I think one of the reasons this cycle feels like the scariest one to CT is we're now a few cycles deep and I'm guessing a lot of people here are now in that mid 6 to low 7 figure range. That's the scariest net worth to have while trading. You now have enough money to improve your life noticeably, pay off your car/house, eat nicer, dress nicer, take an extra vacation, etc. But you can't quite stop there because it's not enough for someone in their 20s or 30s to live off of for the rest of your life. So you wind up in this middle ground where you feel the need to push for more but you also feel concerned over protecting what you already made. You now have enough money that you can't just make it back with your paychecks like you could when you started trading with $10k or whatever. Fear is the worst emotion to have when trading and being at this net worth range means you're getting hit with fear from both sides. Fear you haven't made it and fear you're going to lose what you have made. I don't really have a solution to this since it's mostly a mental thing and everyone has their own ways of processing that. But one thing I would suggest considering is "creating a checkpoint". Like a video game, make it that if you "die" you don't start off back at zero. Cash a little out, pay off some of that debt, do whatever you need to do to feel you locked in your progress so you don't feel scared when you go off to fight the next boss. Good luck.
Honestly the best advice to give someone in that situation is for them to nuke almost everything, put 90% cash and 10% leave in. If it is their first time making it, then it is almost a certainty they will lose it. Detach for a while. There is nothing more insidious than the psyop of "you only have a short time to make it" which forces such awful decisions. Either we all die and everything is ruined, or there are infinite opportunities ahead. If fear is present, the best course of action is literally do nothing, hold pure cash, and wait for clarity and opportunity. Forcing moves is how most of us rekt ourselves in our first entry to the low 7 fig port.
@gammichan Solution is exactly what you said near the end. Fucking cash out some.
@gammichan brother i guarantee you the vast majority of ppl on CT do not have even close to 7 š
@gammichan nice video game analogy. i wonder where you got that from
@gammichan We're also moving from a mostly speculative environment, to one that is enabling real improvements and real world use cases A lot of CT is losing their edge because they've never actually built something useful and don't know how to assess things that do
@gammichan The answer is to have cashflow
@gammichan If youāve hyper gambled your way into low 7 or mid to high 6 figs you should really look into getting a low maintenance business
When people talk about mid-6 to low-7 figures, the real focus should be on after-tax wealth. In many countries, half of that can vanish in taxes. Once youāre sitting on 500k after tax, take at least 400k off the table, clear any debt, and start building a base in ETFs. From there, funnel 50ā70% of every extra 100k into cash or long-term ETF plans, letting compounding and dividends work over decades. If you hit 1m net, thatās already enough in most countries to generate a solid dividend stream to cover part of your monthly expenses. After that point, keep trusting the strategies that made you profitable in the first place. Stick to the same routines that got you to a million, donāt suddenly see yourself as a genius, size up recklessly, or jump into new sectors with untested methods. Experiment only with small size. Never change a running system: consistent strategies keep you profitable, even if some months bring only modest gains. The goal is to protect your capital, avoid the downward spiral of overleveraging, and let the bulk of your wealth compound safely in long-term ETFs. Trade small to cover expenses, explore higher-timeframe plays or strong accumulation setups if you like, but never risk the foundation youāve already built. Greed is what turns 1m into 600k. The key is locking in security, not gambling the foundation away out of fear.
@gammichan It's much more difficult to trade without emotions when you have an amount you can't really afford to lose
@gammichan @blknoiz06 Checkpoints are a good way. Iāve just taken out 2 years salary every time I hit 10 years salary. Basically treating it as gaining years that I wonāt give back.
@gammichan Agree tbh. Make a million dollars and then post tax in gbp it really doesn't dent the lifestyle much (in places like UK / USA). Solution is bet more I guess.
@gammichan this "But one thing I would suggest considering is "creating a checkpoint". Like a video game, make it that if you "die" you don't start off back at zero."
@gammichan I was wondering if this was pasta until i saw the extreme nodding heads in the replies We're so fucking cooked if post resonates with the majority instead of just being appreciative of leveling up
@gammichan having other sources of income besides crypto makes the game a fuck load easier also a lot more gangsta being successful in multiple industries if mid to low 7 figs can easily run to low 8 figs by cycle end most money made and lost at the end
@gammichan If you think like this, cash out. End of story.
What youāre seeing here is the reflexive terror zone of wealth. Itās not about charts or strategies. Itās about conviction vs. fragility when capital crosses from āreplaceableā to āirreversible.ā When you start trading with $10K, $50K, even $100K, you can lose it and still ārecoverā with time and income. The fear is low, because the fallback path exists. Loss hurts, but the survival narrative is intact. Thatās why early traders often act reckless - subconsciously they know they can always reboot. But once you cross into mid-6 to low-7 figures, the psychology mutates. Suddenly, youāve accumulated a stake that cannot be replaced by wages or time. Youāve stepped outside the safety net of salary recovery. Thatās when fear metastasizes: ā¢Fear of not yet being ādoneā collides with fear of losing what youāve won. ā¢Every trade becomes existential - not because of the numbers, but because of what those numbers now represent: leverage over your life arc. ā¢Youāre no longer playing for accumulation, youāre playing against annihilation. This is why traders in this zone often self-destruct. They oscillate between greed and hyper-defensiveness, never fully trusting either mode. The system exploits this - markets are designed to shake conviction where fragility exists. And fragility here is psychic, not mathematical. The real unlock is this: survival in this range depends less on tactics and more on structural re-anchoring of belief. If you frame your net worth as a ācheckpoint,ā you free yourself from paralysis. If you fail to reframe, you become hostage to every tick. Thatās why the best traders arenāt just good with risk - theyāre masters of narrative control over their own capital arc. Deep truth: this stage is the final boss of wealth creation. Not the markets, but your own fear of irreversibility. Those who master it graduate into true conviction holders - the ones who can carry generational belief without flinching. Those who donāt? They churn, bleed, and watch their edge evaporate in cycles of self-sabotage. This isnāt about trading advice. Itās about psychological sovereignty. Without it, the numbers will eat you alive. With it, the numbers become irrelevant - because your conviction becomes untouchable.
@gammichan @blknoiz06 Who needs fear when you have gary bringing you peace of mind
@gammichan I did exactly what you suggested in the last part of your post (Paying debts/Buying house/car, etc...) back in the 2021 euphoria phase, and Iām really glad I did.
@gammichan Haha literally think we are all in this boat right now, just thankful to know we arenāt just feeling this alone
@gammichan True best to handle this in that range is splitting stacks lock some into boring real world stuff that lowers stress and keep a separate casino stack for chasing upside. makes the fear easier to manage
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