Last year, I knew a trader whose account dropped from 100,000 to 5,000.

I've seen too many stories like this in the circle.

His common problem was the same as most people—frequently opening positions, leaving no room for retreat; transaction fees like invisible leeches slowly draining the principal; market fluctuations causing his mindset to collapse; every all-in attempt shouting "I can stop," only to be taught a lesson by the market, always by himself.

He also played with small coins quite a bit. Seeing others share profit screenshots, he would go all-in, only to wake up the next day with his account left with a few hundred dollars. During that period, he was watching the charts at 3 a.m., chain-smoking, eyes glued to the price movements, finally asking himself, "Am I being fed like that leek being cultivated?"

When he came to me, I didn't give him any grand principles, just told him to focus on three things:

**First: Target high-confidence market movements.**
Don’t get obsessed with minute fluctuations, don’t be led by every jump in the K-line.
Only look at four-hour and longer cycles; enter only when there's a breakout, stay put when there's no signal.
Missing an opportunity isn’t a big deal; reckless trading is the real killer.

**Second: Position sizing and adding to positions should rely on rules, not intuition.**
The first trade should not exceed 10% of total funds; only consider adding after making a profit.
When reaching your expected profit, take half off immediately, and protect the remaining with a trailing stop.
Cut losses at 5%. Better to bite the bullet and take a small loss than to drag it out and turn a small loss into a big pit.

**Third: Treat stop-loss as your lifeline; stop when things don’t look right.**
After two consecutive losses, close the software and give yourself time to cool down.
Review your trades daily, analyze your problems—know how you lost, and have a clear mind about your gains.

He followed these steps, and his account started to improve.

Later, he asked me, "Why didn’t anyone tell me these things before?"

I told him, "Because too many people would rather be led by the market than admit they’re gambling."

Want to turn around in the crypto world? Learn to survive first.
Don’t wait until your account hits zero and then regret.
Start with learning to cut losses, stabilize your rhythm, get your mindset right, and then talk about making money.

Open your trading records—
Do you have the courage to face every loss?

The opportunities are there, but the traps are even more numerous. Truly profitable traders are few. The key is to treat trading as a system to refine, not rely on luck and impulsiveness.