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币道道学长
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In this round of losses in the cryptocurrency world, I truly regret my past decisions. I now understand completely that I am someone controlled by a gambling addiction. The desires in my heart grow wildly like weeds, and my hands do not listen at all, frequently making irrational moves. Holding onto a gambler's mentality of 'take a gamble, turn a bicycle into a motorcycle' will eventually lead to my own destruction. I need to pull back from the edge and carefully consider how to become a reliable trader.
First, I need to quit the 'gambling addiction' of trading, just like quitting a drug addiction. When dealing with those non-mainstream coins, I should just honestly hold onto the spot market and not even touch leverage; that stuff is a ticking time bomb. Mainstream coins are slightly better, but leverage should be kept to a maximum of three times at most, leaving myself a 'lifeline' and not losing all my capital in one go.
Second, I must master the essential lesson of taking profits and cutting losses. I should no longer be foolish and think that the market will always go my way. The market is ever-changing, and once I incur losses, I must not adopt an ostrich mentality and stubbornly hold on. I need to decisively cut losses and stop in time, avoiding an ever-growing hole that drags me into an irreversible situation.
Third, position management is crucial. In the past, driven by my gambling addiction, I would often go all-in; now I realize that this is no different from gambling with my life savings. It’s purely making a joke out of my own money. Willing to gamble means accepting losses; I need to remember this and restrain my greedy nature, suppressing my inner impulses. There is a saying in the stock trading circle, 'In three years, five times like a carp crossing the river; in five years, three times is rare.' Many people double their assets in a short period, but those who steadily profit over time are a rare breed.
Life is like a long marathon, and trading cryptocurrencies is the same; it's not about who creates a myth of sudden wealth in a short time, but rather who still has chips in hand before a real bull market arrives. Speaking of this, I remember that last month I bought some of Musk's little dog tokens, and their price increase helped me recover all my losses from contracts. Brothers can pay more attention to Musk's little puppy.
First, I need to quit the 'gambling addiction' of trading, just like quitting a drug addiction. When dealing with those non-mainstream coins, I should just honestly hold onto the spot market and not even touch leverage; that stuff is a ticking time bomb. Mainstream coins are slightly better, but leverage should be kept to a maximum of three times at most, leaving myself a 'lifeline' and not losing all my capital in one go.
Second, I must master the essential lesson of taking profits and cutting losses. I should no longer be foolish and think that the market will always go my way. The market is ever-changing, and once I incur losses, I must not adopt an ostrich mentality and stubbornly hold on. I need to decisively cut losses and stop in time, avoiding an ever-growing hole that drags me into an irreversible situation.
Third, position management is crucial. In the past, driven by my gambling addiction, I would often go all-in; now I realize that this is no different from gambling with my life savings. It’s purely making a joke out of my own money. Willing to gamble means accepting losses; I need to remember this and restrain my greedy nature, suppressing my inner impulses. There is a saying in the stock trading circle, 'In three years, five times like a carp crossing the river; in five years, three times is rare.' Many people double their assets in a short period, but those who steadily profit over time are a rare breed.
Life is like a long marathon, and trading cryptocurrencies is the same; it's not about who creates a myth of sudden wealth in a short time, but rather who still has chips in hand before a real bull market arrives. Speaking of this, I remember that last month I bought some of Musk's little dog tokens, and their price increase helped me recover all my losses from contracts. Brothers can pay more attention to Musk's little puppy.
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