#btc历史新高 My assets have lost more than half
#高倍杠杆 vs low leverage
#赌徒心理 Leverage and the brain's reward and punishment mechanism
#投机赚钱 Slow is fast
This is my first post on Binance, and I've wanted to express this idea for a long time.
In March this year, I entered the spot market, buying several mainstream assets at that time. BNB has doubled, and ETH once surged to 4000 without selling, but currently, there is still a 30% floating profit. I felt that making money wasn't actually that hard, and my mindset was still stable. Later, I felt that this way of earning was slowing down, so to improve my trading skills and earn more while keeping sensitivity to the market, I switched to futures trading.
In the first phase, I was still quite risk-aware, using a small position with 20x leverage, experiencing both wins and losses, and sometimes holding positions. Significant losses or liquidation would make me feel uneasy. I tried to summarize the reasons for my failures, but there wasn't much improvement. Looking back, the profits were basically based on luck. Even if I could catch some profits, due to human nature's aversion to risk, I would often take a small profit and run, while stubbornly holding onto losses, failing to grasp a good risk-reward ratio. This phase lasted quite a long time.
In the second phase, I learned some technical analysis, trend trading, speculated on the thoughts of market makers, etc. I continually validated these ideas through futures trading. Although there were profits and losses, a significant loss would often result in heavy damage. After watching some KOL videos, I benefited greatly and felt that these accumulated losses were not worth it compared to joining a paid channel; trading still requires some strategies. So after joining, my leverage skyrocketed from 20x to 100x, focusing on the short-term ETH trades provided, all based on just a few points. I anxiously followed the K-line movements, staring at my phone in restlessness. On the first day, luck wasn’t on my side; I made one trade with a floating loss and another that hit my stop loss, resulting in over 3000 U lost on the first day. Just the trading fee for opening a position was already over a thousand bucks, and it was instantly heart-wrenching. Later, I gradually opened more trades with both losses and gains, but due to high leverage, hitting the stop loss essentially meant losing my position, and once a spike occurred, I would passively hit the stop loss. Finally, after several bad luck episodes, I lost most of my U and chose to give up.
At the same time, I started to buy more of my coins at lower prices, using a coin-based leverage of no more than 5x, slowly accumulating holdings, and gradually adding positions during downturns. Cumulatively, it turned out that I also had a considerable profit, and I finally understood that a stable mindset with low leverage is more suitable.