MY8Y8
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全部平仓，停止交易，关闭手机，休息几天，冷静冷静，心态放平！
In the last 10 days, I have cut my positions by 1 million, resulting in an account loss of nearly 40%. During this process, I indeed made several mistakes:
- Confused position management
- Confused stop-loss
- Confused breakeven settings
- Confused entry signals
- The most critical issue is that I also made frequent trading and other basic mistakes
The more I lose, the more I get caught up in it, opening more positions when losing. Besides not holding positions and over-leveraging, I basically made all other mistakes, completely falling into a state of "anchoring effect." This is a very scary state, and the main reason why the vast majority of traders suffer continuous large losses is due to becoming puppets controlled by the anchoring effect.
**Solution**
How can we make such an effect disappear quickly? Currently, I know two methods:
1. The simplest method: let the account drop to zero, completely stop trading, and the anchoring effect will disappear directly
2. The second method is to "stop": a completely calm method is to stop trading and allow myself to slowly return to the best state. During this period, I need to continuously learn from past knowledge, especially trading psychology knowledge.
**Current Adjustment Status**
- My trading has basically stopped in the last 2 days, even when I see opportunities, I have also stopped trading
- At this stage, I mainly adjust my state by writing posts, doing live streams, playing basketball, and traveling
- Waiting for specific market conditions that belong to me, reducing the trading frequency to the historical lowest point
- Maintain a "watching and not trading" state: I will not open positions unless there is a major market movement
- Refuse external interference: I remain steadfast when anyone mentions market conditions and analysis
**Thoughts on Trading Discipline**
- Although discipline is very important in trading, "waiting for opportunities" is the most difficult part
- Discipline only needs to restrain human nature, while waiting for opportunities requires resisting market temptations
- The market is ever-changing, and those who watch the market for a long time can easily be led by various market movements
- Most people cannot wait for the right market conditions, which is precisely why it needs to be cultivated.
- Confused position management
- Confused stop-loss
- Confused breakeven settings
- Confused entry signals
- The most critical issue is that I also made frequent trading and other basic mistakes
The more I lose, the more I get caught up in it, opening more positions when losing. Besides not holding positions and over-leveraging, I basically made all other mistakes, completely falling into a state of "anchoring effect." This is a very scary state, and the main reason why the vast majority of traders suffer continuous large losses is due to becoming puppets controlled by the anchoring effect.
**Solution**
How can we make such an effect disappear quickly? Currently, I know two methods:
1. The simplest method: let the account drop to zero, completely stop trading, and the anchoring effect will disappear directly
2. The second method is to "stop": a completely calm method is to stop trading and allow myself to slowly return to the best state. During this period, I need to continuously learn from past knowledge, especially trading psychology knowledge.
**Current Adjustment Status**
- My trading has basically stopped in the last 2 days, even when I see opportunities, I have also stopped trading
- At this stage, I mainly adjust my state by writing posts, doing live streams, playing basketball, and traveling
- Waiting for specific market conditions that belong to me, reducing the trading frequency to the historical lowest point
- Maintain a "watching and not trading" state: I will not open positions unless there is a major market movement
- Refuse external interference: I remain steadfast when anyone mentions market conditions and analysis
**Thoughts on Trading Discipline**
- Although discipline is very important in trading, "waiting for opportunities" is the most difficult part
- Discipline only needs to restrain human nature, while waiting for opportunities requires resisting market temptations
- The market is ever-changing, and those who watch the market for a long time can easily be led by various market movements
- Most people cannot wait for the right market conditions, which is precisely why it needs to be cultivated.
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#Vaulta EOS If this coin grows like BTC over the next 10 years, will I be worth over a billion in 10 years!!! Or it's safer to buy spot, I've lost 100,000 playing contracts, I can't afford more losses. When I buy up, it goes down; when I buy down, it goes up. I operate about 100 times a day, and I've lost most of it in fees. I'm a novice, and my current losses have taught me that I should operate a maximum of 3 times a day. If the market is bad, just give up and stay in cash!!! I must control my hands ✋! And I should never hold losing positions; when I open a position, I must set stop-loss and take-profit! Right now, I'll just play with EOS spot; I won't operate anymore, just leave it like this! EOS has some activities going on now; I can participate in them! This is also a way to earn coins!!
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#Vautla
I lost 400,000 on one contract, how do I adjust my mindset??
1. First, accept the loss, don’t avoid it.
Don’t rush to recover your losses immediately, and don’t fantasize about recovering in one trade. What you need most right now is to stop and not continue to lose.
A loss of 400,000 is already a fact; carrying this emotion into your next trades will only lead you deeper into the vortex of losses.
2. Treat this 400,000 as money spent on experience.
Perhaps you used excessive leverage, went all-in with a large position, added to your position emotionally, didn’t set stop-losses, etc.
These “mistakes” were hard to accept before you lost money, but now they are etched in your mind.
You spent 400,000 to buy a lifetime of trading discipline and risk management awareness.
3. Pause your contracts and switch to “repair mode.”
• First, exit high-leverage contracts to avoid continuing to trade under emotional fluctuations;
• Try switching to a demo account or practice with small positions to regain your judgment;
• If you have other income, rely on that to stabilize your living rhythm;
• Handle the loss in stages, for instance, gradually recover over the next six months through small profits + other income, instead of going all in at once.
4. Give yourself a “turnaround plan.”
For example, if you still have 10,000 in capital, you can set a plan to “double it in six months.”
A daily target of 10% is too aggressive; switch to a low leverage, steady approach, and you can still recover while living comfortably.
#vaula
I lost 400,000 on one contract, how do I adjust my mindset??
1. First, accept the loss, don’t avoid it.
Don’t rush to recover your losses immediately, and don’t fantasize about recovering in one trade. What you need most right now is to stop and not continue to lose.
A loss of 400,000 is already a fact; carrying this emotion into your next trades will only lead you deeper into the vortex of losses.
2. Treat this 400,000 as money spent on experience.
Perhaps you used excessive leverage, went all-in with a large position, added to your position emotionally, didn’t set stop-losses, etc.
These “mistakes” were hard to accept before you lost money, but now they are etched in your mind.
You spent 400,000 to buy a lifetime of trading discipline and risk management awareness.
3. Pause your contracts and switch to “repair mode.”
• First, exit high-leverage contracts to avoid continuing to trade under emotional fluctuations;
• Try switching to a demo account or practice with small positions to regain your judgment;
• If you have other income, rely on that to stabilize your living rhythm;
• Handle the loss in stages, for instance, gradually recover over the next six months through small profits + other income, instead of going all in at once.
4. Give yourself a “turnaround plan.”
For example, if you still have 10,000 in capital, you can set a plan to “double it in six months.”
A daily target of 10% is too aggressive; switch to a low leverage, steady approach, and you can still recover while living comfortably.
#vaula
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I've read most of your posts, and I resonate with them a lot!! What you said is right!! Let's add each other on WeChat.
Whales Go Wild Purchasing 200 Million DOGE, Is the Bull Market Coming?
This Wednesday, the cryptocurrency market was stirred by a piece of news: analyst Ali Martinez revealed that a mysterious giant whale purchased 200 million DOGE in just 14 days, causing traders to erupt in excitement. Despite constant market fluctuations, such large-scale accumulation has investors filled with anticipation for Dogecoin's future, and a price surge may be imminent.
• I. Market Dynamics: Whale Purchasing and Price Resonance. According to on-chain data, from March 11 to 25, whale accounts holding over 1% of DOGE increased their holdings by 200 million DOGE, averaging about $14.3 million in purchases per day. This action is highly synchronized with DOGE's price recovery from $0.15 to $0.19 (a 25% increase), forming a strong pattern of 'increasing volume and price'. Notably, during the whale accumulation period, the DOGE weekly chart showed an increase of 14%, with simultaneous movements in the derivatives market: futures open interest surged 6% to $1.94 billion, and trading volume broke through $4.09 billion, indicating that institutional funds are doubling down on leverage. In terms of market sentiment, the number of active DOGE addresses exceeded 390,000, and the Reddit subreddit gained 1.2 million new members, the highest growth rate since 2021. The community-initiated '1Doge=1Dollar' global graffiti campaign gained phenomenal traction in cities like New York and Tokyo, further heightening FOMO (fear of missing out) sentiment.
• I. Market Dynamics: Whale Purchasing and Price Resonance. According to on-chain data, from March 11 to 25, whale accounts holding over 1% of DOGE increased their holdings by 200 million DOGE, averaging about $14.3 million in purchases per day. This action is highly synchronized with DOGE's price recovery from $0.15 to $0.19 (a 25% increase), forming a strong pattern of 'increasing volume and price'. Notably, during the whale accumulation period, the DOGE weekly chart showed an increase of 14%, with simultaneous movements in the derivatives market: futures open interest surged 6% to $1.94 billion, and trading volume broke through $4.09 billion, indicating that institutional funds are doubling down on leverage. In terms of market sentiment, the number of active DOGE addresses exceeded 390,000, and the Reddit subreddit gained 1.2 million new members, the highest growth rate since 2021. The community-initiated '1Doge=1Dollar' global graffiti campaign gained phenomenal traction in cities like New York and Tokyo, further heightening FOMO (fear of missing out) sentiment.
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I just played for a month, a beginner!! I lost all my savings from years! I followed trades for two or three days and lost 50,000! I've been losing for a month!!!
It has been a month since I joined the crypto world. From being a clueless beginner to now, there are still a few fields of 'chives' between me and being seasoned through numerous pitfalls. I decided to share the pitfalls I've encountered, as I believe I am not the last person to join the crypto world. I hope that future entrants can learn from my experience. After all, earning 100 USDT is not easy, but losing 100 USDT only requires a few seconds of thought.
Previously, I had never engaged in the stock market or any other trading. After hearing too much information about the crypto world, I developed FOMO (fear of missing out on profits). The first platform I used was Binance, which, for a beginner, has a really complicated interface. After fiddling around for half a day, I saw the copy trading interface. Looking at those numbers with profit rates in the hundreds, I thought that as a beginner, I could follow the experts and learn along the way. So, I cautiously and repeatedly selected a copy trading teacher with a seven-day profit rate over a thousand, and invested my funds into it. Later, I thought I should reduce the risk, so I found a few more teachers with high win rates and split all my money into three or four portions to follow their trades. Watching these teachers operate with leverage above 75X, I thought this was how the crypto game was played. Watching my money increase rapidly made me feel life was beautiful.
As such, the money in the copy trading contracts went up and down, and I was almost constantly looking at my phone. Suddenly, the money that was originally profitable began to incur losses. However, blind faith in the copy trading teacher and the belief that losses were just temporary led to a naive perspective. In less than seven days, all the trades I followed were forcibly closed one after another. During these seven days, I couldn't sleep well; I fantasized about making money, and my heart raced when I was losing money. The moment it ended felt really painful.
After that, I deposited more funds, but this time I believed that I needed to master the technology myself. So, I started learning about technical indicators, looking for videos, and joining groups. At that time, there was a master trader in the group who helped everyone earn a lot of money, and I was tempted again, thinking I could learn while having the master guide me. Then, based on what I learned, I observed the master’s positions and began copy trading again. This time, in less than two days, I lost everything again...
Later, my inherent gambler's mentality emerged (a human nature that's hard to resist). Plus, this master confidently stated that he was serious about trading this time, I chose to believe him once more. This time, in less than 24 hours, I lost everything again...
Previously, I had never engaged in the stock market or any other trading. After hearing too much information about the crypto world, I developed FOMO (fear of missing out on profits). The first platform I used was Binance, which, for a beginner, has a really complicated interface. After fiddling around for half a day, I saw the copy trading interface. Looking at those numbers with profit rates in the hundreds, I thought that as a beginner, I could follow the experts and learn along the way. So, I cautiously and repeatedly selected a copy trading teacher with a seven-day profit rate over a thousand, and invested my funds into it. Later, I thought I should reduce the risk, so I found a few more teachers with high win rates and split all my money into three or four portions to follow their trades. Watching these teachers operate with leverage above 75X, I thought this was how the crypto game was played. Watching my money increase rapidly made me feel life was beautiful.
As such, the money in the copy trading contracts went up and down, and I was almost constantly looking at my phone. Suddenly, the money that was originally profitable began to incur losses. However, blind faith in the copy trading teacher and the belief that losses were just temporary led to a naive perspective. In less than seven days, all the trades I followed were forcibly closed one after another. During these seven days, I couldn't sleep well; I fantasized about making money, and my heart raced when I was losing money. The moment it ended felt really painful.
After that, I deposited more funds, but this time I believed that I needed to master the technology myself. So, I started learning about technical indicators, looking for videos, and joining groups. At that time, there was a master trader in the group who helped everyone earn a lot of money, and I was tempted again, thinking I could learn while having the master guide me. Then, based on what I learned, I observed the master’s positions and began copy trading again. This time, in less than two days, I lost everything again...
Later, my inherent gambler's mentality emerged (a human nature that's hard to resist). Plus, this master confidently stated that he was serious about trading this time, I chose to believe him once more. This time, in less than 24 hours, I lost everything again...
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My Achievements!
Continued to sell high, holding a view of 85000. After hitting a loss on the short at 87000 yesterday, I continued to short at 88300 and took the hit.
Pay attention so as not to lose your way. I have been navigating the market for many years, well aware of the opportunities and traps within. If your investments are not going smoothly and you feel unwilling about the losses, comment 111🚗
$BTC $ETH
Pay attention so as not to lose your way. I have been navigating the market for many years, well aware of the opportunities and traps within. If your investments are not going smoothly and you feel unwilling about the losses, comment 111🚗
$BTC $ETH
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👍This is real technology!!!
There is a very foolish way to trade cryptocurrencies, but this method can almost eat away all the profits, so learn slowly. First, when trading cryptocurrencies, we should never do three things.
The first thing is to never buy when prices are rising; be greedy when others are fearful and fearful when others are greedy. You should develop the habit of buying when prices are falling.
The second is to never place large orders.
The third is to never go all-in; being all-in makes you very passive, and this market is not short of opportunities. The opportunity cost of being all-in can be very high.
Now let's talk about the six principles of short-term cryptocurrency trading.
The first is that after the price consolidates at a high level, there will usually be a new high. Conversely, after it consolidates at a low level, it often reaches a new low again. So wait until the direction of the market change is clear before taking action.
The second is to avoid trading during sideways markets. Most people lose money trading cryptocurrencies because they can't adhere to this simplest of rules.
The third is that when choosing candlesticks, buy when a bearish candle appears and sell when a bullish candle appears.
The fourth is that when the downtrend slows, the rebound is also slow; when the downtrend accelerates, the rebound speeds up.
The fifth is to build positions using the pyramid buying method; this is the only unchanging principle of value investing.
The sixth is that when a cryptocurrency continues to rise, after a sustained decline, it will inevitably enter a sideways state. At this time, there is no need to sell everything at high prices, nor is it necessary to go all-in at low prices. Because after consolidation, the market will face a change. If the market changes downward from a high level, you need to clear your positions promptly; in short, you must act in a timely manner.
Follow for more insights; I have navigated the market for many years and deeply understand its opportunities and pitfalls. If your investments are not going well and you're feeling reluctant about your losses, comment 111🚗
$BTC $ETH
The first thing is to never buy when prices are rising; be greedy when others are fearful and fearful when others are greedy. You should develop the habit of buying when prices are falling.
The second is to never place large orders.
The third is to never go all-in; being all-in makes you very passive, and this market is not short of opportunities. The opportunity cost of being all-in can be very high.
Now let's talk about the six principles of short-term cryptocurrency trading.
The first is that after the price consolidates at a high level, there will usually be a new high. Conversely, after it consolidates at a low level, it often reaches a new low again. So wait until the direction of the market change is clear before taking action.
The second is to avoid trading during sideways markets. Most people lose money trading cryptocurrencies because they can't adhere to this simplest of rules.
The third is that when choosing candlesticks, buy when a bearish candle appears and sell when a bullish candle appears.
The fourth is that when the downtrend slows, the rebound is also slow; when the downtrend accelerates, the rebound speeds up.
The fifth is to build positions using the pyramid buying method; this is the only unchanging principle of value investing.
The sixth is that when a cryptocurrency continues to rise, after a sustained decline, it will inevitably enter a sideways state. At this time, there is no need to sell everything at high prices, nor is it necessary to go all-in at low prices. Because after consolidation, the market will face a change. If the market changes downward from a high level, you need to clear your positions promptly; in short, you must act in a timely manner.
Follow for more insights; I have navigated the market for many years and deeply understand its opportunities and pitfalls. If your investments are not going well and you're feeling reluctant about your losses, comment 111🚗
$BTC $ETH
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Latest battle situation!! 1 U will be lost!!!
Can you still believe it will make money??? I am just an example!!!
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Can you still believe it will make money??? I am just an example!!!
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The beginning is very similar to my experience!! In the end, I lost 10,000 USDT, and the transaction fees cost me 7,000 USDT!! Now I'm working hard with my own hands to pay off my debts!!! I don't even dare to tell my wife!!!
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10,000 U Transaction fee eats my 7,000 U, what else can I play with!!!
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It's no different from a scam.
10,000 U trading fees eat up 7,000 U, what’s the point of playing!!!
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