Met a guy. Two years ago he bet right on some kind of fork/shady coin and turned 50k USDT into 400k USDT. During that period he was super talkative in the group—every day he’d post screenshots of his returns, saying he was already looking at second-hand apartments in Futian, and even asking which development near a gym would appreciate faster.
Back then he had a habit: whenever he placed an order, he wouldn’t set a stop loss. His exact words were, “If I set a stop loss, it’s easy to get washed out of the trade. I can hold it.” Everyone in the group urged him to lock in a portion of the gains, but he said, “If it goes up another hundred percent, I’ll YOLO and buy a down payment on a place.”
Then that night at around 3 a.m., with zero warning, the market suddenly stabbed down with a single wick. The lowest point precisely hit the liquidation price of all his long positions. With a position worth 400k USDT—plus the principal—within twenty minutes, it was wiped clean to zero. He didn’t sleep at the time. Supposedly he just stared at the screen until dawn, not saying a word.
After that, he never talked about trades in the group again. Last month at a dinner, someone asked him whether he’s still playing. He only said one thing: “Leverage—once you’ve blown up from it, you quit.”
The problem is that those who haven’t blown up yet think they won’t be the next one.
#币圈故事 #risk
Back then he had a habit: whenever he placed an order, he wouldn’t set a stop loss. His exact words were, “If I set a stop loss, it’s easy to get washed out of the trade. I can hold it.” Everyone in the group urged him to lock in a portion of the gains, but he said, “If it goes up another hundred percent, I’ll YOLO and buy a down payment on a place.”
Then that night at around 3 a.m., with zero warning, the market suddenly stabbed down with a single wick. The lowest point precisely hit the liquidation price of all his long positions. With a position worth 400k USDT—plus the principal—within twenty minutes, it was wiped clean to zero. He didn’t sleep at the time. Supposedly he just stared at the screen until dawn, not saying a word.
After that, he never talked about trades in the group again. Last month at a dinner, someone asked him whether he’s still playing. He only said one thing: “Leverage—once you’ve blown up from it, you quit.”
The problem is that those who haven’t blown up yet think they won’t be the next one.
#币圈故事 #risk