The charging station is here to have a chat with everyone, let’s talk about my old friends around me.

I saw my friend AC in the crypto circle getting wrecked while scrolling through the plaza. Those who are in our old Weibo group should know that at that time AC was making profits with altcoins for a whole month. I didn’t ask how much profit he made, but he was cashing out every day. Back then, altcoins were generally falling, unlike this year’s altcoin trend which seems to make people question life before they drop. This year’s altcoins have been suspiciously pumped before falling, which is very unfriendly to retail investors who like to hold positions.

Today, I’ll use AC’s post as an example. This is why I often say that ordinary people shouldn’t leave too much money in their accounts, especially in contract accounts. The key to profit taking is that your profits are outside while you have a remaining amount in U inside for trading. Even if you incur losses, the pressure isn’t too much. If you keep a lot of money, there will always be a time when you think about taking chances. Successfully holding positions is a good thing, but I don’t advocate it. If the position holding fails, the consequences can be very scary. Sometimes, for ordinary people, 1000 is a lot of money. For me, when I first entered the market, 1000 was like a mountain.

In picture 2, we have Charles, who is also our old friend. Charles has done a good job at profit taking, but he tends to be impulsive when up. As far as I know, he has recharged back several times after withdrawing profits. I’ve been there too, which is why I use fixed deposits to protect myself. Human nature is like this: when gamblers lose money, they will find all sorts of ways to raise funds. Those who have played baccarat or have been liquidated in contracts should understand this deeply. I know I’m a gambler, but I try to avoid large drawdowns, which is also why I have been saving in fixed deposits. After saving in fixed deposits, my funds have gradually increased. Even if there are drawdowns, I don’t feel much because, as I said above, with profits outside, I am mentally prepared for fixed losses inside. When real losses occur, it doesn’t hurt much.

I am an ordinary person, with both profits and losses, but how I do it has been seen by everyone over the long term. When I make profits, I will withdraw; when I incur losses, I will take a short break. In contract accounts, I accept losses within a certain limit and set stop losses (very crucial, do not let losses expand).

Not enough to type, I’ll chat during the live stream when I have time.