I also encountered a black swan like 519 in 2021. Spot assets shrank dramatically, all contract positions were liquidated, the mine stopped working, and the mining machine I invested in earlier was defrauded in Kazakhstan and was directly fined by the government. Not only that, I had to repay the loan every month (which was a huge sum of money for me at the time).

During the epidemic in 2021, my ex-boyfriend, who I had been dating for a year, faced a capital chain break in his company. He was in the catering business. Everyone knows how big a blow the real economy was during that period, and many people still haven't recovered.

I went all in on the cryptocurrency industry in 2020. I was very lucky at the beginning. Following the bull market in 2020 and 2021, I speculated in cryptocurrencies and mined them. My assets increased from one, two, three, to more than ten times, achieving a leap in my assets.

Before the pandemic, my relationship with this guy was very sweet. We had met each other's parents and were talking about marriage. After the pandemic, his company's funding chain broke down, so naturally I chose to help him.

So in the first half of 2021, I mortgaged my car and house and cashed out a large sum of money to save him and his business.

But this epidemic lasted longer than anyone imagined. His business did not survive because of my money. The old store was either closed or out of business. The renovation of the new store was completely stopped. The deposit and renovation costs paid earlier could not be recovered. The old store could not operate normally, but the employees' salaries were paid. This protracted epidemic plunged him into the darkest moment of his life.

So he came to me and told me that he was no longer able to repay the money I had helped him fill.

Before 519, I was able to earn positive cash flow every day through my own trading and mining. At that time, for the sake of the people I loved, I began to repay these loans myself.

But things changed completely on May 19.

The long positions were liquidated and the spot assets were halved. The mining farm was shut down and had to be relocated. The spot assets in the account plummeted. All the long contract assets were liquidated.

And the day after 520 and 519, I found traces of other girls in his phone...

When I was a child, I read romance novels and watched TV dramas, and the protagonists always said that they were heartbroken. Before that, I didn’t know that the heart could react like this due to being injured.
And the moment I raised his phone, my heart literally skipped a beat and I felt so heartbroken.

At this time, I was in danger and disaster, with internal and external troubles, contract liquidation, huge shrinkage of spot assets, mine shutdown, and my boyfriend cheating on me. I also had to pay a huge loan from the bank every month.

And now I'm alive and I'm in this market.

These unbearable past and the experience of losing money made me grow up quickly...

I want to talk about what I did after 519 and how I lived on the water again?
And what did I learn from it?
How do I survive in this market?

After the 519 crash, the short sellers came one after another. The funds in the market began to short sell, and the long and short fund rates were seriously tilted. I exchanged the remaining spot funds for BTC and ETH, and opened long BTC and ETH in 2x coin-based contracts (I was really timid at the time and only dared to open twice), and invested part of the funds in Tesla, BYD and CATL (the whole theme of 21 years was new energy vehicles, so I also invested part of the funds in new energy stocks at that time.)

I was lucky at the end of 2021. I had already broken up, but every time I made monthly repayments, I would think of this person. I really didn't want to repay the loan every month, so I chose to pay it off in one go. At the end of the year, I cleared all my stock accounts and successfully escaped the top.

In the end, I made more than 100% profit from Tesla, BYD, and Ningde, and less than 4 months later, Bitcoin reached a new high again.

The bulls started to exert their strength and the funding rate tended towards the bulls again. I had to pay high funding rates every day, so I chose to close all my positions around USD 65,000.

Finally I got back on the water and accumulated some capital.

In this relationship experience, I learned that no matter whether it is a relationship or a position, you must learn to stop loss or cut losses.
Sunk costs are indeed large, but if you keep clinging to the sunk costs of the past, you will also lose entire forests and entire oceans.
This applies to both people and positions. The market has fallen in the past two days, but there are still very resistant assets in the market (such as TON). After 519, it took Bitcoin 4 months to reach a new high again. At this time, I think you can adjust your position appropriately.

And we must be the first. The market itself is a game of long and short positions. Most people are not rational in trading. Most people trade out of interest and only chase the rise and sell the fall. So in the process of falling, we must calm down and think and constantly optimize our asset portfolio, and even use leveraged small positions to try to hedge.

I don’t think this round of crypto bull market has ended. 519 Bitcoin returned to its high point after 4 months and even broke through the previous high. This circle is dangerous and fascinating, and everything is 5 times faster (the volatility of the cryptocurrency circle is 5 times that of the US stock market)

You also need to clarify your direction. How much profit do you want to make in this circle? With this point of view clear, we will work hard to review the practice and re-plan the position allocation.

Sun Tzu's Art of War talks about the principles of heaven and earth. In trading, this is your trading principle. This principle refers to how much money you want to make. How many times do you want to make? If you are not clear about the principle, then all the things that follow will not be able to achieve your principle.

Only when you yourself are clear about your investment returns and expectations, then the right time (market trends), right place (good teachers) and methods (good trading theories, take-profit and stop-loss) can better assist you in achieving this goal.

Now that you have expectations and a way, you need to put it into practice. I believe that the funds that everyone enters the circle are limited, not unlimited. So during the decline, you need to observe and think about which high-quality assets are worth continuing to hold.

Don’t fall in love with altcoins, and don’t fight to the bitter end. The same applies to love. If the other party disappoints you, then this person may not be a good person. Sometimes choosing to cut losses and change positions to stop losses is responsible for you and your positions.

As you can see from the increase from the end of 2003 to 2004, many tokens in the previous round could not return to their previous highs, but Bitcoin did, BNB did, SOL almost did, and TON, an emerging asset in this round, also stood firm in the following process. The long-short funding rate is even as high as 40%, so these are all high-quality assets that we can see with our naked eyes.

Now speaking of investment targets, there are indeed many high-quality assets in the market. Looking back at my previous operations of bottom-fishing in new energy, I think it will not be possible this time.

The A-share market is very bleak and not suitable for investment. New energy is no longer the main theme this year.

I mentioned it in a previous article. The so-called sector rotation, then this round of new trends and new directions have other sectors.

People often ask me what I think about doge in my comments. I think you really shouldn't fight any more. You can really consider letting go of the assets that have held you back for 1-3 years. Your first love may always be the white moonlight in your heart, but now she is married and even has two children. Let it go.

Tao means to clarify your goal, and heaven means the market environment and the right time. As retail investors, we have no way to change the market trend. The last generals and methods are also very important because they are all practical details. Do you have a good teacher? Do you have a beacon? Even a reverse direction is fine! This person must be able to lead you to grow or enlighten your trading ideas.

And the method is the methodology of trading. Strictly implement stop-profit and stop-loss. Strictly control the position, stop loss within the controllable range, and make more money within the uncontrollable range.

Finally, I want to say one thing: don’t look at your partner’s phone.