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

*The following is my translation, provided for easier reading. Grateful to those experts who are still willing to share sincerely.*

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

This article is long, but if you read it, I guarantee you'll thank me years from now.

I started trading when I was a teenager.

I've made a lot of money and felt like Batman; I've also experienced real heartbreak and am still working to rebuild myself after some crushing failures.

I've tried every strategy a retail trader could think of.

I even spent an entire year day trading, thinking it would finally save me, but in the end, I failed miserably. Every time I think about it, it pains me deeply.

My P&L was so terrible that even my grandma (I set up automatic Bitcoin purchases for her) made more money than I did.

Then I became a low-frequency swing trader, barely touching positions, exiting immediately after profits, and taking breaks from trading.

Only then did my life start to get better, and things finally began to fall into place.

I'm no saint. I'm writing this to save the young, foolish, naïve, and painfully impulsive version of myself.

First off, as a retail day trader, you're doing high-frequency trading but with no real informational edge (you don't know real liquidity, order books, you're not a market maker, have no execution edge, nothing).

But if you trade only a few times per quarter, you can survive. Trading more than 10 times a week?
Even with the world's best "discipline" and "risk management," the math will still beat you.

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

> That's why I set up a penalty mechanism for myself if I exceed my quarterly trading limit.

Every major failure I've had happened after a big win, because instead of stopping, I kept going.

> Every major win I've had (and actually held onto the money for a long time) was because I caught a big market move and then cooled off.

The pattern is so obvious, it's almost unbearable.

Winning isn't suddenly making a lot of money.
Winning is keeping that money, instead of losing it all next year.

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

It makes me sick, because if they knew it was gambling, I wouldn't care. At least they'd know the rules of the game.

But today's day trading wave is even bigger than the dropshipping craze of 2016 and 2017. And we all know how that ended.

People underestimate how hard trading is, and wildly overestimate their own abilities.

The issue isn't just math.
Sure, the more you trade, the less you stop trading, the harder it is to stay profitable.

The real problem is that young retail traders truly believe that with just "discipline" and "risk management," it's not gambling at all. They think day trading is a "skill" that can be executed like a daily routine.

This isn't just about crypto day trading. The same logic applies to US stocks and almost every market.

High-frequency trading only works inside institutions.

Take US stocks, for example. Do you know what institutional traders never look at? Candlestick charts and TradingView. They use Bloomberg terminals to access data retail traders will never see.

Of course, you probably know this. But 14- to 18-year-olds don't. They think the indicators they're using are what all traders use.

That's the real danger. If you know you're gambling, at least deep down you'll know when to cut your losses.
But as soon as you think it's a "system," you'll never stop.
You keep clicking until the market wipes you out.

It's basically a disguised casino.

When you walk into Las Vegas or Macau, you know exactly what you're facing. You see the lights, the tables, the dealers, and the noise. Your brain knows it's gambling.

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

New traders think they're there to "learn a skill," not realizing they're just sitting at a table designed to slowly drain their energy.

So they never stop.
That's the whole tragedy.
It's not about winning or losing.

They truly believe they're not gambling, so they keep playing until they lose everything.

And those retail traders who look like they've "made money"—honestly, most of them just caught a big move.

They got lucky, timed it right, and their previous failures taught them just enough discipline to finally stop after a win.

Even so, this tiny group is less than 1% of all retail traders.

Making money trading isn't hard.
Keeping it is really, really hard.

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