What is the most tragic thing you've heard in the crypto world?
In November last year, a friend of mine played contracts with a principal amount of 500,000, going long with 5x leverage. The account peaked at 4.3 million, and after deducting fees, commissions, and part of the hedge against spot trading, it had a total return of 851%.
If it were you at that moment, what would you do? Most people would have stopped long ago, but he didn't. According to his wife, there was a small drop in between, and he didn't stop-loss, then it rebounded. At that time, the contract account's profit had exceeded 900%. There were probably too many people shorting, so he didn't pay attention to it. Later, it dropped a bit, and he still didn't choose to stop-loss. His wife said that when it reached 430, he called her with a slightly trembling voice to inform her about the situation, without being particularly excited, then just stared at the screen, incredibly calm. Because with contracts, he had previously made almost 3 million at the peak, and then gradually lost it all. Having seen great storms, he remained incredibly calm in such situations.
He firmly believed it would reach 500 and wanted to wait until it surpassed 500 before stopping, but then... without hedging the contract positions, a needle just mercilessly plunged down... The account instantly dropped to just over 80, almost 90, and closing it was obviously too late... The ending, as everyone should know, was bomb...
What remained was him holding his head with both hands, sulking for two minutes. His wife vaguely felt something was wrong and was just about to ask him what was wrong when he rushed to the windowsill, then jumped down... Fortunately, his home was on the 3rd floor, and his life was spared.
But his legs are forever ruined.
You in front of the screen should follow Kun Ge's reasonable position arrangement, sell at reasonable points. It may not make you rich overnight, but it definitely allows you to earn without any problems. You can definitely give it a try!!!
