College students gamble heavily in the currency circle, owe huge debts and are unable to graduate, and their dreams of getting rich overnight are shattered!
A college student born after 2000 accidentally stepped into the abyss of contract trading under the temptation of the currency circle. At first, with 1,000u of capital, he tasted the benefits of Yubibao financial management. However, greed drove him to gradually increase leverage, short altcoins, and indulge in crazy trading.
In just two months, he seemed to be shrouded in the aura of a novice, easily doubling his winning rate as high as 90%. His inflated mentality caused him to ignore risks, operate with a full position, resist orders, increase positions, and not set a stop loss, step by step toward the edge of danger.
When his friend liquidated his position, he went short by buying the bottom and doubled it again within a week, holding a huge amount of 60,000 U. However, greed reared its ugly head again, and he set the target at 100,000 U and went long with a full position. In the end, during an adventure to resist orders and increase positions, his position was liquidated, and he was back to the starting point overnight, and all his efforts were in vain.
In order to recoup his losses, he sold his mobile phones and computers, took out more loans, and made a desperate move. However, due to the ruthlessness of the market, he eventually cleared all his positions, owed huge debts, and plunged his life into a desperate situation.
During the final exam in college, he was faced with test papers and his mind went blank. Due to his over-indulgence in currency trading, he neglected his studies, failed many courses, and was unable to graduate successfully.
His story gives us a profound warning: in the currency circle, greed and adventure are often accompanied by huge risks. Establishing a correct view of wealth, resisting the temptation of greed, acting within our capabilities, and avoiding the vicious cycle of chasing ups and downs are the principles we should stick to.
In a bull market, we should remain calm and rational, form a high-quality small circle, share experience and strategies, and keep up with market deployment. Whether it is a slow bull stage or sector rotation, we should seize the opportunity, make steady investments, and avoid blindly following the trend and impulsive trading.
Let us learn from the story of this college student, cherish our studies and life, stay away from high-risk behaviors in the currency circle, and pursue steady and sustainable wealth growth.