This is a place that creates miracles, and also a place where bodies are buried.
The 100x leverage drives people crazy, and the unlimited trading time makes people obsessed.
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This is a paradise for speculators and a hell for gamblers. I have experienced turning 15 times in a single night and losing 40,000 U in one go. Looking back, only I understand the bitterness within.
This road is hard to walk, and persevering may not yield results, but once there is a result, you will find that the previous persistence was worth it. I only share my experiences as someone who has been through it, to encourage myself and others to keep striving forward.
I got into the crypto world in 2015, and started trading contracts in 2018. At that time, I was still too young, relying on my years of experience in stock index futures and 50ETF options, thinking that trading in the contract market was more free and could make money all year round. But reality is harsh; I blew up almost every month in the first half of the year, very timely, and I could hardly sleep well every day, my mental state was very poor, and I lost 15 kg.
It was about half a year, and over 800,000 was gone. During my most confused and helpless times, a sentence always motivated me: the past cannot be undone, but the future can be changed. That time was really hard to endure, with external pressure from family and internal self-denial, living every day in a dead cycle that I couldn't break out of.
However, this semester's tuition taught me two things: first, contracts can indeed lead to wealth; if I had done the opposite, I would have earned 120,000 U in just this half a year, which is much better than working. Second, always control risks; there can be no lucky thinking, holding positions against the trend and trading with heavy positions are key to accelerating liquidation.
In the end, I stopped all trading and allowed myself to empty my mind for more than a month. After that, I only engaged in contract trading and re-improved my trading system. Over more than a year, I continuously experienced both significant gains and losses, and liquidations, but gradually formed my own understanding of the trends of Bitcoin and Ethereum, and became better at controlling my emotions.
After that, I gradually recharged for trading, controlling my emotions, especially when transitioning from profitable trades to losing ones, which is the easiest to get carried away. Perhaps it was the grace of heaven; in 2020, with the significant rise of Ethereum, I gradually began to stabilize my profits and started trading full-time. I summarize and review every day, only doing intraday swings, firmly avoiding overnight positions, controlling risks, and in this year, I recovered all previous losses and even had savings. Until now, trading continues, and profits exist, but my mindset has changed; I look at many things with indifference, but I love life more and enjoy the simplicity.
Contracts are truly a testing ground for human nature; sometimes, after multiple operations and consecutive losses, it is easy to get carried away and take heavy positions or hold against the trend, all due to human nature.
Trading is often against human nature; full-time trading requires overcoming more pain, misunderstanding, and loneliness. And absolutely don't self-deny, slowly find your own trading rhythm, when things are going well, don't be overly fanciful, and when things are going poorly, don't belittle yourself.
In the crypto world, one day is equivalent to a year in the human world; cherish every moment.
Long and short cycles are all profits; a single thought can make one a Buddha or a demon.
Finally, I wish you fewer hindrances on the trading path, all the way to wealth, and you are welcome to follow the profile for trading communication.
