My experience as a loser (Part 1)
I started playing with Bitcoin in 2018. At that time, Bitcoin was worth 10,000 USD and Ethereum was worth about 300 USD.
At the beginning, I was like everyone else, with high leverage, 20x leverage, and I would go all-in every day. I would deposit the money I earned from working into the exchange on time every month.
It’s not that I didn’t make a profit, just like no gambler always loses; I once doubled my money many times in one night, but it was useless. After doubling, I still ended up with a liquidation. I stared at the candlestick chart all the time and didn’t sleep. I used to trust all kinds of teachers and believe in all kinds of gossip. I believed that only a 20x all-in could make me rich and free from wealth. In the end, only your margin rate was insufficient..., and your BTC (ETH, BCH, LTC) was liquidated.
The feeling of liquidation in those years was too profound.
People only learn when they lose money, and only imagine the future when they make money, thinking that they have a good vision. I read all kinds of books in my ignorance. At that time, I naively thought that trading would be like the various knowledge we had learned before, with fixed problem-solving ideas and skills, and as long as I learned it, I could make money. I was impatient and compared various books, looked at the 15-minute candlestick chart, and started to calculate 0.618 and counted which wave it was. It was useless.
In a volatile market, you can always make money by selling high and buying low, but you don’t know when it will end. Sometimes it will go back after a short insertion, and sometimes it will go down and you will be liquidated.
To be continued...
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