It's been exactly eight months since I entered the crypto world. To be honest, I've forgotten where I learned about and downloaded Binance. Like most newcomers, I came in with the mindset of improving my life or getting rich quickly. I initially deposited only 50 U, as I was somewhat cautious about a completely unfamiliar platform. Then I played with spot trading casually but had no clue what I was doing. I didn't filter the 'teachers' in the square, leading to blind confidence and joining some free groups. Then some groups required a minimum balance of 500 U to join, if I remember correctly. After verification, they would let you in. I deposited more since it was my own account. Once inside, the so-called 'teachers' shared some entry strategies, and I remember they also claimed to have a VIP group with a membership fee of exactly 500 U, which is highly correlated, I can only say, haha.

Of course, I didn’t join the paid group. I have to say that some of the trades shared back then did have a decent win rate, but I noticed that the 'teachers' seemed not to trade themselves. After sharing their trades, they asked group members to screenshot their profits, which they would then post in the square for further promotion. Anyway, everyone should be cautious about the 'teachers' in the square; what they earn comes from your few U.

Of course, the square has all sorts of people, there are charlatans, jokers, and scammers, but there are also those who selflessly share their skills or ideas for this environment, and I can learn from them. I will talk more about this later; there are indeed KOLs I really like, haha.

Then trading began, and I really jumped in without thinking. Honestly, if new investors come in, they should learn for a few days before entering the market. There's nothing wrong with playing contracts; high leverage and large positions can lead to quick losses. Everyone knows to buy low and sell high. As soon as I entered, I saw such low prices, and the 'teachers' recommended this coin. Buy, buy, buy!

Guess what? I was looking at the 15-minute floor price, but it now seems like the four-hour or daily ceiling. Unsurprisingly, I got stuck, and I was even encouraged to buy SAGA... At that time in April, I didn't even realize this thing had just entered the secondary market and I over-leveraged to get in... In the end, I kept adding positions while it kept dropping, and unsurprisingly, I got hit hard, losing over 500 U.

To be honest, five or six hundred U is not much, but it's still four thousand yuan, and just like that, it disappeared smoothly. It's quite frustrating; where's the promised protection period for newcomers? It must be that the 'teachers' I chose were not good enough, so I continued to carefully select a few long-term earning teachers in the square. I looked at their 'track records', fantasized for two minutes, and turned one thousand into ten thousand easily.

I added a few hundred U again behind, always thinking of recovering my investment and making a profit with about 100 U. For those who have been in the crypto market for a while, this shouldn't be a difficult task, but I was overthinking it. After playing for a few months, I stumbled around with small positions and have almost forgotten the process. In short, I got overly excited again, and then some incomprehensible spike blew up my position.

But after each liquidation, I won't get overly excited again; instead, I reflect on the mistakes I made in my trading.

Currently, I am still down about seven to eight hundred U, but things have improved over the past few months. I started learning various fundamental theories, candlestick patterns, and technical indicators during my spare time. I then tested trades with very small positions and didn't feel bad about losing. I really think Ethereum is great; you can trade with just about 24 U, and you can enter with a very small position.

Gradually, I could start making a little profit of a few dozen U, but I was still some distance from recovering my losses.

Right now, I feel like I have too much to learn. In the market, learning is truly endless. My current thought is not to always think about recovering losses and getting rich quickly. I’m treating a small position as a simulation account to play with, assuming the hundred or so U I have is like one million U. Gradually, after I stabilize and consistently profit from what I've learned, I’ll add more funds.

I feel like I'm going to be laughed at by the big guys and my brothers. After saying so much, it sounds like I've lost millions. But since I’ve shared it, let’s give everyone a laugh. I think of myself as a financial enthusiast, but due to my family's past experiences with gambling and long debt repayment, I am very cautious about investments and trading. I lost money upfront, but it didn't affect my life at all.

I still want to recommend a KOL - Fat Cat, who has published a lot of free indicators and learning materials. There are also many KOLs doing these things, and the quality of their content is excellent and worth learning from. In short, I hope to keep learning with my brothers. If anyone has good techniques, mindset management, or other suggestions to share, please leave a message or @ me. I will definitely check it out, just don’t scam me~~~