Once, I was like most people, thinking that as long as I looked at the candlestick charts every day and added a bit of 'sixth sense', I could make a fortune in the crypto world.
What happened? I lost 100,000 USD in a year, my hair was thinning, and my mindset was shattered.
At my most ridiculous moments, I could open dozens of trades in a day, adding more to winning trades and holding onto losing ones, staring at the screen until 4 AM, only to still suffer massive losses the next day, convincing myself that a 'comeback' was near.
Later, I realized that I wasn't trading cryptocurrencies; I was being harvested — from transaction fees to emotions, and then to beliefs.
Looking back, how was I 'slowly liquidated' that year?
1. Frequent trading is just 'feeding the market'.
Every day I wanted to trade, always feeling that I could seize the opportunity. In reality, it's not you making money; it's the market feeding the dogs — transaction fees eating away at profits, losses amplifying emotions, turning you into a crop being harvested.
2. Leverage? That's just amplifying your stupidity.
High leverage is indeed exhilarating, a mere 5% market movement can wipe out your account. You fantasize about being the next trading god, but in reality, you are just a gambler waiting to be shot in a casino.
3. Chasing rising prices and selling on dips cuts yourself the deepest.
When the price goes up, you're elated; when it drops, you're panicking; just after cutting your losses, the market rebounds. Not only do you lose money, but you also feel like you've lost your mind... Sound familiar? This is you, and it was me back then.
So how did I change?
To be honest, there was a time I almost deleted my trading software and swore off the crypto world. But one thing changed me completely. It made me stop frequently trading, stop reckless gambling, and stop being a feel-based trader...
Now, I trade less, see more clearly, and have stable gains. I might make just one trade a day, but the profit exceeds that of the past week combined.
As for what made me turn around completely? How did I recover from deep losses? That's not something that can be summed up in a few words.
I'll just say this: it's not luck, and it's not about predicting the future; it's...
To my friends who are tired of losing money, if you also want to stop the losses, recover, or even achieve stable profits, then we can talk.
Stop blindly gambling; if you keep losing, you'll realize that it's not the crypto world changing you, but rather that you can never go back.
