If you want to stop losing money, please stop day trading immediately (this is not clickbait)
Because retail investors are essentially a structural scam. This article is a bit long, but if you are willing to give me 120 seconds, I guarantee you will thank me in a few years. I started trading when I was a teenager. I made a lot of money, thinking I was Batman. I also lost even more money, which hurt a lot, and even now I am still fixing the cracks from back then. I've tried all the strategies that retail investors can access. I even seriously day traded for a year, thinking I could finally turn things around, but the result was so miserable that just thinking about it still hurts.
How bad was my PNL at that time? Even my grandmother made more money than I did! And she just followed the method I taught her to automatically invest in Bitcoin.
Follow the big guy to do long-term BTC, holding the position for two days, making a profit of several hundred USD twice. The big guy said there will be further corrections later, so I didn't exit. Later, BTC plummeted close to 80,000, and I couldn't withstand the pressure, so I closed the position.
The end of the contract is liquidation Believing in so-called big shots, losing one's own judgment is sb There are still a few hundred u, the last dance, then retiring from the circle #合约的尽头是爆仓
It's been almost two months since I entered the crypto circle, on November 1st I switched from okx to Binance (principal 3866u) This month's maximum loss, three trades directly lost a quarter of the account, this month's profit has given back 800u, account principal lost 800u
Also met the village chief on the 1st and 8th during the Bitcoin trade, at that time BTC had a floating loss of one or two hundred u, I was very anxious and wanted to wait for it to recover. Just then the village chief was live streaming, I asked him in the stream whether to cut losses, and he told me not to cut losses and not to add positions. Later, I couldn't help but add positions to pull up the price, and in the end, it turned out the village chief was right
At that time, the price kept breaking new lows, and the floating losses kept increasing. My mind was crashing, my hands were shaking, and I thought about the fear of being liquidated when I entered the crypto circle (okx) in October, losing the entire account 1200u (principal 400u) in one go. I couldn't help but keep closing positions in the meantime, and in the end, I lost more than 700. After closing, I finally let out a sigh, losing means I can continue to earn, at least I don't have to bear this kind of pressure
It's been nearly two months in the crypto world, from OKX to Binance in January. The biggest loss this month, three trades directly lost a quarter of my balance, and I recouped 800u this month.
I also met the village chief on the 18th during the Bitcoin trade. At that time, BTC was down by a couple of hundred u. I asked the village chief in the live stream if I should cut losses, and he told me not to cut losses or increase my position. Later, I couldn't help but add to my position.
At that time, the price kept hitting new lows, and my floating losses grew more and more. My mind was in a meltdown, my hands were shaking. I thought of the fear when I first entered the crypto world and was liquidated, losing my entire account of 1200u. I couldn't help but gradually close positions in between, and by the end, I lost over 700. After closing, I sighed in relief. If I lost, I would continue to earn. At least I wouldn't have to bear this kind of pressure.
BTC seems to have dropped again. I'm preparing to add a little to my position at over 80000, but it seems I can't keep records. I will write updates in the comments section later.