When I first met Lao Zhang, he had only been struggling in the crypto space for half a year, turning his initial 100,000 yuan into just over 1,000.
That night, he called me, his voice trembling: "I really don't know what to do anymore. I stare at the charts every day until my eyes hurt. I chase when it goes up, panic when it drops, and now just seeing a candlestick chart makes my heart race."
I could tell he was truly desperate. We met and talked for three hours, but I only told him one thing: "If you want to survive in this market, you first have to learn not to self-destruct."
After that, he completely changed.
From 2019 until now, his account grew from just over $4,000 to more than $600,000. Along the way, he experienced the May 19 crash, Luna going to zero, and the FTX collapse, but his account kept growing steadily.
Luck? There was definitely some. But more importantly, he really engraved the few things I told him into his mind.
**Only make moves when certainty is high.**
At first, he wanted to catch every hot trend, jumping in whenever he heard a coin might pump. I told him, 90% of market movements are just noise; what you need to do is wait for the 10% clear signals.
Is the trend stable? Has the trading volume picked up? Is the direction clear?
If all three are "yes," then act. Otherwise, just wait patiently.
This cut his trading frequency in half, but doubled his win rate.
**Always leave room in your position.**
Lao Zhang used to love going all in, thinking if he didn’t bet everything, he’d lose out. What happened? When he won, it wasn’t enough; when he lost, he got wiped out.
Later, I taught him to build positions in batches: test with a small amount first, add more if it goes right, cut immediately if it goes wrong. Never use more than 30% of your funds at a time; always keep the rest as backup.
“Better to miss a wave than to leave yourself with no way to come back.”
Now he says this all the time.
**Take out the money you make.**
Once the account grows to a certain level, withdraw a portion, transfer it to a cold wallet or convert it to fiat.
Lao Zhang used to love paper profits, seeing tens of thousands on his account, only to give it all back on a pullback.
I forced him to develop this habit: every time he profits more than 30%, withdraw half, no hesitation.
"Numbers on the account are just an illusion; only what’s in your hand counts."
Now he hasn’t needed to work in a long time; every month he makes a few steady trades, and his income easily surpasses most wage earners.
But what he says most often is still: “Those things you told me back then, simple and blunt as they were, really saved my life.”
The cryptocurrency market may look crazy, but its underlying logic is actually very simple:
Follow the rules, control risk, execute well; Don’t chase blindly, don’t gamble, don’t get greedy.
Stick with it for a few years, and you’ll naturally reach heights others can’t.
I’ve already walked this path. Whether you want to try it is up to you.
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CafeMinor
· 11-25 02:38
This story of Old Zhang, why do I feel like it's a bit made up? Losing 100,000 and then turning it into 600,000... how lucky do you have to be? Anyway, I've never seen such stability.
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MetaverseLandlord
· 11-23 16:52
This theory sounds good, but I'm more curious about how many people can actually put it into practice. Most people just get tempted when they see others making money.
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LiquidationTherapist
· 11-23 16:49
Really? Lost from 100,000 to 1,000 and was able to turn it back up to 600,000? That takes some serious endurance. Back then I lost 30,000 just like that, and now watching the charts gives me PTSD.
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YieldFarmRefugee
· 11-23 16:45
Hmm... sounds great, but I really didn't see how you could turn things around from losing one hundred thousand down to one thousand.
Honestly, execution is indeed key, but the problem is that most people simply can't do it.
Withdraw as soon as you make money—I agree with that. Paper profits really are just an illusion.
View OriginalReply0
IronHeadMiner
· 11-23 16:35
Damn, turning 100,000 into 1,000—that takes some serious messing up... But bouncing back to 600,000 later is definitely impressive.
When I first met Lao Zhang, he had only been struggling in the crypto space for half a year, turning his initial 100,000 yuan into just over 1,000.
That night, he called me, his voice trembling: "I really don't know what to do anymore. I stare at the charts every day until my eyes hurt. I chase when it goes up, panic when it drops, and now just seeing a candlestick chart makes my heart race."
I could tell he was truly desperate. We met and talked for three hours, but I only told him one thing: "If you want to survive in this market, you first have to learn not to self-destruct."
After that, he completely changed.
From 2019 until now, his account grew from just over $4,000 to more than $600,000. Along the way, he experienced the May 19 crash, Luna going to zero, and the FTX collapse, but his account kept growing steadily.
Luck? There was definitely some. But more importantly, he really engraved the few things I told him into his mind.
**Only make moves when certainty is high.**
At first, he wanted to catch every hot trend, jumping in whenever he heard a coin might pump. I told him, 90% of market movements are just noise; what you need to do is wait for the 10% clear signals.
Is the trend stable? Has the trading volume picked up? Is the direction clear?
If all three are "yes," then act. Otherwise, just wait patiently.
This cut his trading frequency in half, but doubled his win rate.
**Always leave room in your position.**
Lao Zhang used to love going all in, thinking if he didn’t bet everything, he’d lose out. What happened? When he won, it wasn’t enough; when he lost, he got wiped out.
Later, I taught him to build positions in batches: test with a small amount first, add more if it goes right, cut immediately if it goes wrong. Never use more than 30% of your funds at a time; always keep the rest as backup.
“Better to miss a wave than to leave yourself with no way to come back.”
Now he says this all the time.
**Take out the money you make.**
Once the account grows to a certain level, withdraw a portion, transfer it to a cold wallet or convert it to fiat.
Lao Zhang used to love paper profits, seeing tens of thousands on his account, only to give it all back on a pullback.
I forced him to develop this habit: every time he profits more than 30%, withdraw half, no hesitation.
"Numbers on the account are just an illusion; only what’s in your hand counts."
Now he hasn’t needed to work in a long time; every month he makes a few steady trades, and his income easily surpasses most wage earners.
But what he says most often is still: “Those things you told me back then, simple and blunt as they were, really saved my life.”
The cryptocurrency market may look crazy, but its underlying logic is actually very simple:
Follow the rules, control risk, execute well;
Don’t chase blindly, don’t gamble, don’t get greedy.
Stick with it for a few years, and you’ll naturally reach heights others can’t.
I’ve already walked this path. Whether you want to try it is up to you.