In April 2022, during that wave of the market, I used 25,000 yuan as principal to short LUNA at $98. Overnight, my account skyrocketed to 750,000. I was sitting in front of the screen, palms sweaty—thinking I was finally turning my luck around.



And what happened? Greed is like a timed bomb buried deep inside. I didn't take profit as planned; instead, I got impulsive and decided to go all-in for the bottom. When that "LUNA zeroed out" push notification popped up, my phone slipped from my hand, and I was too exhausted to even curse.

My account went from 750,000 to a small fraction. That feeling, I really can't describe. But I didn't give up. I dug out a gold bracelet I bought with a year's salary and sold it for 18,000, deciding to start over. This time, it was different—I abandoned the fantasy of "getting rich overnight" and began to follow disciplined trading.

**Building Positions Must Pass "Four Barriers"**

Since then, I no longer trade based on feelings. Before moving funds, I check four things: weekly trend, volume signals, on-chain fund movements, and main force holdings. It sounds dull, but this dullness has saved me many times.

When TRB was sideways around $12, I spent three days going through these four barriers. No anomalies, the funds were clean, so I entered with a small position. During that market wave, many got caught by false breakouts, but I avoided it.

The essence of trading isn't about guessing what the market will do in the next second, but understanding through the logic of accumulation and release. Short-term rises and falls are noise; real opportunities are hidden in the data.

**Review and Don't Panic Sell During Losses**

TRB later fell 28%. That was tough, but I didn't panic and sell off. Every evening after work, I studied until dawn, drawing candlestick charts by hand on my notebook, calluses forming on my fingers.

I found that the main force didn't completely withdraw, and the weekly support was still holding. What does this mean? It means this isn't a deadly plunge but a shakeout. Once I confirmed this, I even added to my position gradually during the decline.

Later, when TRB rebounded, this trade gave me nearly 3 times the maximum profit. But the key isn't how much I earned, but that I learned to think during panic, instead of running with the panic.

**Profit-taking Shouldn't Be Arbitrary Like Stop-loss**

This last point is also very important: many people set strict stop-losses but become vague at take-profit levels. That logic is backwards.

My approach is: when making money, take profits in stages—lock in part of the gains first, let the rest run. This way, I avoid repeating disasters driven by greed, and I keep the opportunity to catch big moves. That’s exactly how I handled the TRB trade—stayed steady during a 28% dip, then exited in three stages during the rebound, each target set in advance.

From zeroing out at 750,000 to gradually restoring my account to five figures, this process wasn't filled with dramatic stories but with daily dull checks and discipline. But it's this dullness that made me a true trader.

Greed is indeed a trap; discipline is armor.
LUNA-0,81%
TRB1,97%
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
  • 7
  • Repost
  • Share
Comment
0/400
governance_lurkervip
· 12-27 06:51
750,000 to zero, this mindset is incredible... I'm just afraid I might end up like that someday --- Honestly, it's still about discipline, but executing it is really damn hard --- I was also involved in that wave of LUNA, felt that kind of despair, so now I have a lot of resonance with these stories --- The part about selling gold bracelets really hit home, so true --- The problem is most people know these principles but just can't do them --- Drawing candlestick charts by hand sounds very professional, unlike me who relies solely on intuition --- Learning to exit in batches is definitely something to master; I used to just take profits and run --- From greed to discipline, how long does it take to walk that crooked path? --- The TRB example is quite convincing; it's really hard to distinguish between a shakeout and a decline --- That last sentence "Discipline is the armor" sounds very philosophical, but does it really work?
View OriginalReply0
OfflineNewbievip
· 12-27 06:50
Oh no, this story is so heartbreaking. Losing 750,000 in one night really makes me feel for you. I was also in on that LUNA wave, but I didn't have your courage; I sold early, so I didn't get to experience that kind of despair. Selling gold bracelets again is really ruthless, but I also have to admit that the disciplined trading afterward sounds much more reliable. I laughed at the hand-drawn candlestick chart part; you truly paid a heavy price with blood and tears for that lesson.
View OriginalReply0
FromMinerToFarmervip
· 12-27 06:50
I haven't experienced going from 750,000 to zero, but these "four hurdles" are indeed top-notch, much more reliable than those reckless shout-trading schemes.
View OriginalReply0
ForkItAllvip
· 12-27 06:49
The moment 750,000 drops to zero is truly despairing. How much courage does it take to sell gold bracelets and start over? Drawing candlestick charts by hand has worn out calluses—that's what a trader should look like. Greed can really ruin a person; discipline is the only salvation. This recent reiteration was very sincere, but what I’m most curious about is how much the account has recovered now. The four-steps inspection method sounds boring, but hearing you say it, it seems to make sense. Many people are strict with stop loss but vague on take profit, and the contrast is huge. Talking about TRB’s 3x gains feels easy, but how many late nights did it take behind the scenes? Gradual take profit is definitely more reliable than clearing everything at once, leaving room for imagination.
View OriginalReply0
CryptoCrazyGFvip
· 12-27 06:48
Oh sister, this is exactly like my earlier version. I really wanted to smash the screen when the 750,000 instantly went to zero. I cried during the hand-drawn candlestick chart part. That's just how our trading fate is. The trick of taking profits in batches is brilliant. I'm doing the same now, and I will never go all-in at once again.
View OriginalReply0
MEVictimvip
· 12-27 06:42
Really, I was also watching Luna during that wave. When I saw others soar from 25K to 750K, I knew something was about to go wrong. Greed is truly a poison. The most brutal wake-up from the overnight wealth dream was when I sold my gold bracelet and started over—that was truly intense. This is what trading should look like. Discipline is boring, but only through boredom can you survive and come out ahead, isn’t it? Weekly trend, capital flow, hand-drawn candlesticks... Bro, this is real trading, not gambling. A 28% drop and still dare to add in batches? I hit the pause button back then. Learned my lesson. The trick of taking partial profits in batches is absolutely smart—much wiser than fighting against the market to the death. It preserves the opportunity to catch a big trend without greed.
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)