Current students, accidentally entering the cryptocurrency market, suffering losses of over 100,000, unable to repay debts, unable to study. What to do?
He is an ordinary college student who originally just wanted to earn some living expenses through cryptocurrency to lighten the family burden, but unexpectedly fell into the abyss of contract trading. At first, he operated based on his feelings, believing in the rhetoric of 'guaranteed profits', and unknowingly lost over 100,000, being burdened by loans and nearly neglecting his studies.
'I really don’t know what to do anymore.' He was scrolling through posts in Binance Square, feeling anxious and collapsed, when he accidentally saw an article I wrote about capital management and emotional control. That article was like a ray of light, making him realize that trading is not all about luck, nor is it as simple as just following calls.
He added me and sent a long message, saying he wanted to trade with me, even if it was just a little profit, it would be a redemption for himself.
I did not immediately agree, instead, I spent a week helping him sort through his past trading records and found that he had potential; he just lacked a system and discipline. I told him to stop for now, taught him some knowledge, had him take notes, and adjusted his mindset, starting with the most basic position control and stop-loss.
Over two months, we experienced several major market fluctuations together. Every time before I made a move, I would clarify the logic, set take-profit and stop-loss points, and guided him to start with small funds, gradually building confidence. Even for a 50 USDT order, we analyzed it carefully and executed strictly.
Now, he not only made up for the initial losses but also made a small profit. Most importantly, he is no longer swayed by emotions and has started to return to the classroom, with life gradually getting back on track.
He said: 'Thanks to seeing your article when I was at my lowest point, otherwise I might have completely given up.'
The cryptocurrency market is neither hell nor heaven; it is merely a place that amplifies human nature. Falling down is okay; as long as the direction is right, recovery is just a matter of time.
For friends who are currently confused about trading and want to recover losses, follow Brother Jie
