Actually, I was playing in Macau a few days ago.
Recently, I've been in Macau, Hong Kong, Zhuhai, and I'm planning to go to Shunde and Xiamen to play for a few more days.
Losing money is indeed losing money. Besides the trading losses, I lost about 400,000 just from playing at the Galaxy in Macau for a few days.
Why bring this up? Because recently I feel the biggest controversy isn't about me losing money, but about my followers losing money alongside me. Their leveraged funds and stop losses are proportionally copying mine. It's not just the people in the market; there are also outside followers with funds.
These people, whether in the market or outside, wherever they followed my trades, and wherever they recognized me through my content, they are all my fans.
Whether they are die-hard fans, new fans, or haters, they are still fans.
Many friends who have played with me for a long time, whether they are fans or die-hard fans, have been telling me not to do public sharing online anymore, but to just work with the most dedicated fans.
This made me think about my recent experiences in Macau.
In Macau, I was losing tens of thousands or even over a hundred thousand every day. On the third day, I gave money to a friend since he wanted to gamble a bit too. That day, I gave him the money, and he used it along with his own capital to gamble. I'm not really a gambler; I let the dealer flip the cards, or I just show my two cards right away, very straightforward, without experiencing the tension of seeing the cards.
As a result, I won some and lost some that day, and by the end of the day, I still lost everything. I personally didn’t mind too much; I just thought gambling is purely a matter of mathematical probability. No matter which way you bet, there are times of winning streaks and losing streaks. Instead of guessing whether the next card is high or low, it’s better to guess when I will start winning or losing streaks today.
However, looking at the results that day, I still ended up losing all the money. If I were to gamble myself, I could enjoy the process of thinking about the gambling game. Leaving it to others, I lost the whole process, and the money disappeared. It would have been better if I just gambled on my own luck; winning and losing both have a 47% probability. If I won, I could double my money and leave; if I lost, I wouldn’t have to spend a whole day like that one, feeling sore and tired.
So, did I hate my friend for a moment? Of course, I did. Losing hundreds of thousands just like that—how could I not have thought about hating him? But that money is really too little; when I calculate it, it’s just half a month of my own trading fees. I had that moment of hate, and it never appeared again. Seeing various news today made me want to talk about this.
This is basically the same relationship with following trades and losing money.
And the funnier point is, my buddy bought more chips yesterday and managed to get up to 580,000. But this time, I couldn’t go in and out with him; it was entirely his own doing. That’s really impressive. This is exactly the same as when I took people along and lost a lot, but then made back the losses in four hours.
I know that people who followed my trades lost money, but then I see myself the next day not taking anyone along, struggling all day to make it back—it's really frustrating.
Trading still has to be done by oneself; trusting others is useless. If you make money, fine, but if you lose, what’s the use of having another reason for losing money? The money is gone.
Trading without leverage is speculation; trading with leverage is gambling. Is there really a gambling god who always has the upper hand?
Think about it carefully.