#美国非农就业数据表现强劲 From 3 million to 600,000 that night, I finally understood three things

Leverage is a knife, altcoins are fireworks, and stop-loss is the last bottom line

During the phase in Shenzhen's Baishi Zhou in 2018, I turned 300,000 yuan into 3 million through sheer effort. At that time, I truly thought the dream was within reach. But three Christmas candles directly brought me back to reality—lost all 600,000. In three days, from peak to trough. At that moment, I realized that the saying "persist a little more and you'll break even" is the most gentle trap.

**Lesson One: Leverage is not wings, but a dagger**

Using 20x leverage to long ETH, earning 400,000 in a single day. Before I even warmed up, on May 19, I was liquidated in two hours, losing 600,000. My heartbeat was faster than the fluctuations on the candlestick chart.

Since then, I set a strict rule: leverage no more than 3x, and no single coin position exceeding 5% of the account. That thrill of risking it all on the edge of a knife, let movie actors experience it.

**Lesson Two: Altcoins are like fireworks**

Once chased a project called "Domestic Ethereum," from 250,000 to 1.5 million. Hesitated to sell, and in the end, it completely zeroed out. A bloody lesson.

Now my holding strategy is simple: 85% of the main wallet is in BTC and ETH, the remaining 15% is like playing the lottery—surprise if it rises, no big deal if it falls. After all, fireworks are meant to be fleeting, no need to treat them as family heirlooms.

**Lesson Three: Stop-loss is not optional, but mandatory**

Set a hard stop-loss on every trade. Cut at the right level, without emotion.

Ask yourself a useful question: if all this money is gone, can you still calmly enjoy hotpot? If not, don’t hold on, put on this "bottom line" first.

Five years have passed, and I haven't experienced that nightmare of a vertical plunge again. The curve still fluctuates, but it’s never truly broken. Only those who are alive have the chance to see the next round.

Most people are not lacking action, but a lamp to illuminate the way forward.