I reviewed the three cryptocurrencies where I suffered the most losses in my entire year of trading, $MYX $COAI $RIVER combined losses exceeded 100,000 dollars.

I will review the trades where I suffered losses and hope it helps everyone.

It can help everyone avoid detours in trading, basically all share a similar essence.

First, there were all short-term surges, a large-scale discussion in the group piqued my interest, so I went to study and tried to touch the top, then the high funding rates plus the persistently high prices led to a direct explosion causing losses, I suffered losses on MYX.

Later, I felt like I had seen too many of these tricks, just following the big players, going long in the middle, enjoying the funding fees, little did I know that when the big player said to jump, I jumped, and in the end, it was still me who got buried, I suffered losses on COAI.

Finally, when I got to RIVER, I admit I underestimated this market. Trading this coin really had me tangled up. I went long at an average price of 29, held it until it hit 30 or so to break even, and shorted it when it was over 40, thinking it would unlock soon. It definitely would pull back and then crash, but later I just stopped out. If I hadn’t stopped out, I would have lost a lot of money. Later, I got a bit confused; going long was eaten up, and going short was also eaten up. I couldn't analyze it well, and it got really intense. I thought it was different, but in fact, all the dog operators are the same. I lost money on RIVER.

Summary:

My summary of my failed trades is that I can't make money beyond my understanding. What seems like an opportunity is actually a trap set by the operators. They're not afraid of you winning; they're afraid you won't play.

And then there's human greed. I admit that I play with this kind of coin just to make quick money. Although I might not feel it while doing it, looking back afterwards, it turns out to be this way.

Every time I first make a few hundred or thousand U, then lose a few thousand or tens of thousands U.

Things don't go well more than three times. This year, I absolutely won't touch the contract of the demon coin, and I'm not thinking about making money from it anymore. Without a clever mind and skills, it's quite comfortable to just make money with Bitcoin!

In fact, after so many years of trading, I can see through my personality from trading, understand myself more and more, and know my shortcomings and insignificance.

If you want to survive in the trading market for a long time, you must learn to go with the trend and never go against it!

Maintain long-term learning, think more, review more, and the more you use your brain, the more flexible it becomes!

I never thought making money was a difficult thing, but keeping the money is really hard!

This is all the wrong path I took when I arrived, but it's also my growth experience. Sharing it is just to hope that my brothers take fewer detours!