⁃ Investment losses —> due to limited knowledge and lack of experience.
⁃ Making mistakes ruins things —> due to your own mistakes.
⁃ Being deceived by others —> due to your own lack of understanding.
⁃ Breaking the rules and getting caught —> due to your own mistakes.
⁃ Following the rules and getting caught for extortion —> due to limited knowledge leading to self-harm.
These days, the market has adjusted and then rapidly increased, causing many people to get liquidated, have their accounts burned, or incur heavy losses. I browse everywhere and see heartfelt inquiries about the 18 generations of MM and the coins that have caused them to lose money.
Some say it's due to bad drivers, others say it's because the exchange intentionally takes customers' money, and some even curse the coins they bought. I really don't know if the exchange or MM holds a knife to their necks, forcing them to deposit money and place orders. When they make money, they shout about how some traders deceive them. When they lose money, they curse their ancestors from CZ to the coin, and even argue with others about their opinions.
People of this type, I must say bluntly, will never get better. They will never escape the lower classes of society. Even if one day they earn a lot, a lot, a lot of money, their nature will remain the same, and in the end, they will return to being broke. There are too many examples in real life of lottery winners who end up penniless. In my own family, there are people who received tens of billions in compensation and are now in debt to the bank for several billion, having mortgaged everything and losing everything in business and investment. But they still only think that it's "not their time yet" instead of acknowledging their own lack of knowledge.
Throughout history, no one has succeeded by blaming others. A person who does not dare or does not know how to take responsibility for their actions cannot achieve great things or accomplish significant work. When faced with problems, they avoid them; when things go wrong, they blame others. Can someone like this ever succeed?
You incur losses because you bought incorrectly. You incur losses because you FOMO. You incur losses because you used high leverage. You burned your account because you did not set a stop-loss. It is all your fault, not because of any exchange or MM here. Even if there is manipulation or price pushing, it is still your fault. It is because you wanted to make quick money, because you lack knowledge and were deceived by news. It is because you lack discipline, did not set a stop-loss, and did not cut losses when necessary, leading to account burning.
Everything, everything is due to you. People often say, "Bitter medicine cures illness, the truth hurts feelings." Not everyone can bear the "bitterness" of this truth. People often choose to avoid responsibility because they do not want to admit that the mistakes are theirs.
But if you do not acknowledge your mistakes, how will you know what to correct? People say, "No one bathes in the same river twice." But if you stubbornly refuse to believe that there is a river in front of you, how will you know to avoid it? If you do not know where you went wrong, how can you fix it? If you do not correct your mistakes, how can you achieve better results?
Losses, add more money. Lose again, add more money. Lose again, add more money. Still losing, add more money again. Even if you add money 100 times, 1000 times, but still make the same mistakes, stubbornly refusing to correct them, how can you expect different results? You will still incur losses, still burn your account. Simply because you still lack knowledge and discipline. You receive lessons but refuse to seek solutions. The result of your whole life is just many lessons without solutions being repeated over and over again.
Successful people are not lucky; they find the solutions to this game of life. To put it simply, they discover the solutions to this financial game. When to buy, when to sell. When to stay still. That is the solution they have found after being hit by life with the questions of the financial game.
I've rambled on for long enough. I write these lines not to appear knowledgeable or superior. Like everyone else, I have also been hit by life's lessons. I have simply found solutions and continue to seek other solutions to different lessons. I just hope these words reach those who are destined to encounter them. Whether or not they understand is the fate of each of us...