit.

1,000 yuan for swing trading: buy mainstream coins, then forget about it, don’t check for half a month, just ride the big trend.

The remaining 800 yuan: put into a cold wallet and lock it away. That’s your lifeline.

He said: "Can you really split this money?"

I replied: "The dead have no future. You need to stay alive and cling to the table first."

The next step was even more ruthless—I told him to delete all his market apps. He can only check the market twice a day.

Why? Because this market spends 80% of its time wandering aimlessly. The more you look, the more you want to trade, and as soon as you act, you immediately lose.

Learn this logic: pretend you’re dead during sideways trading, and when the real wind comes, you come back to life.

Only act on swing trades when a confirmed breakout occurs.

When you make a 20% profit, take out 30% of the profit to your wallet—only money that’s in your pocket is real money.

And here comes the most crucial trick.

Before each trade, I told him to write down three ironclad rules on paper:

1. Cut losses immediately if they exceed 2%, without hesitation;

2. Take half profits when reaching 4%, lock in gains;

3. Never do these: add to losing positions, hold on to bad trades, or get emotional.

He later told me that once, ETH’s rapid movement almost made him hold on, but when he turned and saw that paper, he gritted his teeth and cut the position.

Five minutes after he cut, the market plummeted. He broke out in cold sweat, but for the first time, he understood—rules saved his life.

In three months, 2,800 yuan turned into 130,000.

Not a single liquidation.

Last week, he told me over drinks: "The lost money is finally back, but that’s not the most important thing."

"Then what is?"

"Finally, I’ve become a cold, robotic trader. Emotions can no longer kill me."

Opportunities in crypto are always there, but they only favor those who are alive.

The threshold to stay alive is actually very low—use rules to lock down your hands, replace your fantasies with execution plans.

If you’re still losing money, don’t just focus on technical indicators.

Ask yourself these questions: Is your position diversified? Are you controlling your hands? Have you written down that record of discipline?

Discipline is boring as hell, but discipline can keep you alive until dawn.

Only by staying alive can you wait for the wind to turn.

The bull market frenzy is for the crazy, but the prerequisite is—you must still be alive.