I usually have social anxiety and don’t communicate much with people in real life, so a lot of things are bottled up inside me. But not saying them out loud feels uncomfortable 😂. The article I’m posting reflects my true feelings over the past two months. I hope the seniors will be gentle and not criticize me harshly.

I'm a newbie, I've only been playing for about two months. I’ve never followed a single trade before. I just opened my own account and started with an ant position, going from $100 to $600, then to $1000. Then on the day I had an argument with Matt, I went long without setting a stop loss and ended up with just a third of my total position left. I'm still in school and I don't have much money. I just thought that if I could earn $10 or $20 every day in the cryptocurrency market, it would help improve my life a bit. My parents are working, and their current earnings aren’t great either, so I just wanted to earn a little to relieve some of their pressure. Other students don’t contact their parents often, and when they do, it’s usually for money. I’ve never asked them for living expenses; my mom just transfers money to me every month when the time comes. I don’t know why, but I feel embarrassed to ask them for money. I never thought that after two months of playing, I would be wiped out for being stubborn and not setting a stop loss 😂.

At that time, I was irrational. Even though the trend had clearly reversed, I still didn’t run. After holding on for a while, I kept chasing longs and ended up losing nearly $100 in a single day. I was there regretting it, but I couldn’t find anyone to talk to, so I could only vent to my dad and mom.

I often hear others say that the end of contracts is liquidation, and I’ve experienced it myself 😂. There’s nothing to regret. Choosing to follow trades halfway through or even to the end without setting a stop loss was my own choice. This liquidation has taught me a lot. Don’t stubbornly fight against the market, always thinking you’ll make back your losses in one go. Failing to set a timely stop loss can lead to a high probability of getting wiped out.

Looking back on these two months of trading, I spent a lot of time on trades that I couldn’t hold onto. I lacked perspective and would run away after making a small profit, which caused me to miss out on big money. I could only use my ant position to make small gains. On the other hand, I’ve taken on quite a few losing trades. I didn’t want to cut my losses; I wanted them to reverse. But the truth is, we can’t fight against the capital in the market. This time trading has taught me a lesson. I trusted the trader unconditionally. However, I must set my own stop losses, keeping my losses within an acceptable range. I chose to follow the trades and didn’t pull out halfway. Now that I’ve been wiped out, there’s really nothing more to say. Greed has taken hold of me, always thinking that since it has fallen so much, it must rebound at some point, right? It can’t all go to zero, can it? 😂 The reality is that the sharks take advantage of our psychology as retail investors, and they will hit you hard. In the end, they’ve knocked us bulls down to the ground. For instance, when they dumped to $1300, I experienced this wave of constant sell-offs, and I still don’t dare to go long.

In any case, no matter what fate says, I can't let go of my grip. I have to set a bottom line for what I can bear. I can't be stubborn. After getting wiped out once, I’ve learned my lesson. I still have a little bit of money left, along with some funds I earned from other activities. I’ll buy my dad a new phone when I go back home for the holiday. I won’t stay in the cryptocurrency market anymore. I wish my brothers a big profit. Make sure to set a stop loss for every trade. Even if you hit the stop loss and then it rebounds, don’t regret it. Opportunities are always there. Don’t hold on stubbornly. Seeing people in the plaza posting about holding onto losing trades makes me feel overwhelmed. I’ve realized during this period that while this quick money can be made, not everyone can earn it. I don’t have the strength to earn it. Goodbye, brothers.