This is a cannibalistic market, and also a market that creates myths. Here is a paradise for speculators and a hell for gamblers. The 24/7 trading hours are addictive, and the 100x leverage drives people crazy. I have experienced turning 200 times in one night, and also losing 100,000 U. Looking back, it’s hard to put into words. I can only share my experiences, hoping you can understand trading coins from another perspective. It took me almost two years to truly earn my first pot of gold in the crypto world. In 2018, I got involved in crypto futures trading, and at that time, I was fearless. Relying on my own strength, I lost over 8 million in half a year. Although most of it was my savings, I didn’t dare to let my family know. Under the pressure, I was filled with negative emotions, feeling downcast.
In the following year, I continuously made and lost money, but I became more familiar with Ethereum's trends and gradually formed my own market sense and trading rhythm. Perhaps due to good luck, in the bull market of 2020, as Ethereum skyrocketed, my trading system also matured, and my intraday trading points became more accurate, with significant improvement in emotional control. This year, not only did I recover my previous losses, but I also earned an additional nearly 3 million U. Until now, my trading strategy is to trade with 30,000 U, double it to withdraw, and rest and adjust after a liquidation before continuing to trade. I only trade intraday, resolutely avoiding overnight positions and not holding onto losing trades to prevent getting caught in extreme market movements.
Sometimes, you need to avoid letting your subjective judgment interfere with the objective trend of the market, because with too many subjective judgments, once the market goes against you, it’s easy to hold onto losing positions. So, just trade in the direction of the market. The opportunities in the market are actually infinite, as long as you try to avoid making the same mistakes repeatedly, such as holding onto losing positions or over-leveraging against the trend. You can preserve your capital and definitely make a profit in the market. In the blink of an eye, it’s already been five years in the crypto world. I am still trading, and there are still profits, but my mindset has changed. I have become indifferent to many things and love life more, enjoying simplicity. Finally, I wish you fewer obstacles on your trading journey, moving towards wealth. The path of trading can be very lonely, and having someone to accompany and communicate with is a very happy thing. I hope you take fewer detours on your pursuit of wealth.