[Fan Submission] From despairing 4300U to seven figures: fighting back while sitting on a rented toilet

That was on a late night three years ago, and I still remember that suffocating silence.

I curled up in that rented room costing a few hundred yuan a month, with the toilet lid as my only desk. The glow from my phone screen lit up my face, revealing a face worn out from staying up late for so long. At that time, I only had a final 4300U left in my account.

That was my last stronghold, and also my entire life savings. If I got liquidated, I would have to roll up my bedding and go back to my hometown, facing the pointed fingers of relatives and neighbors; if I won, my life would change.

When I decided to put all 4300U as margin and go all-in on the $SUI contract, my hand trembled so much I couldn’t even press the screen accurately. That fear wasn’t about losing money, but about losing the last spark of “comeback” hope. After clicking “Confirm Open Position,” I turned off my phone and sat in the dark for a full hour, sweating coldly, my heartbeat pounding like drums.

Life and Death on Leverage: The Baptism of Wealth Fluctuations

Many people only see the ending of the story later, but they don’t know the kind of “inhuman” torment in the middle.

Contracts are different from spot trading; they are bloody battles. When $SUI started to launch, and the account balance jumped from 50k, 200k to 1 million, I was both exhilarated and twisted. That arrogance of “I’m finally going to get rich” made me want to increase leverage to chase after those wildly jumping small coins several times.

The hardest part was needle-like drawdowns. Several times, the price was just a hair away from liquidation, watching hundreds of thousands of dollars in floating profit shrink by half within minutes. That feeling was like someone holding a knife and slicing my flesh alive, my stomach spasming from tension.

Countless times I thought, “Maybe I should close the position first and lock in the profit,” but every time that cowardice arose, I would remember what the blogger often said: “Contracts are a realization of cognition, not a gambler’s carnival. If you can’t keep discipline, you can’t keep your wealth.”

I forced myself not to watch every second’s fluctuation, pushing myself to endure the big trend. Until that cycle finally exploded, and the account balance ultimately soared to seven figures. Seeing that string of zeros, I didn’t feel ecstatic, but instead ran to a street stall to eat a bowl of instant noodles with two eggs, tears uncontrollably falling into the bowl.

Sticking to These Four Iron Rules, Contracts Can Also Survive

Later, I shared this experience with the blogger, who also sighed that in the contract market, those who survive have a set of “dead rules.” I also guided a few old brothers to follow these four iron rules. You don’t need to be very smart, just follow them:

1. Follow the Money: Trade with the trend
   The contract market doesn’t care about sentiment, only about long and short battles. I scan the capital flow every day without fail; only the top gainers and highest volume assets in the past 10 days go into my watchlist. Conversely, I avoid those that keep falling without pause, no matter how good the story sounds. Follow the big players, don’t fight the trend.

2. Discipline is King: Don’t open large positions without a monthly MACD bullish crossover
   Many people die from frequent high-leverage trading. My rule is: if the monthly MACD hasn’t crossed bullish, even if I’m itching to trade, I only take small positions to test. Once the bullish crossover appears and the first retest confirms support, that’s the real harvesting point. Holding cash is for the next perfect entry.

3. Strict Entry Rules: Only trade near the 60-day moving average
   The biggest fear in contract trading is chasing rallies and selling dips. I only do one move in my life: wait for the price to retouch the 60-day moving average, and only open a position if accompanied by a volume-increasing bullish candle or a long lower shadow confirming support. Without confirmation, even if it skyrockets, I watch. Contracts earn patience money.

4. Guard the Critical Line: The 60-day moving average is the last defense
   After entering, take profit when floating gains reach 30%—close one-third to lock in profits; at 50%, close another third to ensure the trade doesn’t lose money. The remaining position, if the daily closing price falls below the 60-day moving average, regardless of how much profit you have, close instantly.

Final Words

The monthly chart sets the direction, deciding whether you can enjoy the big gains; the daily chart saves your life, deciding whether you can survive tonight in the contract market.

This method isn’t exciting at all, even boring enough to make you want to doze off. But after years, I’ve seen too many “short-term geniuses” who claim to be smart suddenly wipe out, while I, a “fool” sticking to these dead rules, still see my account grow.

If you’re also on the edge of the abyss like I once was, why not calm down and pay attention to the blogger’s market strategies? You don’t need much talent, just the determination to follow through. Keep up with the rhythm, and leave the rest to the trend.