Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

Turning 7k into a million? Sounds pretty fantastical, but this has been my real experience over the past few years.



At the beginning, I was really poor, with only seven thousand yuan in hand, which I exchanged for 1000U to get started. However, I didn't dare to go all in; I first withdrew 200U as tuition and only chose the hottest assets of the day. If I saw a doubling trend? I would run. If I lost over 50U? I would also run. It's that simple and straightforward.

To be honest, the greatest test for a person is not finding projects but managing that restless heart. Every time my account grows to over a thousand dollars, I force myself to stop, taking a day off to let my mind cool down. Using this clumsy method, my principal has gradually fattened up.

When I have more funds available, I will start playing with combinations: 30% of the capital will be used for short-term trading, entering and exiting quickly, withdrawing profits without hesitation; 40% will be for dollar-cost averaging, regardless of emotions, only following the trend; the remaining 30% will be specifically reserved for waiting for big opportunities.

No matter what strategy I use, I will mark my take-profit and stop-loss levels in advance. Orders that are not planned will eventually be led astray by emotions. Leveraged contracts are not a money printer; they only amplify your judgment tenfold—when you're right, it's great, but when you're wrong, the losses are even worse.

I have survived on this journey by adhering to four strict rules: never go all in, always set a stop loss for every trade, open at most three trades a day, and immediately withdraw a portion of the profits.

I have seen too many people make a fortune by luck, only to eventually lose it all back due to greed. I was able to climb from 1000U to a million, not because my skills are so advanced, but because I dared to say no to the market and even more so to my own desires.

Bet less on luck, adhere more to the rules, and even with small capital, you can still achieve success.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 8
  • Repost
  • Share
Comment
0/400
ChainComedianvip
· 11-30 14:48
Bro, this self-discipline is really amazing. I just failed at the step of "stopping to calm down for a day," always thinking about buying the dip... It seems simple to just look at the rules, but when it comes to execution, I forget everything when my emotions come up.
View OriginalReply0
CryptoMomvip
· 11-30 04:00
You are right, mindset is indeed crucial. I lost because of my greed, going all in cost me two months of profits.
View OriginalReply0
GateUser-3824aa38vip
· 11-29 14:03
You're right, the ones who really make money are never those who chase trends, but those who stick to their discipline. I think the same way; if you can't get past the hurdle of stop loss and take profit, no matter how much capital you have, it's all in vain.
View OriginalReply0
OnChainSleuthvip
· 11-27 15:52
Well... not a Full Position, stop loss, and withdrawing coins is indeed the basic foundation for survival, but the probability of turning 7k into a million really requires some luck.
View OriginalReply0
LiquiditySurfervip
· 11-27 15:51
Not having a full position is really amazing, I've seen too many people go all in and lose everything... What this guy is actually saying is just one thing, discipline is more valuable than skill.
View OriginalReply0
EternalMinervip
· 11-27 15:45
It's easy to say nice things, but the key is to survive; otherwise, you'll just be a negative example for others.
View OriginalReply0
MysteryBoxAddictvip
· 11-27 15:40
You are absolutely right, but execution is crucial. I have seen too many people understand these principles, yet still go all in...
View OriginalReply0
AirdropHunter420vip
· 11-27 15:33
This is the truth, not those bragging false narratives. The rules are the lifeline; without rules, I would have been Get Liquidated long ago.
View OriginalReply0
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)