On August 22, 2022, I went from 1WCNY to 84WCNY, a full 84 times

On April 25, 2023, I went from 800U to 80,000U, a full 100 times.

I remember that at the beginning of 2021, I saw Musk talking about Dogecoin in the news. I was wondering what this thing was. Later, after searching, I found that it was a virtual currency similar to Bitcoin. At that time, I searched for a platform that could be traded, and then downloaded the exchange to start my trading journey.

I personally admire Musk and his Mars immigration plan. So I spent 5,000 CNY to buy Dogecoin, and then within a few months, it soared to more than 30,000 CNY, so I sold it, but it was still rising. I thought it was unrealistic to continue to rise like this, so I stopped. Then I set my sights on Bitcoin. Yes, I heard about it in the 2010s, but I didn’t know where to buy it. I was too young to understand anything at the time, and I didn’t know there was such a thing as Baidu. In 2021, I joined many groups to see how they bought coins. I accidentally saw them talking about long and short contracts. I didn’t know how to do it at first, so I watched it for a week and played with the simulation disk for a few days, and then the simulation disk returned to zero...

Later, I learned how to adjust leverage and control margin. When I played contracts, I never looked at how much I opened. I looked at how much liquidation would happen. Because of this view, I knew that if the fluctuation was the fluctuation of my liquidation price, then my principal would double, and I gradually became familiar with how to play. At that time, I made nearly 300,000 CNY by blindly buying BTC, and then I encountered 519 to buy the bottom. I didn’t expect that it would hit the pin twice, causing my liquidation. Later, I used the money from e-commerce to free up 10,000 to continue to play contracts, which was basically a small profit.

Later, I saw in a short video a young man named Liang Xi who made 30 million Yuan by rolling positions of several thousand Yuan. I was shocked at that time because I knew how difficult this was. From 5000CNY to 30000CNY I was lucky, and from 30000CNY to 300000CNY I was unlucky "because I only went long at that time". Later I realized that shorting was the big opportunity to make money. Later, I slowly explored the indicators, watched videos on a certain website, and then figured out my own trading system. A year passed, and the funds fluctuated back and forth around tens of thousands.

In August of 2022, ETH fell short from the high point of 2000. Let me tell you how I played it at that time. I remember that the previous fluctuations were very annoying. Suddenly, it went down. I knew that my chance had come and I started rolling my positions. There is a characteristic of my rolling positions. I always wait for it to plummet and then pull back before adding positions because I know how big the risk of a pullback is and it is easy to get liquidated. Gradually, it rolled to 1660. My profit was close to 560,000 and I excitedly told my family that I had made a lot of money. Then I went long in the market with small fluctuations and made more than 800,000 in a row. Then I lost a lot of money by shorting. The rise of Ethereum still caught me off guard. After giving most of the money to my family, I played the remaining 100,000 in batches. I could make 840,000 with 10,000 before.

As long as there is a big trend in the future and the market continues to roll, I think I will definitely get rich. Unfortunately, it backfired. I was seeking death by going short in the market. I lost 70,000. When I shorted for the eighth time around 2100, there was a sharp drop, and it was still the same. I ate it again in less than 10 months. It was a pity that the 1400 knives at that time were reduced to about 800 knives. Otherwise, my profit would have been 140,000 knives, which was about 100 times. Unfortunately, it was only 800 knives. This time, it was more than 70,000 and nearly 80,000. The knife went in and became a little famous in this circle. There were two screen recordings on my Weibo. If you have any doubts, you can check out my screen recordings. To sum up, it has been really good luck for me in the past two years. I happen to like Tesla. It was only after I learned about Musk that I learned about Dogecoin. Now that I think about it, it’s still a dream. In addition, let me give you a sentence, which was also written by a friend I know in the currency circle: In this market, in the end, you still have to fight for your ability. , if you are not capable enough, you will eventually give back what the market gives you. Therefore, when your wealth is higher than your ability, you need to control the drawdown. Although this control is only in vain, because the arrogance and arrogance of profit will eventually destroy a person's rationality, but we don't have to worry about it in the capital market. The situation where one's own wealth is lower than one's own ability occurs because this incompatibility will eventually be corrected by time. If it is not corrected, there is only one reason, and that is one's own lack of ability.