A trader used the $RIVER token to record a thrilling journey of their account.



Starting at 105u, after a series of ups and downs, it finally dropped to 15u, and the entire process was like riding a roller coaster. He recalls the initial fatal trade — shorting $RIVER at the top, waking up to a floating profit of 35u, with a 10u core position tripling in size. It should have been a perfect victory. But greed took over, and he started fantasizing that the market would keep falling, believing he was the one who timed it right. What happened next? After consolidation, $RIVER hit a new high, and the floating profit instantly turned into a loss.

The most fatal mistake occurred at this point — continuously adding to the position, trying to rescue the falling price with an average cost strategy. Fees were silently eating into his profits, but he didn’t notice. Eventually, near the liquidation line, he couldn’t hold on and was forced to cut losses, losing 35u. Ironically, after he exited, the market reversed below the liquidation line. Upon review, he found that just the trading fees had eaten up 18u of profit. Even if he had recovered to a floating profit of 35u, that small amount wouldn’t even cover the fee trap.

Then came a period of self-destructive behavior. Randomly choosing new coins with 5u, using 10x leverage, and shorting at every high. Taking profits at 100%, trying to turn things around with this snowball approach. Miraculously, his balance actually reached 30u.

At this point, he realized something. Every time he opened a position, he would set a 100% stop-loss to prevent falling into a bottomless pit. Take profit at 200%, and if there was no clear trend after a 100% profit, he would manually close the position. He understood a cruel truth: gambling can win countless times, but just one loss can wipe everything out. The tolerance for small funds is almost zero; the only way to survive is to accumulate little by little, slowly building wealth through stable small profits.

A trader who survived a 90% drawdown ultimately learned not how to make big money, but how to stay alive and walk out of the exchange.
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
staking_grampsvip
· 9h ago
Damn, this is me. The part from 105 to 15 really gave me a heart attack. Greed harms people deeply.
View OriginalReply0
LiquidatedThricevip
· 9h ago
Greed really is the executioner of trading accounts. Look at this guy dropping from 105 straight down to 15; the fact that the fee ate up 18U is the most heartbreaking part. In serious trading, 99% of people die because they’re unwilling to cut losses. They insist on holding on with the average cost method to save the market, only to be crushed by the liquidation line and rubbed into the ground. I understand the operation of giving up on oneself and casually finding a new coin with 10x leverage—I’ve done it too. But not many can turn around from 30U. This guy later realized that a stop loss of 100 and a take profit of 200 is actually the way to survive. Small funds are just like this; you can’t blame yourself. Once it’s gone, it’s all gone.
View OriginalReply0
MidnightTradervip
· 9h ago
This guy is just too greedy. He made a profit of 35u and still wanted the moon, but in the end, he lost everything. Fees are really the killer. At the moment of cutting losses, he must have been desperate, but later he learned to stop loss and take profit, which actually kept him alive. That’s true enlightenment. Playing with small funds requires stability. Make a few points and then exit. Don’t think about turning it around in one shot—that’s gambling. Surviving a 90% drawdown requires a strong mental attitude. If it were me, I would have gone bankrupt and given up long ago.
View OriginalReply0
JustHereForMemesvip
· 9h ago
105 to 15, I really can't hold it anymore haha, the hidden killer of fees always strikes unexpectedly This guy finally realized, with small funds you have to live by discipline, losing once and earning back more doesn't help at all
View OriginalReply0
CryptoCrazyGFvip
· 9h ago
Really, after reading this story, I was reminded of my own blood and tears lessons... Fees are like silent butchers, cutting into your profits without you noticing. I've also tried adding positions to rescue the market, but the result was losing more and more. Now I see that my stop-losses are set very tightly. The most heartbreaking part is the reversal after he exited. Such things are too common in trading, almost feeling like being mocked by the market. Fortunately, this guy finally figured it out. Small, stable accumulation is truly the only way out. Betting everything and losing it all is a lesson that runs too deep.
View OriginalReply0
CascadingDipBuyervip
· 9h ago
Oh no, it's the same story again... Pricing is the real killer; so many people have been lost because of it, and they haven't even realized it.
View OriginalReply0
SellLowExpertvip
· 9h ago
Damn, this fee costs 18u. I knew leverage trading was the most dangerous because of this thing. Waking up to see unrealized gains turn into losses and break the defense—greed really is the number one killer for traders. Falling from 105 to 15 is a real roller coaster; how strong must this guy's mentality be? To come out alive after that shows as long as you don't bet 100x, there's still hope. A 90% drawdown and still turning things around—that's a tough person, much smarter than most. Fees are the real hidden killer; clearly making money but ending up bankrupt—ridiculous. I believe this story completely; it's so realistic. If it were me, I would have been gone long ago.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • بالعربية
  • Português (Brasil)
  • 简体中文
  • English
  • Español
  • Français (Afrique)
  • Bahasa Indonesia
  • 日本語
  • Português (Portugal)
  • Русский
  • 繁體中文
  • Українська
  • Tiếng Việt