From three liquidations to 20 million, I finally understood: the harshest thing in the crypto world is not losing money, but not learning a lesson.
I was born in 1993, I am 33 this year. $pippin
Now I have 20 million, but very few people know that I have experienced three liquidations, and at the worst time, I couldn't even pay my rent.
I have even slept in under bridges and have been harshly dealt with by the market.
Later, I slowly survived, not by luck, but by being forced to come up with a set of strict rules.
First, I will never go all in again.
In the early years, I put everything in, and when the bear market came, it went straight to zero. Now I never invest more than 20% in a single coin, always keeping half in cash.
Even if the market goes crazy, I have an escape route.
Second, I am more ruthless than anyone when it comes to cutting losses.
I used to fantasize about rebounds, but the more I lost, the more I lost. Now, I exit as soon as I hit my loss limit, even if it's painful, I won't drag it out.
Cutting losses is not admitting defeat, it's about survival.
Third, I have completely distanced myself from leverage.
I tried high-leverage contracts, and one spike wiped out all my savings.
After that, I understood that even if I made money ten times, I couldn't withstand one explosion.
It's slower, but I can survive.
Fourth, I no longer chase trends.
I used to chase concept coins, putting in hundreds of thousands and ended up with only a fraction.
Later, I understood that real opportunities are never shouted about in groups.
Fifth, I started to trust only myself.
I no longer listen to big influencers and do not operate emotionally.
I only look at the data, follow the rules, and remain calm regardless of gains or losses.
Over the years, I have learned one thing.
The crypto world is not about who makes money the fastest, but about who makes fewer mistakes.
You may not get rich overnight, but as long as you don’t die, opportunities are always there.
Sister Min now only does real trading and doesn't make empty promises.
If you are still losing money, it’s likely not a market issue, it’s because you don’t have a set of rules to manage yourself.