Reflections on a Loss of 1000U on June 15, 2025

I opened a narrow range zjk-koge LP with 1600U, starting out only daring to hold for six hours, to eventually holding for almost the entire time, thinking stability was the norm. When I saw a daily profit of 10U, I began to fantasize about making 300U in a month. From initially thinking 'I'm just making a little transaction fee' to 'I'm making a month's salary', it's fair to say that greed blinded my eyes.

Yesterday, the koge officials said that the lack of locking could lead to a market crash, and zjk and kogez began to show some unstable signs. Today, users on Binance may consider downgrading due to the decline in alpha returns, which would reduce the demand for wash trading, leading to withdrawing liquidity → panic withdrawals + sell-offs, directly causing a chain decline. My assets went from 1644 (morning) → 1630 (afternoon) → 1610 (the beginning of a 1% drop) → 1300 → 1000 → 650. With every drop, I thought about waiting for a bit of recovery before leaving, but eventually, the pain became too much, and I thought about cutting my losses, ending up losing 1000U. This process felt like gambling on contracts, but I couldn't set a stop loss, and I didn't anticipate this situation; I also didn't set a psychological stop loss in advance.

Now I've almost lost more than half of my alpha returns, once again seeing my greed and feeling my ignorance. It made me, a 30-year-old uncle with a salary of 3000, no house, no car, and no friends, hiding in a small county town, feel like a failure in life. At that moment, I truly wished for a meteor to come and end everything quickly and painlessly.

The loss made me want to distance myself from the Binance software, but the points won't add themselves, and taking a day off from trading is equivalent to resetting the previous days to zero. I still have three accounts left to trade. Without those two, I wouldn't know what to trade; other coins seem so volatile compared to kogezjk. I decided to just sleep it off and see the situation in the morning.

Fortunately, I slept well, and when I woke up, it was a new day. The pain from yesterday had indeed vanished. I must continue.

Before 8 o'clock, I only have time to trade three times for 12 minutes, and I still have to rush to work.

I've taken a step back from getting rich; I really need to be more stable. I've learned my lesson!