Telling the story of a brother in the currency circle, I hope it will help us run into fewer obstacles and take fewer detours. The story begins: Hello everyone, I am a man from science and engineering. I entered the mining circle in 2015. By selling mining machines and collecting coins, my assets exceeded 1,000 W in the 2017 bull market. I started playing with contracts in 2018, and gradually deposited all my cash and savings into the market in the form of tuition fees, experiencing the arduous journey from heaven to hell. When I was studying, I was a fan of Jin Yong’s martial arts and the Xiaoyao sect. I wanted to use the name of Xiaoyaozi to make a comeback in the currency circle. I don’t know when you entered the circle. I clearly remember that I entered the mining circle and the currency circle in May 2015. I had just resigned from the company at that time, because I was previously engaged in mobile phone sales and e-commerce. An old friend who I have known for many years (met during a technical training in 2010) asked me to send him two 128G Apple 6PLUS. , one of his friends in Vietnam asked. We met at Shenzhen Happy Coast. He saw that I was doing cross-border e-commerce, so he asked me if I was interested in selling mining machines. I said of course, I could make any product that could make money. In this way, I came into contact with the mining industry. At that time, he also taught me to open an account in Bitcoin China. I invested 100,000 yuan and hoarded some coins. I still remember that the buying price of BTC at that time was US$245, the buying price of XRP was US$0.008055, and the buying price of LTC was The buying price of DASH was US$1.43, the buying price of DASH was US$2.7, and the buying price of DOGE was 0.000089. This was also the beginning of making a lot of money for me. When BTC was at its bottom in 2015, the price I bought at was the floor price or even the basement price in today’s terms. My old friend doesn't play with contracts, and he also told me not to play with contracts. Then in 2018, unexpectedly the market entered a bear market, and BTC began to turn around and fall. The funds invested in mining at the end of 2017 and the beginning of 2018 suffered a huge loss, with a loss of about 500 W. Seeing that we were about to lose money, we made a decision to sell off all the mining machines at prices ranging from 300 to 600 at the end of 2018. At that time, the price of buying a new machine was 1.8W for the Bitmain S9 14t, and about 1W for the Whatsmin M3. We made our own mining machines, and we still got the wholesale price. We don’t know how other miners are holding on. After losing so much money, I just wanted to get my money back as soon as possible. If spot mining doesn’t make money, mining doesn’t make money either. So I set my sights on contracts. In the same year, I started to contact contracts and report. After attending many training courses, my life has entered a different mode.In 2018, the market entered a bear market and there was no business for mining machines, so I calmed down and concentrated on researching transactions. I started learning from scratch. I started studying at the K-line of Hou XX (I won’t use my full name for the sake of advertising) when I first started school. The tuition was 1.68W, five days and four nights. Looking back now, it was a waste of money. Later, I signed up for courses taught by Li XX and Chen XX. These were basically based on indicators for trading. At that time, I had just entered the contract market, my positions were not large, and my losses were not large. In 2019, when the BTC price was at 3,300, I told my old friend that I could buy the bottom. My old friend said that I would wait until it fell below 3,000 to buy the bottom. Later, Bitcoin rose all the way, and we missed a good bargain hunting opportunity. My contract position was not large at the time, and both losses and profits were within an acceptable range. On December 18, 2019, Bitcoin fell back to around 6,500. I remember that day very clearly. It was when I accompanied a colleague who was working on software in the office to pick up a BMW 530. I placed a long order of 100 BTC at this position and it was filled. Then it went up all the way, and I kept adding positions, and then closed a long position around 9300. I made about 300 W in this wave, which was the most I have ever made from trading. In January 2020, the epidemic started. I took my children back to my hometown. The children took online classes while I speculated in coins. Since the last successful transaction, I felt a little bit drifting. I felt that I was in control of the market, and my positions were getting bigger and bigger. Bitcoin paused for a while around 10,000, and then started to fall. I started to open a position around 9,000, and it was a heavy position. Because BTC will be halved next, and Bitcoin will continue to fall, I will continue to increase my position. 2022.3.12 My nightmare begins! At around 7:00 pm on March 12, Bitcoin started to fall from around 7,500. I was already 90% of my position at that time. The price quickly dropped to more than 6,000, then fell below 6,000, dropped to around 5,200, and then rebounded to around 6,200. At 2 o'clock in the morning, I added another position. My liquidation price was around 4,000. I thought at the time that the price of Bitcoin would never fall below 4,000. I took a nap at 5 o'clock in the morning. Then continue to watch the market. On March 13, 2023, my position was liquidated. My Binance Futures account was liquidated, and more than 90W of USDT was gone. In the morning, Bitcoin fell rapidly from 6,000 and fell below 5,000. I was wondering whether to sell all the spot stocks of Huobi and OKEX and increase the margin.I hesitated, but my rationality prevented me from doing this. If all my positions were liquidated, what would happen to my children’s tuition fees, how to repay the mortgage, and where would the living expenses come from? I didn't dare to turn around in the end, and then Bitcoin quickly fell below 4000, fell to 3858, and then quickly pulled back. My contract position is gone and liquidated. After the liquidation, I stood stupidly beside the computer, my mind went blank. Next, I sold most of Huobi and OKEX's spot stocks at low prices. Now that I think about it, I really regret it. 1,000 BNB, 10WRMB of ADA, and some others, these are all things I can't move for the medium and long term. If I hold these coins during the bull market, I will also be financially free. Next, I fell deeper and deeper into the contract, and continued to sign up for various training courses and join various VIP memberships, hoping to quickly earn back the lost funds. Driven by this mentality, I continued to lose money. I lost all my last 10W USDT by doing the contract. During the epidemic, I kept using credit cards and cashing out from various platforms, one to maintain my livelihood, and the other to act as principal. The more techniques and methods I learned, the less profit I made, and I continued to lose money. In the end, I stopped trading, allowed myself to calm down for three months, and looked back on my journey over the past few years. If you don't play with contracts, you should be very happy now if you hold the spot. The path is chosen by oneself, there is no turning back. After that, I sorted out my trading system, and I finally chose Wyckoff’s volume and price theory as my main direction. After several years of hard work, I have begun to constantly review the trading market. I hope to create a trading system that suits me and gradually achieve profits. This is also the reason why I borrowed the name Xiaoyaozi. The road to trading is the most difficult. You can never make all the money in the financial market, but you can lose all the money in this market no matter how much money you have. Moreover, the tuition fees in this market are the most expensive, and many people may not be able to graduate even after paying the tuition fees. But once you graduate, the market is your cash machine, and you can quickly jump from one class to another. This is my journey since I joined the circle. I hope that fellow currency friends who have had the same experience can communicate and discuss together, cultivate their moral character, break through themselves, and get back the funds deposited in the market with interest as soon as possible to achieve financial freedom!ps: You should suffer losses as early as possible. Money earned by luck will always be lost by strength. People can never make money beyond their awareness. So now that you are in the industry, be careful and never participate in projects other than your knowledge. No matter how you make money, if you have enough knowledge, luck will come naturally.