Today, I was affected by this coin's movements. Over the past two days, I have continuously attempted to catch the rebounds of two coins, one #MAGIC and one #VOXEL resulting in losses each time. The more I stop-loss, the more anxious I become. Over these two days, I have lost $20,000.
Since yesterday, I have been following trades for 48 accounts, with a maximum capital of $18,000. In the past two days, I have incurred losses totaling over $400. The continuous losses have led to some imbalance in everyone's mindset. Today in the comments section, I have already seen people cursing at me, and some are even trying to stop me from continuing to trade this coin.
I had underestimated the complexity of leading trades. After all, many people can only make money and do not want to lose. They usually see me earning so much and think I can make money 100% of the time, but they fundamentally cannot bear the risks of drawdown. The consecutive losses over the past two days have made them very anxious, and their words somewhat affect my judgment. The invisible emotions of too many people create unnecessary pressure for me. The more pressure there is, the more impatient I become, and the more impatient I am, the less calm I am when opening trades, which in turn causes emotional losses for my account and yours.
Additionally, in the past two days, while sharing trading insights in the live stream, I discovered opportunities that I wanted to pursue together with everyone. I initially hoped to make money alongside everyone, but the market did not move in the expected direction, and ultimately, everyone had to stop-loss and incurred losses. Often, at this time, the losses are substantial. This afternoon, I called a short position for #BROCCOLF3B in the live stream, and I personally lost over $4,000, while other friends collectively lost around $10,000.
The day before yesterday, I called a long position for #MAGIC during my live stream, and it peaked right after. A few minutes later, everyone had to stop-loss. I ended up losing $5,000 on that trade, and all the friends who followed me likely lost about $10,000.
There is also a big player who added me on WeChat. Today, he followed my call for a short position and ended up losing over $12,000, while I broke even. In the second round, he lost several thousand dollars again, meaning that today he incurred a total loss of $20,000 following this trade with me.
The above are the losses brought to everyone by my calls over the past two days. This is problematic, as everyone does not fully understand my trading rhythm and logic. Moreover, when I trade, I move particularly quickly. If I run and you are still in the trade, it ultimately leads to some invisible losses for you.
In the future, for the safety of everyone's accounts and to protect my own trading mindset, I will no longer call trades in the live stream or on WeChat. I will only share my various trading insights and strategies. If there are questions, we can discuss and learn from each other. Of course, I will also share my successful trades in posts, explaining the logic behind those trades. In this case, if you choose to follow my trades, that is your own decision. I will not blame myself for any losses you incur, nor will it affect my trading rhythm and mindset. Perhaps I still lack the experience and strong mentality to lead or call trades for everyone.
To summarize, I still hope to trade according to my previous rhythm and logic, without too much burden. For those who are following my trades, if you are afraid of drawdowns and losing money, you can cancel following. If I see too much negative feedback in the comments, I might consider closing the follow feature directly. Trading your positions doesn't earn me much, but it brings me a lot of anxiety and pressure. I hope everyone can understand.
