Brothers, hello everyone, I am trader Zhu Yidan. At Binance Square, on July 14th at 8 PM, there will be a live broadcast (Chatting! Binance 8th Anniversary Special - 8 Big Names Waiting for You to Connect) sharing your sweet and bitter experiences in the crypto world.
As a new player who entered the market in 2022, I feel that I have not experienced the good days of making money effortlessly. The altcoin market feels like hell. Looking back, I am a bit surprised that I am still alive in this market and living increasingly well.
The most impactful events for me were these three times. The first was holding a long position for 4 months. I had just added margin in the morning, and in the afternoon, the market plunged. If I hadn't added that margin, I would have been liquidated at the lowest point, and then the market started a continuous rise for many days. In the end, not only did I recoup my losses, but I also made a big profit.
The second time was a strange twist of fate when I opened a short position to lock in profits. Those who know me understand that I rarely open short positions for locking. The next day, the market plummeted. That time, altcoins dropped by as much as fifty percent in just a few hours, the highest single-day drop I've ever seen. As a result, I not only didn’t lose money but also closed the short position at a relatively low point and made a rebound profit of 200,000-300,000, a difference of one million between the loss and gain.
This year, I was trapped by spot SOLV, losing nearly one million. Why do I say I am lucky despite losing money? Because being trapped in spot left me with the last ember, about 200,000-300,000. During the period of being trapped, altcoins continued to plummet. If I had followed my previous strategy of doubling contracts, I would have lost much more. By a twist of fate, I managed to survive and started a big rebound from the lowest point on April 7.
In these 3 years, facing the gains and losses of money and the changes in the market, I have not enjoyed peace of mind. I basically fall asleep around 1-2 AM and wake up at 7-8 AM, waking up twice in between. I open Binance with blurry eyes to check the market. When I have positions, I'm afraid of a big drop and liquidation; when I have no positions, I'm afraid of missing out on a big rise. The pressure in my heart is really great.
This is the 6th time I have turned 200,000-300,000 into 1.4-1.5 million. In the past, I would have thought it was my strength, but after 2-3 years of experience, I dare not have such arrogant thoughts anymore. When luck comes, heaven and earth work together; when luck goes, heroes are not free. The times I made money were all during brief bullish rebounds, and timing is incredibly important, even one of the most crucial skills.
In this circle, I am very fortunate to have met many benefactors who take great care of me, providing me with traffic and resources without asking for anything in return. I hope everyone can achieve the results they desire, and we can meet at the peak. I am grateful!
Finally, I wish Binance all the best!