Because of human nature, the pleasure of making money. After working hard for a month, you only get a salary of more than 10,000 yuan. If you open a 100x contract, you can make 34,000 yuan in one night. Once you experience this pleasure of making money, how many people can resist it?
But remember, this is a market that eats people and creates myths. It is a paradise for speculators and a hell for gamblers. The 7*24-hour trading time makes people addicted, and the 100-fold leverage makes people crazy. I have experienced a 15-fold increase in one night, and I have also experienced
I lost 40,000 U in one go. Looking back, I know how bitter it was. This road is not easy to walk, and you may not get anything if you keep walking. But once there is a result, you will find that the previous persistence is worth it.
I am only sharing my own experience as someone who has been through it, hoping that we can all encourage each other and continue to motivate myself to keep moving forward.
I got involved in the cryptocurrency market in 2015 and started trading contracts in 2018. I was still too young at that time. Relying on my years of experience in stock index futures and 50ETF options, I felt that trading in the contract market was more free and I could make money all year round. But the reality was cruel. I was liquidated almost every month in the first six months. Once, I was very punctual, and I almost couldn't sleep well every day. My mental state was very bad, and I lost 15 kilograms.
In about half a year, more than 800,000 yuan was gone. When I was most confused and helpless, there was always a sentence that encouraged me: the past cannot be reversed, but the future can be changed. That period was really hard to endure. The pressure from family and the denial of myself made me live in a dead cycle every day.
However, the tuition fees for more than half a year have taught me two things. First, contracts can really make you rich. If I do the opposite, I will make a lot of money in the past six months.
120,000 yuan is much better than working. Second, you must always control risks and not rely on luck. Carrying orders against the trend and heavy positions are the key to accelerating the liquidation.
Finally, I stopped all transactions and let myself go for more than a month. After that, I only did contract trading and improved my trading system. Over the past year or so, I have been experiencing huge profits and losses, and my positions have been liquidated. However, I have gradually formed my own sense of the trends of Bitcoin and Ethereum, and I can better control my emotions.
After that, I continued to top up my coins and trade, controlling my emotions, especially when I went from a profitable order to a losing order, which is the easiest way to get carried away. Perhaps it was God's blessing, with the sharp rise of Ethereum in 2020, I began to make stable profits and started trading full-time.
I reviewed and reviewed my trading every day, only traded intraday, and never held overnight positions to control risk. This year, I made back all my losses and had savings. Until now, I am still trading and making a profit, but my mood has changed. I don’t care about many things anymore, but I love life more and enjoy the ordinary.
Contracts are really a testing ground for human nature. Sometimes after multiple consecutive losses in operations, it is easy to get carried away and take a heavy position or hold orders against the trend. These are mistakes made due to human nature.
Trading is often anti-human, and full-time trading requires overcoming more pain, misunderstanding, and loneliness. Also, don't deny yourself, slowly find your own trading rhythm, don't be whimsical when things go well, and don't belittle yourself when things go badly.
It is true that one day in the cryptocurrency world is like one year in the human world. Cherish every moment you have. The long and short rotations are all surpluses. One thought can make you a Buddha, and one thought can make you a devil. Finally, I wish you can have fewer shackles on the road of trading and make money all the way.
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