Little Leek is here to share my story today - How to quickly lose 60,000 (Part 1) Yes, what I want to share with you today is not how to make money, but how to lose money. Is this going against the grain to attract traffic? I say no, do you believe me? Setting up this sharing account was not my own intention because I know nothing, and I can't do any professional analysis. Opening this account is not misleading, right? With so many KOLs and professional traders in the square, can a little leek provide the public with opportunities to make money? No, that's a very simple answer. Before I met a trader who was willing to teach me step by step, my loss record had already reached over 60,000. Have I broken even? Many people must be asking, the fact is no, I have only made back 2,000. Is that small? I also think it's small, really. But that's how this market is; if you use 100x leverage, both profits and losses are proportional. If you want to make more, you have to be prepared to lose more. After experiencing a loss of 60,000, my leverage dropped from 100 to 10. Why? Because I was scared, because I had lost before, my psychological tolerance can only handle 10x leverage. The trader who guided me step by step said: "You can now open a sharing account on Binance, you can try to do it." Can I? Of course, I can't, my trading skills are just superficial, and I don't want everyone to blindly follow me because of one entry point or one phrase 'go in boldly', and then blindly lose. Coming to this market is an investment, it is about making money, not about causing liquidation. So how did I lose this 60,000? Did I trade randomly? No, isn't my experience quite similar to yours? The source of entering the crypto world was also because of a stock trading group. Everyone knows that last year's A shares were not very good, someone in the group said that the crypto world has good returns, and that's how I accidentally stumbled into the crypto world. The end of May to early June 2024 is when I officially started my journey into the crypto world.
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