$ETH How much profit is enough, really? This dude started with a 120k USDT bankroll and by March 10, 2024, he racked up a profit of 9999900.44 USDT, which converts to 68499318.01 CNY at a rate of 6.85! 68.49 million in RMB!
He thought he was some kind of betting god, convinced he had found the holy grail, thinking the more capital he had, the more confident he’d be! He was aiming for a stable return of 20-30% a year with such a big bankroll! But unfortunately, he was too idealistic, couldn’t stand the thought of losses, and after losing, he wanted to recoup it all. Luck stopped being on his side, and now he’s wiped out all his profits, ending up with a loss of 7340579 USDT, which is 50282966.15 CNY! Now he’s sold his house, sold his car, and is drowning in debt!
Looking at his recent positions, he’s still trading, winning and losing a few dozen or a few hundred USDT!
Many might think he’s an idiot, thinking that if they made a few million, they’d just quit for good. To think like that, you just don’t understand human nature! Back in 2021, I started with a few thousand and made over 4 million, only to lose it all in the end!
Just like many people in debt say, "Once I get back what I lost, once I get on my feet, I’ll quit gambling!"
As someone who's gambled for over a decade and has gone through three rounds of being deep in debt and three times getting back on track, hearing those words is just laughable. They just don’t get it! If you can’t quit after losing, how can you expect the winners to quit or play small?
Across the globe, whether in financial markets or casinos, there are countless retail traders who’ve won millions, tens of millions, or even hundreds of millions. Who can completely walk away? The threshold just keeps getting higher!
Once you dive into contracts, it’s like the ocean!
Everyone thinks they’re different, that they can take their profits and walk away, that they can control themselves. We’re all too idealistic!
Greed and fear, the aversion to losses, the gambler's fallacy!
People only reflect after losing a lot, only wake up after a liquidation!
Time and again, they heal their scars but forget the pain! A dog can’t stop eating shit!
Winning leads to greed, losing leads to resentment!
It’s a vicious cycle!
He thought he was some kind of betting god, convinced he had found the holy grail, thinking the more capital he had, the more confident he’d be! He was aiming for a stable return of 20-30% a year with such a big bankroll! But unfortunately, he was too idealistic, couldn’t stand the thought of losses, and after losing, he wanted to recoup it all. Luck stopped being on his side, and now he’s wiped out all his profits, ending up with a loss of 7340579 USDT, which is 50282966.15 CNY! Now he’s sold his house, sold his car, and is drowning in debt!
Looking at his recent positions, he’s still trading, winning and losing a few dozen or a few hundred USDT!
Many might think he’s an idiot, thinking that if they made a few million, they’d just quit for good. To think like that, you just don’t understand human nature! Back in 2021, I started with a few thousand and made over 4 million, only to lose it all in the end!
Just like many people in debt say, "Once I get back what I lost, once I get on my feet, I’ll quit gambling!"
As someone who's gambled for over a decade and has gone through three rounds of being deep in debt and three times getting back on track, hearing those words is just laughable. They just don’t get it! If you can’t quit after losing, how can you expect the winners to quit or play small?
Across the globe, whether in financial markets or casinos, there are countless retail traders who’ve won millions, tens of millions, or even hundreds of millions. Who can completely walk away? The threshold just keeps getting higher!
Once you dive into contracts, it’s like the ocean!
Everyone thinks they’re different, that they can take their profits and walk away, that they can control themselves. We’re all too idealistic!
Greed and fear, the aversion to losses, the gambler's fallacy!
People only reflect after losing a lot, only wake up after a liquidation!
Time and again, they heal their scars but forget the pain! A dog can’t stop eating shit!
Winning leads to greed, losing leads to resentment!
It’s a vicious cycle!