I just played for a month, a beginner!! I lost all my savings from years! I followed trades for two or three days and lost 50,000! I've been losing for a month!!!

It has been a month since I joined the crypto world. From being a clueless beginner to now, there are still a few fields of 'chives' between me and being seasoned through numerous pitfalls. I decided to share the pitfalls I've encountered, as I believe I am not the last person to join the crypto world. I hope that future entrants can learn from my experience. After all, earning 100 USDT is not easy, but losing 100 USDT only requires a few seconds of thought.

Previously, I had never engaged in the stock market or any other trading. After hearing too much information about the crypto world, I developed FOMO (fear of missing out on profits). The first platform I used was Binance, which, for a beginner, has a really complicated interface. After fiddling around for half a day, I saw the copy trading interface. Looking at those numbers with profit rates in the hundreds, I thought that as a beginner, I could follow the experts and learn along the way. So, I cautiously and repeatedly selected a copy trading teacher with a seven-day profit rate over a thousand, and invested my funds into it. Later, I thought I should reduce the risk, so I found a few more teachers with high win rates and split all my money into three or four portions to follow their trades. Watching these teachers operate with leverage above 75X, I thought this was how the crypto game was played. Watching my money increase rapidly made me feel life was beautiful.

As such, the money in the copy trading contracts went up and down, and I was almost constantly looking at my phone. Suddenly, the money that was originally profitable began to incur losses. However, blind faith in the copy trading teacher and the belief that losses were just temporary led to a naive perspective. In less than seven days, all the trades I followed were forcibly closed one after another. During these seven days, I couldn't sleep well; I fantasized about making money, and my heart raced when I was losing money. The moment it ended felt really painful.

After that, I deposited more funds, but this time I believed that I needed to master the technology myself. So, I started learning about technical indicators, looking for videos, and joining groups. At that time, there was a master trader in the group who helped everyone earn a lot of money, and I was tempted again, thinking I could learn while having the master guide me. Then, based on what I learned, I observed the master’s positions and began copy trading again. This time, in less than two days, I lost everything again...

Later, my inherent gambler's mentality emerged (a human nature that's hard to resist). Plus, this master confidently stated that he was serious about trading this time, I chose to believe him once more. This time, in less than 24 hours, I lost everything again...