BOUR9999

#币圈的那些年 Two days before the 2021 Black Swan, a friend came to me and said it was easy to make money trading crypto. He asked if I wanted to invest a little and let him handle it. He said it was a sure thing. I was tempted and transferred him $50,000. I told him to let me know if he lost half of it. I figured trading was bound to involve both gains and losses, and thought I could lose up to $25,000 at most.
Over the next few days, I kept checking in with him from time to time, and he always said he was making money. Then, a week later, I opened an account of my own.
I traded ETH on the spot market, buying low and selling high. In a little over half a month, I made around $10,000, and it really did seem easy. So I started buying more and more.
I remember ETH falling steadily from $2,800. When it dropped to around $2,100, I had put almost all my money into it. By then, I was down $50,000 on paper.
I had no idea how much further it would fall. I was new to this and just didn’t feel confident about it. I also needed the money for other things, so I sold everything at around $2,100.
It didn’t seem like such an easy way to make money after all, so I decided to get back the $50,000 I’d invested with him.
At the time, he told me he’d made over $10,000. I said he could keep what he’d earned and just return my $50,000.
He kept putting it off. A week later, after I really pressed him, he finally told me the truth: he’d lost the entire $50,000, along with all of his own money. I was stunned. I said, “How could you possibly have lost it all? Are you lying to me?”
He said, “I was trading futures.” I didn’t even know what futures meant back then, so I looked it up.
I still didn’t believe him, so I asked him to let me log in to his account and check the records.
The transaction history showed that he’d lost all the funds in the account the very next day. For the following month, he kept lying to me. He even borrowed money from me during that time, and I lent it to him. He still hasn’t paid me back. I was such an idiot.

My first one-month stint in crypto ended with a $100,000 loss that drove me out of the market.

#ETH Someone asked why I don’t get out now and buy back in at a lower price.
1- Mainly because I forgot to set a stop-loss at the start.
2- I’ve already missed the stop-loss, so I’ll just ride it out. Lately, there have been constant bull traps.
3- I actually have a rough feeling it’ll get to around 2100, but with trading, things are never perfectly timed. I’ve made my decision and I’m sticking with it. If it drops, I’ll just add more margin through C2C.
4- Anyway, with futures, it’s either high leverage with a tight stop-loss, or low leverage with a wide stop-loss.
In my case, I’ve kept the position size relatively small to begin with. I’m not adding to it anyway. At most, I’ll later convert the margin into spot.

#ETH I’m planning to ride out this ETH drop. Why? Because there’s a 65% chance it’ll rise to 3,800, and a 35% chance it’ll fall to 1,800.

Looking at the market data, as long as it breaks above 2,800, it’ll basically head for 3,800–4,200, since there’s hardly any resistance in between.

On the way down, it’ll run into the strongest support at 2,300. If that breaks, there’s the weekly MA25 support at 2,144. Further down, the 2,000 psychological level might hold it up for a while. That’s three layers of support. Also, before a rally, there’s bound to be a sharp drop to shake out the longs. Last year, the same thing happened when it fell to around 2,100. Will history repeat itself this year?——————————

If it keeps dropping after that, I’ll just have to resort to my last trick: a C2C deposit to restore my faith 😂 All fear comes from not having enough ammo.

Lastly, I hope you all short it hard—the harder you short, the higher it’ll rally. I’m counting on you, brothers and sisters 🙏

#牛来 got liquidated, and now my futures position has been liquidated too. I keep getting liquidated over and over, so now I can only add margin through C2C.

#BNB 5x long on BNB—getting it to 800 and making 20 isn’t asking too much, right? I need to make back on BNB what I lost on Niu Lai spot. #牛来 , hurry up and drop so I can feel like I was right to cut my losses. I sold all my Niu Lai at 0.07455.

#牛来 has already triggered a panic sell-off. I’m out, I’m out.
I was making money at first, but lost on futures, so I bought this to recoup some losses. Later I made back my futures losses, but this thing bled me dry 🥹

#牛来 Damn it, I didn't get out at 0.082. Now I'm stuck. You guys short it—the more people short, the more they'll pump it, and then I can break even 😂

#牛来 is already feeling a little disappointed. Is anyone else still buying the dip?
A lot of KOLs are saying the bull run is coming and the market needs to shake out weak hands. But after looking at the data in the backend, I’ve lost all confidence. This clearly looks like distribution. Here’s a quick analysis of the data.
1—The big players are selling like crazy: Over the past 5 days, cumulative outflows from large orders have exceeded $51 million. There have also been continuous net outflows in one direction over the past 24 hours. The big players are selling, while somehow keeping the market from collapsing right away. Is this what a shakeout looks like?
2—The leverage long/short ratio is terrifying: It has surged to an absurdly high level of 2,000–3,000, which suggests that the market is full of retail traders stubbornly holding leveraged long positions.
3—The technicals keep trending down: The moving averages on the 4-hour chart have formed a bearish cross, and price action is weak and range-bound on declining volume. The previous low of 0.077 could be tested again at any moment.
I’m feeling pretty desperate. I’m even thinking of getting out.

#牛来 Cow got trapped in the range. It feels like this washout technique could trap you for half a year. Can you still hold on?

Got 160 taken profit automatically on this trade.
The position can’t be opened too big, otherwise I really can’t hold it.

I’m hooked—yesterday’s trading volume alone put me straight into the 30D top成交量榜.

#上头了 I thought I wouldn’t get carried away again. I thought I’d become rational. But I was wrong. I got carried away again—lost about 3,000U, and 1,000U of it was lost to trading fees. I kept placing orders in a row—10 trades in total. I only made a profit on one; all the others I either hit stop loss or took out at break-even. In the futures account I had 5,000U, but once it was pushed so far that I couldn’t open any more positions, I transferred another 10,000 to the futures account to open an even bigger position. Then, suddenly, I snapped back to reality. I thought it through: it was only 3,000U, and it wouldn’t really affect anything. I immediately transferred everything out and used it to buy #牛来 spot. I hope it goes up to 1.4, so I can earn back the losses 😂
At the very beginning, I hit stop loss and stopped out with a loss of a few hundred. I wasn’t willing to lose, so I kept adding to my position, opening trade after trade. In the end, I lost nearly 3,000U.
Everyone can get carried away. I hope that after getting carried away, you can also snap back in time—don’t let it affect your life.

#做单要带止损 After playing for so many years, I’ve also started using stop-losses. Today I saw a lot of people on the square who don’t use stop-losses, and they end up taking losses of tens of thousands or even hundreds of thousands at the slightest move. The main reason is that their usual trades only make a few hundred U each, but once they hold and keep holding, they end up taking losses that big, just like I used to.

These past couple of days I keep seeing that green-haired trader in the square, going into his comment section—I'm dying of laughter 😂
Full for a bit, empty for a bit, not even the dog syndicate can catch your tricks

#拿不住的都在天台排队 I’m again unable to hold my position. I don’t know what’s going on. When I’m down, I can keep holding it indefinitely, but as soon as I’m in profit by a bit, I always can’t hold on. Please supervise me: either cut losses, or take profit at 160. If I close early, fine me 100U. This post is proof.

#拿不住永远是穷比 I feel like I’ve run into a very big problem: I can’t hold a position. Every time I make a little profit, I can’t help but want to sell. No matter whether the position size is big or small, it’s the same. If this continues, my mindset will definitely get messed up. From now on, I’m going to train myself: set a take-profit and a stop-loss before placing any order. Either I hit take-profit or I hit stop-loss.
For the next 10 trades, I’m going to execute them according to a systematic plan. Please supervise me. If I violate the trading rules, tell me. And I’ll send you 100U as a thank-you for supervising me.
First trade: SPCXUSDT Stop-loss 145 - Take-profit 160
There are records in the publicly shared trade sessions—please supervise me to ensure I strictly follow through. Please supervise me.

How can I grow to 1000 followers from #1000粉丝 ?

#牛来 is now the best golden opportunity for Niu Lai, with a very good risk-reward ratio—go for it!

#牛来 cow, this is such a big IP—why has it been drifting down all the time? Is it because the vehicles are too heavy, and they want to shake out a batch of people before pushing it back up? If they wash it again, they’ll end up washing everyone out.
It’s shaken my whole mindset too.

The biggest taboo in trading: never watch other people’s live streams, and don’t keep staring at the charts—it will affect your decisions.

That SanDisk trade I made went through (it ran)