Lost two million, is there still a chance for a comeback?

First, let's talk about why we lose money. It's basically due to the following reasons:

Contract trading:

Spot trading can only lose your principal, but contracts can wipe you out completely. The script of getting liquidated after chasing highs is repeated every day by buying high and selling low;

Entering after a 50% rise and selling after a 50% drop, simply working for the exchange while randomly betting on worthless coins;

Doubling the investment one day and going to zero the next, with no chance to stop loss because of blindly following tips;

Big shots bragging and going all-in, only to end up buying worthless coins. Who hasn't experienced this kind of rookie operation? A gambler's mentality;

Winning leads to fantasies of instant wealth, losing means holding on stubbornly, ultimately missing all chances for a turnaround.

What to do after losing 2 million?

Don't rush to turn things around; maintaining a stable mindset is the key!

Being 2 million in debt indicates total loss of control. At this point, the gambler's mentality is most dangerous; stay away from high leverage! If you're still thinking about using 10x leverage, you might as well prepare to close your account. Light trading or even suspending trading is the right approach.

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