Cryptocurrency Abyss: A Journey from a Floating Loss of 300 U to Zero Balance
Floating loss of 300 U, very close to stop-loss, but I am unwilling to cut losses. First, I calm down to analyze the market and see if there is a chance for a reversal.
Floating loss of 500 U, I found a strong support level and comfort myself that this price will not break. I will continue to wait.
Floating loss of 1000 U, I can’t bear to cut losses anymore. I think positively and simply treat it as a long-term position, adding some margin and temporarily not setting a stop-loss.
Floating loss of 2000 U, I begin to doubt whether I added to my position too early. I looked at market reviews and institutional predictions and found that most people are bullish. So I feel a bit comforted and decide to hold on; a rebound will come.
Floating loss of 1500 U, see, the market is really about to reverse! I’ll add another position to lower the cost; this time I will definitely make a big profit!
Floating loss of 3000 U, sigh, it turns out this was just a small rebound. But I’m not afraid; I’ve already made 3000 this month, so at most, I’ll just end up working for free this month. I’ll add another position, and if the price returns to the initial entry point, I can make it back.
Floating loss of 5000 U, why is the market so unreliable? It must be the big players manipulating it, deliberately forcing retail investors out. I can't let them succeed; I must continue to add to my position and increase the margin. The rebound will surely come, and the chance to break even is right in front of me.
Floating loss of 4000 U, finally, it seems to be reversing. This time I won’t add to my position anymore, but I will hold on; there will definitely be a rebound.
Floating loss of 6000 U, why has the market dropped again? No, this must be the last drop. I refuse to believe that this market can keep falling; the bottom has been reached, so I will continue to add margin!
Floating loss of 7000 U, the non-farm payroll data is predicted to be excellent tonight; I will definitely turn it around!
Conclusion: Floating loss of 0 U, account balance 0 U
If you find yourself operating like this, it’s time to reflect! Continuing like this will only lead to liquidation. The biggest taboo in investing is emotional trading and endless averaging down. Changing your mindset and rationally cutting losses is the correct path to stable investing.
Doubling my steps is not a problem; the village is already planning the next coin.