I am a FEMALE who discovered Crypto in October 2021 and have burned my account 3 times, and here are the reasons:
I am not an expert, nor am I a high-level technical analyst. I am just a girl who once dreamed of getting rich.
The first time I burned my account was due to FOMO — seeing others make 50%, I also went all-in. At that time, BTC reached a new peak, I learned to trade Spot like everyone else and got CAUGHT at the PEAK, my account was divided by 3. I heard that FUTURE has high leverage, wanting to recover the CAPITAL I lost, I jumped in without any knowledge (placing orders based on intuition) made a 20% profit and then went ALL-IN and stayed up all night praying, and the result was BURNED clean 10k Usdt.
The second time I burned my account was because of leverage — opening 50x thinking “I hit the right point, it’s a sure thing.” The chart only needed to shake slightly, and the account was gone before I could say a word. I also went online to learn various trading analyses, but it was not promising.
The third time… was when I thought I “had experience.” But in reality, it was just an illusion about myself. At that time, a little profit would increase the volume, while a loss would be held. No cut loss, no stop loss. I kept thinking the market would turn because… I wanted it to. The result: burned again.
After those three times, I learned a few simple things that are not easy to do: • If you don’t understand the coin, don’t trade. • If you don’t have a plan, don’t open an order. • Low leverage doesn’t make you rich slowly, it just makes you die less.
Now I still trade, but I no longer dream of getting rich quickly. I don’t play Meme coins, I think carefully before placing orders.
Because in this game, the winner is not the best person. But the one who knows where they are and where they are WRONG to find ways to correct it.
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