That afternoon, a friend sent me a message and asked right away: Is there still hope? I opened a screenshot of his account and was stunned—20,000 USDT principal, now reduced to just 5,000 USDT in remnants.

More despairing details gradually surfaced. He had gone all-in at SHIB's peak and used 10x leverage. But that’s not the whole story. He placed dozens of trades every day, staring at 1-minute K-line charts until his eyes were red, with fees gradually eating away at his principal. When the account dropped, he would add more funds, repeating like a mantra: "Wait for the rebound, it will rebound." But what happened? The rebound never came, and instead, it headed straight to zero.

The most fatal mistake was FOMO. Seeing others make hundreds of times profit on dirt-cheap coins, he impulsively went all-in. The next morning, he woke up to find his account in the current state.

I asked him if he could turn things around. My honest answer was: theoretically yes, but first, you need to learn how to survive.

Later, I only taught him three things. They sound simple, but in reality, they go against most people's instincts.

**First: Stop messing around.** Don’t watch 1-minute charts anymore, don’t chase highs or sell lows. Only act when a certain and reliable trend appears. When you don’t understand the market, stay out of the market. It’s better to miss some opportunities than to keep making reckless moves.

**Second: Only add to your position when you’re profitable.** Always keep your first trade within 10% of your account, which is 500 USDT per trade. When you gain 20%, sell half of it first, and let the remaining position use a trailing stop to let profits run.

**Third: Stop-loss is not optional.** Set a stop-loss on every trade. Cut losses at 5%. If you hit a stop-loss twice in the same day, close the software and give yourself time to cool down.

This approach isn’t pretty, and it won’t make you rich overnight. But it works. After two months, his account was back to 100,000 USDT. Although he didn’t hit a new high, he was alive again.

I want to tell those still struggling in the water: don’t rush to turn things around. First, learn how to survive. Most traders losing money aren’t unaware of the market; they just keep holding onto the idea of “holding on a little longer, I’ll break even.”

If you really want to change your situation, review your trading records carefully. Where was your stop-loss? Why did you add to your position? Did FOMO cause you to violate your principles? Review the entire process, and you’ll see exactly how you gradually lost your money.

Steady steps lead to lasting smiles.