"The Secrets of Traders Who Earn Tens of Millions of Dollars"

The following is my translation, provided for easier reading. I am grateful to the experts who are still willing to share sincerely.

If you want to stop losing money in the cryptocurrency space, the first thing you should do is stop day trading; it's a scam!

The article is long, but if you read it, I promise you will thank me in a few years.

I started trading in my teens.

I made a lot of money and felt like Batman; I also experienced failures that truly broke my heart, and I am still working to regain myself.

I tried every strategy that retail traders could think of.

I even day traded for a whole year, thinking that would ultimately save me, but I ended up failing miserably, and every time I think about it, it pierces my heart.

My profit and loss record was so terrible that my grandmother (whom I helped set up Bitcoin automatic purchases) made more money than I did.

Then I became a low-frequency swing trader, hardly taking positions, and after making a profit, I would exit immediately and stop trading for a while.

It was only then that my life began to improve, and everything finally started to fall into place.

I am not a saint. I write this article to save that young, foolish, naive, and impulsive version of myself.

First, as a retail day trader, you are engaging in high-frequency trading, but without any real informational advantage (not knowing the true liquidity, order book depth, not being a market maker, having no execution advantage, nothing at all).

But if you trade a few times each quarter, you can get by. Trading more than ten times a week?

Even if you have the strongest "discipline" and "risk management" skills in the world, the math will still leave you helpless.

Retail traders fail not because they (we) never win. We fail because we never stop, and high-frequency behavior has only one ultimate outcome: destruction.

This is why I set up a penalty mechanism for myself if I exceed my quarterly trading limit.

Every major failure I encountered happened after achieving significant victories because I didn't stop there; I kept pushing forward.

Every major victory I achieved (and actually kept the money for a long time) was because I caught a big market trend and then calmed down.

This pattern is so obvious that it's almost hard to accept.

Victory does not mean you suddenly made a lot of money.

Victory means keeping that money and not losing it the following year.

I saw some 14-year-olds on TikTok claiming to be day traders, drawing lines on TradingView, thinking that by buying some guru's course or Discord account, they had unlocked some daily executable trading system.

This disgusts me because if they knew it was gambling, I wouldn't care. At least they would understand the rules of the game.

But today's wave of day trading is larger than the wave of ICOs in 2016 and 2017. And we all know how that wave ended.

People underestimate the difficulty of trading while greatly overestimating their own abilities.

The problem is not just the math.

Indeed, the more you trade, the fewer times you stop trading, and the harder it becomes to maintain consistent profits.

The real issue is that young retail traders genuinely believe that as long as they have "discipline" and "risk management," it is not gambling at all. They think day trading is a "skill" that can be executed like a daily routine.

This is not just about cryptocurrency day trading. The same logic applies to U.S. stocks and almost all markets.

High-frequency trading only works within institutions.

Take U.S. stocks as an example. Do you know what institutional traders don't look at? Candlestick charts and TradingView. They use Bloomberg terminals to access data that retail traders will never see.

Of course, you probably know this. But teenagers aged 14 to 18 do not. They think the indicators they use are the same ones all traders are using.

This is the real danger. If you know you are gambling, at least deep down, you will know when to cut your losses.

But once you think this is a "system," you will never stop.

You keep clicking until the market completely wipes you out.

It's like a disguised casino.

When you walk into Las Vegas or Macau, you are very clear about what you are facing. You see the lights, the tables, the dealers, and the noise. Your brain knows this is gambling.

But today's day trading is like a casino disguised as a coffee shop.

New traders think they are here to "learn skills," not realizing they are just sitting at a table designed to slowly drain their energy.

So they won't stop.

This is the whole tragedy.

It's not about winning or losing.

They genuinely believe they are not gambling, which is why they keep betting until they lose everything.

And those retail investors like me, you see them looking like they "made money"… to be honest, most of them just caught a big trend.

They got lucky, hit a good timing, and their previous failures gave them enough discipline to eventually learn to stop after a win.

Even so, this small group accounts for less than one percent of the total retail volume.

Making money in trading is not hard.

Maintaining it is really difficult.

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