Today I would like to share with you a student’s autobiography. Let’s take a look at his investment history and what kind of person he is. He lost 500E due to a margin call during school.



In 16 days, I finally experienced a big rise and a big fall.

When I was in high school, I first came into contact with this market after a friend showed off his stock holdings to me several times (I guess some people will ask him how a minor opened an account, I don’t know, and it’s not the point).

When I first entered the fund industry, I didn’t know the concept of trading hours. I would go home after school around 8 or 9 o’clock every day and pick up my phone to study. I was still in the first year of high school at the time. Although I had a lot of homework, I still had a lot of free time after writing and copying. After studying for a few days, I learned that there was no trading on weekends, but I still thought that after buying every day, I had to wait until the next day to buy again. I read other people’s comments on fund managers and randomly bought the most popular ones. I don’t remember which track made a breakthrough at the time, at least the one I bought didn’t, and I suffered losses one after another. I didn’t understand the game after a year, and I was eliminated with a loss.




Author: Financial freedom for college students
Link: https://zhuanlan.zhihu.com/p/681813833
Source: Zhihu
The copyright belongs to the author. For commercial reproduction, please contact the author for authorization. For non-commercial reproduction, please indicate the source.

Later, I came into contact with stocks. To be precise, after playing with funds for a while, I learned that funds are made up of stocks selected by managers, so I started to pay attention to it. However, I only got to know it formally after seeing various comments online saying that it is better to do it yourself than to let these fund managers collect management fees.

After hearing this, I instantly got excited. Originally, the fund used my brother's account, but when it came to stocks, my brother firmly disagreed. I had no choice but to watch but not do anything. This past year or so was the time when I made the fastest progress. I didn't watch the market much, after all, it was useless. I just learned more skills and saved more money.

By the second half of my senior year, I was an adult and the college entrance exam was approaching. Although I was able to open an account, my phone was taken away and only returned to me on weekends. I secretly bought a Redmi and checked it a few times during school hours, but I still didn't get in.

It was not until the summer after graduation that I had a two-month full-scale practical opportunity. However, I started off badly. I bought a stock that was about to reach its peak. After two daily limits, it kept falling. I didn’t enjoy the benefits of being a novice at all. I saw a comment saying that I should call to report malicious market manipulation and not sell. If the report is successful, I can get back all the losses. I believed it. But I couldn’t bear it afterwards. After several daily limits and negative declines, I ran away and lost nearly half of my money. I kept investing afterwards, with losses and losses, but overall I outperformed the market and gained more than 10%.

I have been in the cryptocurrency circle for the longest time, but I missed the 21-year bull market. I entered the market at the end of the year, right at the beginning of the bear market. I started by investing a few hundred yuan and then a few thousand. After adapting to the rhythm of the bear market, I kept doing short-term trading, from spot to contracts. Those few months were very poor. I kept getting liquidated and changing strategies. Almost all of my living expenses except for food were invested in it. Later, with the accidental discovery of a business opportunity, my life improved a lot.

Many of my friends asked me how I got the one million before. I always said it was inconvenient to disclose, but now it’s all gone, so I’ll disclose a little bit. Anyway, it’s not illegal - account dealers, or what everyone calls “daogou”. I was poor during that period, and I didn’t play many games anymore. I wanted to make up for the loss so I put all my accounts on the platform for sale. Since the prices I sold were high, many popular games were not sold. There was a game that was popular at the time but most people thought it could still be sold, but it was sold at a high price. After noticing this, I couldn’t stop. I borrowed some money from my brother with the money from selling the accounts, and started this journey. In more than a year, this game went from prosperity to decline. I had some rotten accounts in my hands, but I made enough money. Major platforms lowered the price to buy the accounts of this game, and many of them could be sold at a price increase of hundreds or thousands. The cycle was only a few days. Although the profit was average when there was no order, the cycle was short and the funds were recovered quickly. During the most popular period, there were more than ten orders a day.

The picture is below, you should be able to tell which platform it is, but I cropped the game screenshot, and since it seems to be censored you can still guess which game it is.




Back to the previous topic, I have more money, my quality of life has improved, and I have invested more in the cryptocurrency circle. I have more opportunities for trial and error, but the strategy has not been officially changed and applied. The Mavericks, which opened in 2023, completely disrupted the original plan. Many steps need to be adjusted, but because of the affluence, I have also become much lazier. I am purely learning technology through trading in the market, and I have not done any systematic research. So I thought about taking advantage of the change in strategy to take a look at the Chaos Theory. Unfortunately, I gave up after reading part of it and it took me a long time to finally form it. I made more than 800,000 yuan outside the cryptocurrency circle, and spent some of it on high consumption, leaving me with about 700,000 yuan. After testing it with a small amount of capital for a month without any errors, I officially put all my assets into use. Twenty days ago, I reached 170,000 U of capital. Considering the possibility of a margin call like the current one, I posted an article on Zhihu 16 days ago to officially record it. Even if the goal of 10 million fails, I can still gain some traffic or start-up funds to make a comeback. Now it seems that it has really come to this time... I really didn't expect that I had never considered the most critical issue of stop loss on the full position by position. It was painful and blocked in my heart, but I can only comfort myself. What a pity, what a pity.

People always like to lament the past when they lose something. After the explosion at noon, I took a nap in the afternoon and woke up even more sleepy. Even if I made five times the profit, it would be useless. After all, it was not the moment when I successfully cashed out ten times.


The above is all. Haonan has always insisted on the idea that you should not be greedy. Only when you put the money in your own pocket can it be called your own money. I advise everyone to invest with risks and be cautious. There is no regret medicine in this world. This year is the 29th day of the lunar calendar, and tomorrow is New Year's Eve. I wish everyone all their wishes come true in the new year, and everyone can get rich