Alone in the car from noon until evening, as usual, even on weekends, I would open TradingView on my phone to look at the candlestick charts. Sometimes I would engage in thought and analysis, and other times I would just watch. This thing was basically my entire reliance.
One day in the car, I began to write down my story...
As someone who considers myself a pure trader, I want to continuously document my struggles and breakthroughs until I achieve complete success or complete failure.
The reason for embarking on the trading journey.
Being bullied upon entering society, working could not escape the trap of family debt.
In March 2014, the Malaysia Airlines disaster shocked the world. In June, feeling slightly nervous, I boarded a flight from Kuala Lumpur back to my home country and began to step into the workforce.
My university experience was quite special. I studied in three places both domestically and internationally, and my major was mostly in the humanities. In high school, I chose humanities because of the abundance of beautiful women, a decision devoid of respect and rationality that had a profound impact on my future.
Just stepping into society felt like I was itching to achieve something, completely unaware of the risks and having no risk awareness. Thus, I fell for the first time in life, with my family funding an investment in a real entertainment industry project. Initially, the operation was quite successful, and I got back some dividends. However, the good times didn't last long. In 2015, shortly after the project commenced operation, it faced malicious competition from peers and was forced to shut down for investigation. The labor and operational costs were high, and I was dragged down until the funding chain broke, leading to a collapse of the project, resulting in a loss of around 200,000.
In 2015, the A-shares were also soaring, and it could be said that everyone was trading stocks, but I had poor luck. Not long after entering, I began to play with leveraged trading, and soon after, the stock market crash came. I remember the financing company constantly asking me to add margin. I even tried calling friends to borrow money for margin calls. Each time I thought it was the end, I thought, the national team had intervened and was calling for help, but the market continued to plummet. Many years later, I truly understood why the stock market crash was so devastating that year, and upon learning the complex historical background and causal relationships, I realized how insignificant and small I was in that historical event.
For the first time, I experienced both project investment failure and stock investment failure simultaneously. The feeling of being liquidated was deeply etched in my memory, and the awareness of risk became deeply rooted in my brain, subtly shaping my future style of action. The losses from the stock market crash were nearly 100,000, but for me, who had only just started working, it was already a significant amount. To this day, I still remember that year was filled with misfortune. After being liquidated, I sat on a park bench, feeling completely helpless and despairing. I hadn't yet understood the rules of the social game and was already being painfully overwhelmed.
The hardships of 2015 had not yet ceased. My family was involved in the real estate industry, and that year, a significant project developer ran away, dragging my family down with them, resulting in a direct break in the funding chain. My parents instantly fell into bankruptcy.
Upon entering society, the sky fell, and I also started working honestly.
In the following years, being urged to repay debts became the main theme of my family. This experience was like laying the groundwork for a series of choices that followed, making me clearly realize that relying on a job would hardly solve the family's debt problem fundamentally.
To be honest, university brought me little in terms of professional gains. What I gained more was experience, feelings, and experiences. To put it more simply, the time spent playing far outweighed the time spent on study and career planning. At that time, I was indeed young, naive, ignorant, and willful, thinking I knew everything and had a pile of bad habits. Therefore, society and life began to teach me how to be a person.
Entrepreneurship came to a sudden halt, and the path of redemption after the cryptocurrency's volatility.
After working for five or six years, I could never muster any interest in my job. The sense of powerlessness and confusion about the direction of my life tormented me. So in mid-2020, I chose to return to my hometown and start a business in the real estate industry. As most people know, the pandemic spiraled out of control, and the real estate industry plummeted. Although I sensed that this line of work might not last long, what I didn't expect was that everything happened too quickly. Fortunately, I was cautious at the time and strictly controlled each input process, so this entrepreneurial venture didn't incur any losses. During the entrepreneurial period, I also explored various ways to make money when I had time. I started trading stocks, and primarily, I began to understand and enter the cryptocurrency space.
Before this, I had no understanding of the cryptocurrency world, but who would have known that after entering the cryptocurrency space, my fate would fluctuate wildly and influence the direction of my future life.
As a newcomer, after a short period of solo exploration, I quickly got on the right track and began to actively research various cryptocurrency projects. After learning from previous stock trading experiences, I became much more cautious. The way to make money is simply to analyze and filter projects, then ambush at the bottom, cashing out at the peak. It is no exaggeration to say that throughout my experience in the cryptocurrency space, I leveraged my sharp analytical judgment to continuously hit and deeply participate in three breakthrough and skyrocketing projects. What are breakthrough and skyrocketing projects? They are projects that have roughly increased over 100 times and become well-known within the community. Many cryptocurrency players should know how crazy the cryptocurrency space was in 2021. Although I never calculated the exact amount of initial capital, piecing together around 100,000, I initially only made around 200,000. Later, the first project I invested in during May allowed my digital wallet to peak at 12 million RMB. Although I didn't get too carried away, I was still too overextended. After cashing out a few hundred thousand, the market corrected, and following the 519 black swan event, it plummeted. In the following two months, my funds drastically retracted by over 10 million. I remember at the lowest point, my digital wallet had only about 500,000 left. Although pain was inevitable, I wasn't too desperate; I still felt the bull market had not ended and there were still opportunities. I remember one day I asked myself, if I were given another chance and my funds returned to 10 million, would I decisively withdraw completely? My intuition told me I might miss out again, and perhaps this is what is called a sixth sense.
My intuition indeed proved to be correct. A few months later, several projects I participated in gradually brought my funds back to over 10 million. However, this time the situation became special as I failed to successfully cash out at the peak due to various reasons. I held multiple projects and still had several NFT assets. I admit that this time I was a bit too eager in my actions. I remember wanting to buy some coveted NFTs, directly transferring 200,000 for an NFT to a stranger in a WeChat group, purchasing 1 million in one go. People are always like this; once they heal, they forget the pain. As I said, I indeed had many flaws when I was young—naturally proud and particularly unconventional.
But my mindset is indeed quite good; at least it has long ceased to be a past that makes me regret endlessly. By now, this experience and the past ten years I have gone through have become my own invaluable intangible wealth. I have always viewed the ups and downs in life positively, which is one of my strengths. In fact, I have many strengths.
In November 2021, the bear market officially arrived in the cryptocurrency space. In the following months, I tinkered with some blockchain gaming gold mining projects, and then I thought: I definitely cannot pin my hopes on a bull market that comes once every four years, and how will I get through the long bear market ahead? With these confusions, I began to explore what was previously considered devilish digital currency contracts. In the cryptocurrency world, the most common advice is 'never touch contracts.' My initial intention to engage with digital currency contracts was simply to find a way to make money, and at that time, I didn't understand the financial trading industry at all.
In May 2022, I officially entered the cryptocurrency contract market to start researching, learning, and trading live. Ignorance is indeed frightening; I had no understanding and recklessly used indicators to open positions, which led to continuous holding of losing trades and then liquidation. That was the first time I stayed up all night holding onto trades after getting into trading. Looking back, I initially experienced liquidation in a cryptocurrency exchange, but since then, using MT4/5, I haven't been liquidated again. In fact, I still made a considerable profit in the cryptocurrency space. I really haven't calculated the exact amount, but it should be around several hundred thousand, just under a million. Most of the funds I cashed out were used to deal with subsequent family debt issues and living expenses. The few funds remaining in the exchange and digital wallet were used to support my live trading. Eighty percent of the funds were liquidated within the first month, leaving me with around 2,000 to 3,000 dollars, which managed to withstand nearly three years of live testing and system verification. I persevered until I completed the creation of my trading system. After getting into cryptocurrency contracts, it took me more than half a year to enter the forex and gold markets. This is how my trading journey began.
Looking back at these past years from today's perspective, I feel quite good. For me, it was also very necessary, and it required such a storm-like series of continuous blows to wake me up early.
I am someone who finds it hard to admit defeat; living clearly is crucial for me.