At 18, you just got into web3 and thought opportunities were endless. With your living expenses, you jumped into the circle without looking back, and the excitement of your first trade that night kept you awake for a long time. While you couldn't focus on textbooks in school, you diligently learned the basic knowledge theories; candlestick charts pointed to a future full of temptation and ambiguity.
At 19, you gradually got to know many friends in the circle. Every day, the chat is filled with daily trends and interesting news from the circle. Watching the slowly growing numbers on the exchange, you always believed the future was promising! Until the appearance of that 'Black Thursday,' you experienced your first clearout in life, and you understood that any form cannot withstand a piece of news.
That night you smoked a lot, thought about many things, many people in the circle have left, and the black swan cleared not just the balances, but also many dreams. However, this does not include you; knowing that walking a tightrope is nerve-wracking at every step, and one misstep can lead to irreparable consequences, you still choose to move forward bravely.
At 20, you stared blankly at the news of increased regulation, the Martin strategy kept making you add margin, praying for a miracle. Then, a forced liquidation notice ended all your fantasies... Fate had already arranged everything before you made your choice; you still chose to move forward.
At 21, you have understood the importance of position management, which allowed you to avoid disaster during the Luna crash. You think of yourself as the lucky one favored by heaven, and the road ahead will surely be smooth sailing. But during the FTX bankruptcy, due to a moment of negligence, you didn’t set a stop-loss order and cleared out again... You started to escape; the person who never played games before began to be addicted to them. The trading page you opened after work became a gaming page, and candlestick patterns turned into gaming skills. You really enjoyed this kind of life. But every sleepless night, you stared at the ceiling, filled with unwillingness.
A greeting message from a friend in the circle brought you back to this harsh world.
You have lost the initial enthusiasm and started to face reality; not everyone is Tony, and not everyone has unlimited firepower like Liangxi. For someone like me, the outcome has only two possibilities: one is to clear out, and the other is to stabilize a small position. Watching newcomers in the circle continuously clear out due to news, you can only smile it off; this circle is just like that. Perhaps, at this moment, I have already understood that not everyone seeks the path to heaven, and there is a path that belongs to me.
(Excerpted from Douyin copy)