This drawdown has lasted for nearly six months. To be honest, this year has been really exhausting. Last year, I turned $5,000 into $3 million, peaking at nearly $5 million across various exchanges, and now I'm back to $1.8 million. You should know that I am at least still profitable this year, and I have withdrawn funds multiple times, already playing with profits. Even in my situation, I feel emotionally tortured by the market every day. What about those who have been losing for years? Those who are trading with debt? Their pressure is unimaginable.
The market is a casino, and most people are gamblers. People like me always try to escape the label of a gambler through a series of rules, hoping to transform ourselves into rule-based traders pursuing stability, deviating from the gambling mentality.
But most people are not like this; they come in seeking overnight wealth, and after losing, they fantasize about overnight wealth to recover losses. From beginning to end, their minds are consumed by gambling, and they gamble away their lives.
I have managed to secure some profits in recent years. If even someone like me is advising people in this market not to participate, it indicates that this market is indeed very difficult to navigate. Especially when I am continuously tortured during a drawdown period, my urge to dissuade others becomes even stronger.
Saying things that go against the mainstream, high transaction fees, large slippage, and significant capital intervention, there are many objective disadvantages; subjectively, the requirement for stable profits is very high. For someone like me, who takes profits after withdrawing funds, I've recently been feeling depressed even just from the drawdown of profits. What about those others who are just constantly stressed? If you want stable profits, you must go against human nature, discard the gambling mentality, stabilize your emotions, set rules, and strictly enforce them. Yet, this simple set of words is something the vast majority cannot achieve. In fact, I can't guarantee 100% execution of the system myself.
So, sometimes giving up is also a good choice.
Perhaps contracts have made your life miserable now, but the likelihood is that continuing will make your life worse.
Maybe you think contracts have ruined your life, but if you stop now, your life still has infinite possibilities.
Set a limit for yourself; no matter how much more you lose, you must give up, and if you can't break even after how long, you must also give up.
The money here is like rice cakes in a pot of hot oil; it may be delicious, but every time you reach for it, you lose a layer of skin.
As an adult, you are not just yourself; you are your parents' son, your wife's husband, and your child's father.
This market has not brought you the expected overnight wealth; instead, it has brought the harsh criticism of aging parents who are disappointed in you, the disappointment of a virtuous wife who has forgiven you countless times, and the resentment of understanding children who seem to know everything.
Perhaps your life is a bit bleak, but their lives shouldn't be dimmed along with yours.
