Life Lessons Learned from Coin Trading

You’ll find this quite interesting as you read along.

First Experience: The Righteous Crusader Shorting Scam Coins

I can’t even remember what year it was, but a crypto influencer posted a takedown video about STEPN (M2E).

The gist was that STEPN is a game where you mine GMT coins by moving, early adopters had already made their money, and if you enter now you’ll be left holding the bag. He said he was going to make money by shorting this coin in the futures market – that was the content.

I was logically convinced. At that time, testimonials were flooding in about how burning a few million won in initial investment could earn you multiple times that in just a day, and everyone was investing, but the investment recovery structure looked extremely unstable to me.

Intoxicated by the cause of taking down a pyramid scheme (scam) and the dopamine rush of turning that into profit, I excitedly made a few million won just from shorts.

But the problem was that this idea-based investment didn’t continue, and I started shorting any altcoin that seemed to be doing well.

The outcome, as you might predict, was losing about 4 million won in total. You might think “meh,” but at the time it was more than half of my entire savings.

Turning Point: Discovering a New Perspective

After that, I told myself “Never even look at futures trading again,” but while preparing for a job change after leaving my company, when I had some free time, I watched a crypto futures trading YouTuber’s video.

Maybe because he was a foreigner, the format was the same – ‘technique explanation → referral push or course selling’ – but he just showed the life of a successful trader in a cool way. It hit different.

After digging deeper and searching for domestic YouTubers as well, I came to one realization.

The conclusion is this:
No one can predict the market (except the whales). And it’s not about making money by predicting, but about precisely setting the risk-reward ratio and probability of losses and gains, then repeating continuously.

Answer Found in a Book: Trading in the Zone

Fortunately, the first book I picked up at this point was 『Trading in the Zone』.

My conclusion from the book is this:

• No matter how much technical analysis you do with charts, the market is unpredictable
• Even if you predict, it doesn’t mean you’ll make money
• While trading, fully acknowledge the risks and set precise probabilities for losses and gains
• Dedication, energy, and skills are needed to increase probability through experience accumulated from repeated execution

Eye-Opening Risk-Reward Concept

Understanding this concept of risk-reward ratio and probability resonates greatly not just in trading but throughout life.

The reasons we hesitate and regret when choosing which university to attend, which job to take, whether to start a business, or whom to marry are usually these:

That’s why even after making a choice, we’re anxious, depressed, fearful, and scared about everything.

New Beginning: Practicing the 1% Rule

The moment this concept clicked in my head, I wanted to try trading properly.

To explain simply,

Even if I invest with 1 million won, I set the maximum loss at 10,000 won (1% of margin) with a mindset to try 100 rounds.

I’ll repeat long and short positions for various reasons, but if I increase the probability through various approaches, I want to play this game where I can make even just tens of thousands of won from the market.

Even if things don’t go my way and I lose 100 times straight, my loss is limited to 1 million won, which doesn’t exceed the boundary I’ve set.

Purpose: Contributing Based on My Growth

Everyone, I’ll include channels to contact me and referral links in all my posts.

I’m writing this at the point where I’ve grown from $830 to $880, my first post after organizing my website with the mindset of “let’s do this properly.”

I have a goal to consistently record my trading journal. The trading journal is always posted with results, but since I write it first and only update the results, if you want to receive trading ideas before the results come out, please contact me through the communication channel and I’ll share them. Of course, this is limited to those who signed up with my referral code.

What you can take from me, someone who makes a few thousand or tens of thousands of won with 1 million won, would be trading ideas or consistency.

While studying trading, I suddenly wanted to try donating, something I’d never done in my life. I don’t know why. I just suddenly wanted to.

And the thought that came to me was, ‘What would I want to do if I didn’t have to worry about money right now?’ When I thought about it, various things came to mind, but the context was ‘I want to do something meaningful.’

Of course it was a small amount, but I felt so good. Though this is a humble post, I hope it gives you a little inspiration. Thank you.

And don’t fall for YouTube liquidation shows anymore.
I’ll write about liquidation shows in the next post.