If even top traders go through this, why should we blame ourselves?
Bonk Guy: After losing millions more through overtrading following the October 10 market crash, traders should learn to wait for opportunities
Trader Bonk Guy recounted his trading experience in a post on X, saying that on October 10, 2025, a systemic failure at a major centralized exchange caused him to lose eight figures in dollars within minutes—the biggest single-day loss of his career. He said that over the following weeks and months, his eagerness to recover his losses and prove his trading ability led him to overtrade, costing him several million dollars more.
Bonk Guy noted that trading skills, experience, and a mature trading system are not enough to guarantee consistent profits. Trading performance also depends on market conditions, timing, and luck. Strategies that generate huge returns in a bull market may not work in a bear market. Citing the 2021 rallies in meme coins such as DOGE and SHIB, as well as the surges in tokens like WIF, POPCAT, and FARTCOIN from 2024 to early 2025, he stressed that trading opportunities are often concentrated in specific market phases.
He believes one of the most important skills traders can develop is recognizing when their edge has disappeared. Over a sufficiently long time horizon, it is nearly impossible to consistently outperform the market. So sometimes, stepping away with dignity and waiting for the next opportunity may be the wisest choice.
In conclusion, he said the goal of trading is not to stay active at all times, but to seize opportunities when the market genuinely offers an edge—and to have the discipline to do nothing when it isn’t worth participating. $BNB
Bonk Guy: After losing millions more through overtrading following the October 10 market crash, traders should learn to wait for opportunities
Trader Bonk Guy recounted his trading experience in a post on X, saying that on October 10, 2025, a systemic failure at a major centralized exchange caused him to lose eight figures in dollars within minutes—the biggest single-day loss of his career. He said that over the following weeks and months, his eagerness to recover his losses and prove his trading ability led him to overtrade, costing him several million dollars more.
Bonk Guy noted that trading skills, experience, and a mature trading system are not enough to guarantee consistent profits. Trading performance also depends on market conditions, timing, and luck. Strategies that generate huge returns in a bull market may not work in a bear market. Citing the 2021 rallies in meme coins such as DOGE and SHIB, as well as the surges in tokens like WIF, POPCAT, and FARTCOIN from 2024 to early 2025, he stressed that trading opportunities are often concentrated in specific market phases.
He believes one of the most important skills traders can develop is recognizing when their edge has disappeared. Over a sufficiently long time horizon, it is nearly impossible to consistently outperform the market. So sometimes, stepping away with dignity and waiting for the next opportunity may be the wisest choice.
In conclusion, he said the goal of trading is not to stay active at all times, but to seize opportunities when the market genuinely offers an edge—and to have the discipline to do nothing when it isn’t worth participating. $BNB