Under the fantasy of sudden wealth, there are countless accounts going to zero.
The first time I met A Niao, he was glowing with excitement, holding a wine glass and passionately discussing his trading achievements: "I just opened a long position, currently up 10,000 U!" His words were filled with confidence, as if he had the entire crypto market in his grasp. At that moment, he believed that as long as he seized this opportunity, financial freedom was just around the corner.
Less than twenty-four hours later, the market suddenly plummeted, and a wave of crashes wiped out his positions. His exchange account balance went to zero, and the smile on A Niao's face also disappeared.
"I fucking love it!" This was his later response to the question of "Do you love trading?"
Emotional meat grinder: the real cost of trading
What is the essence of contract trading? Behind the glamorous candlestick charts, it is an unadulterated emotional meat grinder. When you gaze into the abyss, the abyss also gazes back at you—and most traders are ultimately consumed by it.
Greed leads people to open positions without thinking, while fear makes them make frequent mistakes. When asked about their reasons for opening positions, most people's answers are absurdly ridiculous: 'I feel it will rise' is enough to go long, while 'it's risen too high' becomes the reason to go short. This kind of reckless decision-making inevitably turns trading into gambling.
Data shows that the average trading lifespan of contract users is only six months. After six months, those who have not systematically learned will face one of two outcomes: either they end up in significant debt through online loans, or they completely leave this market.
The cycle of self-deception: when traders begin to 'learn'
Ironically, only when trapped do most people start to 'study seriously.'
Those who originally didn't read white papers suddenly start researching project technology; those who never paid attention to macro issues begin to stay up late analyzing Federal Reserve policies. The purpose of all this is merely to find psychological comfort for their unwillingness to cut losses.
In the middle of the night, you wake up repeatedly, and the first thing you do is check the loss situation. This cyclical emotional hell often starts with just a simple thought: 'I just want to earn a little bit.'
Breaking the deadlock: the transformation from gambler to trader
How can one break free from this cycle? The answer is to shift from being driven by emotions to being constrained by discipline.
Make a plan and execute it strictly. Before trading, clarify your entry point, stop-loss point, and target level, then execute like a robot. The market will not change because of your prayers, but discipline can help you survive in volatility.
Managing positions is managing mentality. Never invest funds that you cannot afford to lose. With a light position, your decision-making will be more rational.
Reject the trap of perfectionism. Don't try to buy at the lowest point and sell at the highest point—just catching the most certain 'body of the fish' in the trend is enough. Those who greedily want to eat the whole fish often end up not even getting the tail.
Accepting losses is part of trading. Professional traders do not seek to profit from every trade; they focus on whether they strictly follow the rules. After a loss, do not rush to 'make up for it', but should calmly summarize and wait for the next real opportunity.
Conclusion: The essence of trading is the game of human nature
Ultimately, the success or failure of trading is not closely related to technical analysis, but is closely tied to human nature. In this market filled with temptation and danger, it's often not the smartest who survive, but those who are most disciplined and best manage greed and fear.
Before you press the trading button next time, ask yourself: Are you controlling the trade, or is the trade controlling you?
True traders are not slaves to their emotions but followers of discipline. In a market where most people are reduced to mere profits, be one of the few who can take away profits.
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