Another chain tragedy caused by heavy positions and fear of stop-losses!❗
MAGIC is showing a clear upward trend. I had previously been trading with light positions, but later firmly believed that it wasn't done rising. Since I couldn't earn much with light positions, I impulsively opened a 500U long position. After entering, it fluctuated without rising. I thought it wouldn't drop further and added another 500U. At that time, I had 87U left and opened a 1000U long position. A slight pullback scared me into a stop-loss.
The subsequent two short positions were opened randomly. In one night, I lost over thirty. One position lost 20U, and I completely lost my clarity. I thought about using heavy positions to short and make it back, but after entering, it barely dipped and continued to rise, leading to further fear and stop-losses 😓. In fact, not losing could still mean making a profit; long positions can be profitable without losses, and short positions can also be profitable without losses.
Sigh❗ It's the beginning of the month again, and it's the weekend. My feelings are complicated, and my mind is in a state of chaos. Just yesterday, I received a text from Paipai Financial saying they would sue me. I don't even know if they really intend to sue; I've exceeded 1030 yuan.
Balance: 19.07 U, it's so difficult 🤣, losing 1 U is a huge amount❗ Today's position is much smaller than a few days ago; heavily loaded positions can't withstand volatility. After two stop losses, the principal is gone, so I was always making small profits and then losing it all in the past few days.
Starting with 13.12U, keep pushing and charging forward✊🏻
I took a nap, and only one person added me, not because they wanted to help me, but because they were seeking help themselves😓; I didn’t borrow a single cent, I already guessed this result, it’s okay, I can do it, I still have 13.12U
Someone in the group said I can't achieve stable profits, lending to me is just a loss for them. I only need a maximum of 500 as capital, if I can eat two meals a day, I wouldn't need to borrow at all. Are they waiting for me to achieve stable profits and earn more before helping me? By then, I won't need it anymore
Most people in the chat room are just onlookers, enjoying the spectacle and the jokes, distorting facts, causing trouble, playing with emotions, exaggerating to say that I've lost over ten million. I've never seen that much money; where does ten million come from? In the past few days, I’ve faced liquidation over a dozen times, but the total loss is only a little over 700. Considering profit sharing, the total loss is only a little over 200. Can one really lose ten million by following trades❓ That's just ridiculous
I feel that posting in the square and adding groups really has no significant meaning. Reading too many comments and group messages only affects your mindset and has no practical significance. It's better to turn off the square and the group and focus on doing the trading well
"In this world, no one can help you, not even your parents; the only hope relies on yourself; and more often, it's you who needs to help others." This is my deepest realization in times of difficulty. I believe I can do it, I will definitely make it✊🏻✊🏻
I see no hope, I don't want to persist anymore, I'm exhausted, very tired, maybe I'm really not suited for trading.
Last night my account balance was only $13, this morning I made it to $80, anxious to profit yet afraid of losing, both trades went against me and I lost it all back.
Since the 18th, when I couldn't pay back the bank loan. Since the 19th, when I was anxious to profit and heavily invested, I started losing, and from there it has been a continuous loss, to the point where I can't stop.
On the 20th, I started with $10, and in two days I made it to $600, but then heavily invested and lost it all in minutes.
On the 23rd, I started with $100, and in two days I made it to $500, but again, heavily invested and lost it all in minutes.
On the 24th, I continued starting with $100, and in two days made it to $460, but then I heavily invested again and lost all three trades.
On the 26th, I continued with a $100 deposit, and yesterday morning I made it to $280, but still ended up losing it all.
On the 27th, I recharged $50 and continued, last night I lost down to $13, stayed up all night and made it to $80, but this morning I still lost it all.
I can't even remember how many times I've blown up in these past few days, from making over $300 on the 19th to now having an overall loss of over $600. I've exhausted all the funds I could access, and the main issue is my mindset. Since the 18th, after repaying $27,000 in bank loans, it's just like I'm going crazy.
How much money do you need to prepare for full-time trading?❓
Answer: 10U is enough, you only need 10U to trade full-time; it's not that I don't want to top up, I really can't afford it, exploded twice in one day 🤣
After staying up all night, I finally managed to grow the remaining 60U to 170U, but hesitated on the last two orders to cut losses, went all in again, hesitated on taking profits, and then it crashed.
Doubling your returns in a day, isn't that an easy thing to do❓
Starting with 100U, balance 447.16U, small funds rely on speculation while large funds rely on stability. When I roll to 3000U, I will definitely play slowly; with a light position, I can almost profit every day. The risk comes from heavy positions and high leverage.
Newbies die from chasing highs, veterans die from bottom-fishing, and experts often die from high leverage and heavy positions. This market rewards those who are calm and composed with the money of those who are anxious and restless. Those who are anxious and eager for profits die quickly.
There are no shortcuts on the trading path; every pit must be stepped on several times.
Last night's trades didn't go well, feeling off so I took a break. Now reviewing yesterday's trading records, overall capital has more than doubled.
From a balance of 173.67U in the morning to 381.67U now, the daily profit has exceeded two hundred. Yesterday is behind us, I hope to continue this today; being stable at 200U/day would be enough for me.
Starting from 100U, a real account challenge with a small goal..
Balance 336.73U, after a few hours of fussing around, I'm still down 6U from today's highest point 😓. Today's trades were a bit confusing; the long position on NEWT was initially profitable by 20U, but I didn't take the profit and ended up with a stop loss of 65U ❗. The short position that was originally 70U in profit also wasn't closed, and I ended up losing 13U on a rebound ❗
I continue to look for short opportunities, but now I'm hesitant to short; every drop makes me regret not entering, and I couldn't hold my heavy short position.
For SYRUP, I kept looking for short opportunities but couldn't hold them because it wasn't dropping directly; when I held it, it wouldn't drop, and it kept oscillating, causing me to hit my stop loss while it continued to drop. Because my position size was too heavy, I couldn’t hold it and kept missing good entry points.
The hardest part of consistently making profits is controlling one’s desires; I always want to heavily invest to seize opportunities, but when I take small profits too early, I regret it; when I hold heavy positions, I can't maintain them, and I kick myself for missing the right moments. If I see a good opportunity but do the wrong thing, I regret it; if I see a good opportunity and do the right thing, I still end up hitting stop losses, and I continue to regret it 🦵. Do you want to double your position in a second? Not possible; it will only lead to liquidation in a second 🤣.
Perhaps enlightenment is about calming down; even small profits can lead to contentment, accepting gains with ease and losses with indifference 🙏🏻.
Bored brothers can join the chat room to chat nonsense; regardless of how trading turns out, I won't close the trading signals; the chat room will always be open.
I've been so busy placing orders that I didn't even notice the profits and losses from copy trading. I lost so much last night, it felt like the copy trading was all exposed, but I didn't expect there to be so many in a profit state 🤣, what's going on?
Starting with 100U, a real trading challenge with a small goal..
Balance 263.13U, no liquidation yesterday, but it was worse than liquidation, losing over a thousand in one night, with almost seven hundred lost due to stop-losses, yesterday's highest balance was 550U, now 260U, overall still down 290U.
The chaotic trades above lost nearly seven hundred; if it weren't for those, it would have been a normal profit of three to four hundred. 🤣 Unfortunately, there's no 'if'! ❗
Moving forward, I need to quickly correct the habit of making chaotic trades above.
I really think I should see a doctor to check if there's something wrong with my brain❓
My mind is too chaotic, I have random thoughts, I want to take small positions to scrape profits, but I also want to take heavy positions for super short-term bets, and I want to take heavy positions to capitalize on trends for big profits; I've summarized so much, I understand the principles, yet I still want to make money quickly. I have good trading strategies, but I just don't want to seek stability slowly.
Today my balance reached a maximum of 550U. I kept opening trades like crazy: From 550 down to 370 down to 100. From 100 up to 270 up to 390. From 390 down to 170 down to 80. From 80 up to 110 up to 190 up to 320. From 320 down to 150 down to 100. From 100 up to 170 up to 190 up to 228.
Current balance 228.15U. 😓 Just enjoy the show, don’t mess with my mindset; I don’t know if I can make it in the future, but I know that by following trades now, there’s a high probability of losing❗
Starting at 100U, a real challenge for a small goal..
Balance 515.74U, a trade yesterday exploded to 580U, recharged 100U to start again, equivalent to a cost of 680U, in less than a day, it's almost back, still short 160U
If only there wasn't a large drawdown close to liquidation, wouldn't stable profits be very easy?🤣
Starting with 100U, a small goal for a real account challenge..
Balance 419.58U, no more trading, feeling unwell, taking a break, stayed up all night, my mind is a bit sluggish right now, just chased SPK at a high, thought it could break a new high, made a profit of 30U but didn’t close the position, when I thought about stopping loss at breakeven, I hesitated.
Once it broke the support level, I felt there was no hope for an uptrend, lost 36U, and took a short position on the next wave, but I’m too tired to hold, after closing I felt it could drop further, chased it again thinking it could still fall, forget it 😓
The market is full of opportunities, let’s leave it at that for now❗
Starting with 100U, a real challenge for a small goal..
Profit -109.44U, balance 385.05U, it's so hard 😓, my head hurts, I lost 580U on one trade yesterday in just a few minutes, and I haven't made it back after staying up all night 😭
What is this, how can it drop like this? A single trade wiped out two days of profit, sigh❗
I had six hundred in profit for two days and barely enjoyed it for a few minutes, and now it's all gone. The risk is truly everywhere; I can't afford the slightest carelessness. What is there to play with now? I have to start again from 10U 😓