From liquidation to turnaround, I took three years


Sharing my own story, something I’ve never mentioned to you before.
In 2019, I just entered the crypto world, like most brothers, I knew nothing, feeling envious when seeing others’ profit posts, and secretly opened a long position with 20x leverage.
At that time, Bitcoin was just over ten thousand, I invested 20k USDT, thinking: if it rises 10%, I double my money, feeling great.
What happened then? On the third day, a sudden drop hit, and I got liquidated.
20k USDT, gone in less than a week.
That night, I sat in front of my computer, smoking half a pack, with only one thought in my mind: I’m not suited for this market.
But I didn’t give up. I spent three months reading all the available candlestick data, trading psychology, and position management books.
I studied while testing with small amounts, 50 USDT, 100 USDT per trade, losing and learning from losses, winning and staying humble.
During the DeFi summer of 2020, I caught the wave.
From 5,000 USDT to 30k USDT.
But when you get carried away, trouble follows. I heavily overleveraged on UNI, chasing high without setting stop-losses, and within one night, I lost 40%.
30k turned into 18,000.
After that, I set three strict rules for myself, which I’ve followed ever since:
First, never lose more than 3% of the total account on a single trade.
No matter how optimistic I am, if I hit that number, I walk away.
Second, don’t hold overnight positions. Close all trades before sleep or reduce leverage to below 0.5x.
Third, open at most two trades per day, then close the app.
Trade less, avoid overtrading.
BTC-2.19%
DEFI-2.62%
UNI-4.61%
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