姓赵不宣
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✍️ Trading is too difficult, I'm writing to my stubborn self
1️⃣ I only dare to take small positions when chasing higher prices, resulting in small positions becoming heavy positions, and heavy positions turning into "painful positions".
Seeing the coins skyrocketing, my heart races, my mind pulls back and forth:
"Should I chase? How much should I chase? Maybe I should just start with a small position, and add more if it drops..."
So what happens? From never daring to roll over, to increasing my position from an ant-sized investment to a heavy position, yet feeling no thrill, only endless regret.
The signals on the right side are clearly there, but I just can't make the judgment, nor do I dare to go in with a heavy position.
In the end, I realized: those who truly make big money are never the ones who "try the waters with a light position".
2️⃣ My favorite is still bottom fishing; the more I fish, the deeper the bottom
I don't call it bottom fishing; I call it taking hits on the left side.
When I think the price is low enough, I buy a little, then a little more when it drops...
The more I buy, the more it falls, and the more it falls, the more I buy, until my cost is lower than a knockoff and my belief is firmer than faith.
Others say, "knockoffs will eventually go to zero," but I refuse to believe it—because I've already gotten on board.
This is a typical case of "only believing after buying, truly believing after losing".
3️⃣ Not knowing how to cut losses makes you a real "retail investor", not a diamond hand
Many people equate stubbornness with being a "diamond hand", but in reality, it's illogical and cowardly not to face losses.
When it's time to cut losses at 20%, they don't exit, and in the end, they lose 99%.
The chips that can be bought back with 1% of the money are stubbornly defended at a cost of 100 times.
Unless you truly have insider information and are really willing to bet everything on the future, don't use "faith" as an excuse.
From personal experience: $ZKJ went from -50% → +50% → -70% → -95%, and it's still lying in my wallet as a monument.
@PolyhedraZK are you polite???
4️⃣ As soon as leverage is involved, people change
I can still sleep soundly with a $100,000 bet, but with $10 million, I can't sleep at all.
Not eating well, not sleeping well, heart racing.
If the direction is right: this time I want to eat it all!
If the direction is wrong: this time if I break even, I’ll run!
In a volatile market: please, just move a couple of steps in my direction!
So what happens? Leverage can wipe you out faster than spot trading can go to zero, by 100 times.
5️⃣ After being trapped, I love to play hedging, then... can't untie the deadlock
Afraid of a one-way reversal, I simply open both long and short positions, thinking I'm very smart.
Chasing longs when it goes up, chasing shorts when it goes down, transaction fees soaring, net profits negative.
Success is all due to one's own ability; no one can lead you, no one can save you.
1️⃣ I only dare to take small positions when chasing higher prices, resulting in small positions becoming heavy positions, and heavy positions turning into "painful positions".
Seeing the coins skyrocketing, my heart races, my mind pulls back and forth:
"Should I chase? How much should I chase? Maybe I should just start with a small position, and add more if it drops..."
So what happens? From never daring to roll over, to increasing my position from an ant-sized investment to a heavy position, yet feeling no thrill, only endless regret.
The signals on the right side are clearly there, but I just can't make the judgment, nor do I dare to go in with a heavy position.
In the end, I realized: those who truly make big money are never the ones who "try the waters with a light position".
2️⃣ My favorite is still bottom fishing; the more I fish, the deeper the bottom
I don't call it bottom fishing; I call it taking hits on the left side.
When I think the price is low enough, I buy a little, then a little more when it drops...
The more I buy, the more it falls, and the more it falls, the more I buy, until my cost is lower than a knockoff and my belief is firmer than faith.
Others say, "knockoffs will eventually go to zero," but I refuse to believe it—because I've already gotten on board.
This is a typical case of "only believing after buying, truly believing after losing".
3️⃣ Not knowing how to cut losses makes you a real "retail investor", not a diamond hand
Many people equate stubbornness with being a "diamond hand", but in reality, it's illogical and cowardly not to face losses.
When it's time to cut losses at 20%, they don't exit, and in the end, they lose 99%.
The chips that can be bought back with 1% of the money are stubbornly defended at a cost of 100 times.
Unless you truly have insider information and are really willing to bet everything on the future, don't use "faith" as an excuse.
From personal experience: $ZKJ went from -50% → +50% → -70% → -95%, and it's still lying in my wallet as a monument.
@PolyhedraZK are you polite???
4️⃣ As soon as leverage is involved, people change
I can still sleep soundly with a $100,000 bet, but with $10 million, I can't sleep at all.
Not eating well, not sleeping well, heart racing.
If the direction is right: this time I want to eat it all!
If the direction is wrong: this time if I break even, I’ll run!
In a volatile market: please, just move a couple of steps in my direction!
So what happens? Leverage can wipe you out faster than spot trading can go to zero, by 100 times.
5️⃣ After being trapped, I love to play hedging, then... can't untie the deadlock
Afraid of a one-way reversal, I simply open both long and short positions, thinking I'm very smart.
Chasing longs when it goes up, chasing shorts when it goes down, transaction fees soaring, net profits negative.
Success is all due to one's own ability; no one can lead you, no one can save you.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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