I remember going through Mentougou, '94, '312, and '519; do you old veterans remember that day? Since I entered this trading industry for so many years, it's been a tough journey, with countless pitfalls, each one different. Brothers who have been through it all know that every time was a bloodbath.
Recently, I've seen many newcomers eager for financial freedom, but seasoned veterans know this market never makes sense. In this market, it's like licking blood on the edge of a knife; one wrong step could lead to a bottomless abyss.
In 2014, the Mentougou incident happened, and a big brother lost 850,000, scaring everyone into cutting losses. In the 2017 'Nine-Four Storm,' the market value evaporated by 80% overnight; buying randomly would lead to losses. Back then, we said every three years brings a disaster.
In 2020, on March 12, the market crashed to $80, and countless accounts went to zero. That feeling of being ignored by heaven and earth,
only those who have experienced it know. The market slightly warmed up; in 2021, on May 19, the contracts collapsed, exploding 600,000 accounts in one day, and all the leveraged players perished.
These are all live teaching materials.
Many fans like to open positions frequently, and with lower leverage for safety, but when a big market movement comes, even the internet connection might get cut off; where's the safety then? There have been plenty of historical black swan events.
Stop dreaming of getting rich overnight; the lucky few who do are always in the minority. Even if one accidentally becomes wealthy, it is incredibly difficult to leave unscathed.
I hope this serves as a wake-up call for newcomers. Recently, fans from Zhejiang, Guangzhou, and Shanghai visited, and the first thing they said was, 'Boss Crab, I can't hold on anymore.' I understand that feeling of losing money, being flustered, and having shaky hands.
After talking, I learned that he had made money before, but later, due to increased desire, he felt his previous methods were slow. He frequently changed strategies, alternated between long and short positions, took a little profit and ran, and got overly excited, ultimately losing both his profits and principal. After going back and forth dozens of times, when he woke up, he had already lost over 100,000, leaving only 30,000, and still asking if he could stand up again.
I told him that to stand up, he must first quit frequently opening positions, stop right-side trading, avoid junk and counterfeit assets, and change his mindset. This has nothing to do with capital; if the method is wrong, no matter how much money you have, you'll lose it all. In this industry, control is more important than prediction; the essence isn't technique, but cognition and a sense of rhythm. Don't guess what will happen tomorrow.
Don't ask how tomorrow looks; just prepare to cope. If you don't have a coping strategy, don't make decisions recklessly. Losses often come from impulsiveness.
From this moment on, always stay vigilant and don't operate based on feelings. If you're still at a loss and want to climb out of the valley, first ask yourself if you can stabilize.
Finally, I hope my brothers can ride the wind and break the waves, overcoming all obstacles ahead.
Fans who can relate can share their thoughts in the comments.