In my freshman year, I was full of passion, thinking that once I got into my favorite finance school, I could become a wolf on Wall Street. In the first month of my freshman year, I put all my little over 10,000 yuan into the crypto market. At that time, I shorted 100 FIL contracts; when it dropped a little, I closed it, and when it rose back, I opened it again, repeating this over 10 times, making over 500 yuan. I thought I was a trading genius, making money as easily as breathing. But that same night, FIL skyrocketed 20%, and without a doubt, I lost a huge amount. I remember that was my first big loss, losing 3,087 yuan. Later, throughout the semester, I lost some more money and finally decided to withdraw from the market.
Then came the turning point. In the second semester of my freshman year, due to the pandemic, we didn't return to school. At that time, the ceasefire in the Russia-Ukraine war was favorable, and SHIB soared. Seeing my classmates, who had traded together before, making money, I was encouraged by them to start trading again. This time, I also began systematically learning some knowledge about the crypto market, such as OI, volume-price, moving averages, XYZ, 3B rule, Dow theory, etc. After 9 months of trial and error, I finally developed my own system for market observation and trading, setting a trading discipline that if I face liquidation, it means stop-loss (manual DOGE). I started to achieve stable profits, and now I just check the market daily and open a few trades when there’s an opportunity.
I am currently researching bots and airdrops, planning to enter the primary market, but the road is long, hahaha, wish you well.
