Well written, I have also experienced the feeling of heart-stopping.
When I was 22, my method for trading contracts was very simple, based on positive news and valuation systems.
What sets me apart from others is my ability to calculate valuations, especially for DeFi projects.
By combining news and data, I can quickly make judgments.
I leverage to gain returns from valuation regression.
I don't know what a market maker is, nor have I analyzed potential opposing positions, nor have I thought about what the exit strategy is.
Path dependence makes me more accepting of the value system.
I can see the risks of $luma, but I don't know when it will explode.
There are some coins whose ZP I can't see, not based on the token system.
I opened the trading software and saw a loss of -$20,000, and my heart tightened slightly.
I just stared at my phone, watching the numbers fluctuate little by little.
It was too torturous; I thought maybe playing a game would help?
-28000
I couldn't calm down, there was no rebound.
Should I bet on a rebound to minimize losses, or was it just a whim? I added a bit more to my position.
I added three times, seemingly without reason.
I didn't dare to add more; I just stared at it, lying in bed.
The network lagged, so I kept scrolling down.
The losses increased, and I felt my heart tighten a little more with each loss.
At 3 AM, I wanted to call someone, but couldn't find anyone; it felt like a cry for help.
It was a feeling of wanting to hit myself for the anger and helplessness of not being able to turn back time.
I also had the impulse to yell at @cz_binance to return my money.
I was liquidated at 47k, lying in bed unable to close my eyes.
I was alone, with no one, no way out.
In the end, I could only reconcile with myself.
Now I see some friends often asking: "Have you left? What do you see?"
I can only say to look at the data and expectations.
If the actual results do not match expectations, there must be some information I overlooked.
Contracts do not guarantee victory; if it meets expectations, you should earn, and if not, that's also normal.
Use a slightly deeper win rate than others combined with position size to earn that little bit of money.
Like a machine, devoid of inner feelings.
I started it with a small amount of money.
The core of the problem that the vast majority of small funds like me are not able to do transactions is not that they can't do trading, not that they can't read the market and place orders, but that they can't overcome their inner fears.
As long as the bill involves your own money, especially the money that affects your basic life, once you lose money, you will be uncomfortable to die, and you will want to make money and run away as soon as you make a floating profit. This is not trading with the market at all, but being led by the nose by his own principal.
I have a hurdle of 200,000, and I'm talking about RMB. My goal at the beginning was to get a car by trading, either a model3 or a Xpeng P7, but I didn't get a driver's license at that time, so I wanted to earn a nice car.
And then I did 20w+ I can't go up, people are very cheap, I think this money is enough for me to save for five years, it's already very good, get a car and stop it. On the other hand, I thought that as long as I doubled, wouldn't I have both a car and a 20w principal?
And then always die on this hurdle. On the way from more than 200,000 to 400,000, he died countless times. When I lost a little, I panicked and took the money as my actual principal. And then the more you lose, the more you lose, the more you want to turn over, and you take on debt to trade, you're just a fucking pure gambler.
The rest of his trading career has been carrying debts, even if he does five or six hundred thousand, the debts have not been paid off, until last year on the way to 100w, and slowly repaid all the online loan credit card white slips or something. Then the debt is cleared, and then all the psychological burden is thrown away, 200-300-500-800-600-500-900-1000-1500w, even if there is a drawdown halfway, the return will be a new high in less than a week. The mentality has changed, and I only need to pay attention to the market itself, and open my trading ceiling.
I don't think the ceiling of trading ability lies in trading skills at all. Now it's almost natural. I feel that trading is just trading mentality, trading personality, and trading logic.
I've basically never opened an order at any absolute top-bottom, but in the long run I can just make money.
Everyone has a hurdle, and most people just can't go up when a certain amount of money stagnates.
I do it with small funds, and I do all the mainstream hot copycat memes with small market capitalization. Do you still think I'm doing it now? At most, doge's single position is 1000wu. Now the big positions are all around the flatbread ether.
When you get to what amount of funds, you have to do something, and it is no longer suitable for me to take the current funds to short-term and fast-out in and out of the day, so I have to change my thinking into a 1H-4H-12H level band. Many people are still playing with small market value and copycats when their funds come up, and they must have to learn a lesson. When a small amount of money grows bigger, you have to adjust your own operation cycle.
That's all.
This resonates with many people.
But resonance and repetition are two different things.
I hope you can calm your mind and ask yourself.
52.97K
113
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.