Pretty good

I lost 100u while trading MERL yesterday afternoon. It only took about 30 minutes, but the psychological changes were extremely rich.

Here's what happened:
I had been trading ZKJ very steadily for the past few days, and recently it had been hovering around 2u, which is quite stable.
I should have continued trading ZKJ steadily, but today my mindset changed:
I wanted to earn points with less cost.

So I temporarily switched to trading MERL. When I looked at the candlestick chart, it was steadily rising (around 3 PM).
I spent 1000u to buy 7169 MERL.
As soon as I bought it, it started to drop immediately.
1000 became 980.
I felt it was not good; this loss was too big, 20u, which is 10 times my usual loss.
But I still didn't sell.

Next, I just fixed my eyes on the trading interface. I watched as MERL kept fluctuating downwards.
I considered whether to decisively sell, but I kept hesitating, what if it goes back up?
At one point, it really did rise back to 980. At that moment, I should have sold immediately, but I didn't. I thought to myself, let's wait a bit longer, what if it goes back up again?

Then it started to drop all the way down. I refreshed for half an hour and finally sold at 900u. I lost 100u. Looking back, trading Binance Alpha points is basically in a losing state now.

I really learned a lesson today.
I felt that during those 30 minutes of continuous trading, I was no longer myself.
I was completely controlled by an emotion of not wanting to lose, completely losing my rationality.

I didn't seriously observe the candlestick fluctuations.
In the first 10 minutes, it was a slow decline.
After 10 minutes, it was a sharp drop.
During this process, I just watched it fall, seeing my losses grow larger and larger, feeling more anxious, but I couldn't make the decision to accept the loss.

Yes, I just wouldn't accept the loss.
The most profound lesson I learned in those 30 minutes is: if you lose, you have to acknowledge it.
If you don't, it will be like me, dragging on, losing more and more, and becoming uncontrollable.

Let's review:
Firstly, one cannot be too greedy.
Trading ZKJ with stable costs earns points and airdrops, but greed leads to problems.

Secondly, one cannot be both foolish and greedy.
Being completely controlled by emotions, staring at the screen, hoping for a rise, is no different from a gambler.

Avoiding foolishness is easier than becoming smarter!!!