Back in May, I was full of confidence and went long with a heavy position, stubbornly holding on for 38 days, only to watch $34,999 evaporate from my account. In July, still unconvinced, I went all-in long again, held on for over 3 months, and lost another $4,990.
On October 22nd, I couldn't resist and went long again, losing $1,373. Tried again a week later and lost another $3,429. On October 31st, I finally caught a rebound and made $931—a drop in the bucket, not even enough to cover the previous losses.
At the beginning of November, I impulsively went long again and lost $619. Finally, on November 3rd, I switched to shorting and miraculously made $2,184 (damn rare). Then on the 4th, I opened two short positions: one made a measly $10 (what a joke), the other lost $1,166.
November 5th was even crazier: lost $2,351 on a short, made $813 on another short, and made $896 on a long—felt like a rollercoaster going back and forth. On the 6th, I went long and lost another $744, and on the 8th, shorted and lost $1,379.
November 21st was the highlight! Nailed a perfect short and made $8,406. But I got overexcited, immediately flipped to long on the 22nd, and lost $4,638 on two trades. Shorted again on the 24th and lost $3,010, and kept shorting on the 25th and lost another $4,044.
Total loss: $49,526.
No wonder some platform gave me a risk control score of only 20 (extremely low)—if this isn’t reckless, I don’t know what is.
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BridgeJumper
· 12-12 19:19
This is a typical case of chasing gains and panicking during declines—making a quick profit one moment and holding through the losses the next.
It's not just you; many in our circle are the same.
This SUI thing really can drive people crazy.
The 50,000 yuan tuition fee is a bit expensive, but at least I learned my lesson.
Next time, I need to remember better and not be so stubborn.
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ParanoiaKing
· 12-11 19:03
Oh man, this is what you call going all-in and getting addicted, haha
SUI is really a psychological torment machine, just look at your account name to know
38 days evaporated $34,999, I even took off my pants
Making ten bucks at a time is incredible, hilarious, it's like playing with yourself
Risk score is 20 points, bro, are you doing extreme sports?
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SquidTeacher
· 12-10 10:12
Bro, how much trouble do you go through? Making over 8,000 and then giving it right back, that's really a skill.
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TradingNightmare
· 12-09 20:16
Damn, just like that, $50,000 is gone? I gotta tell you, man, you should stop messing with SUI.
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This guy really embodies the meaning of "chasing losses" to the fullest.
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You should've cashed out when you made $8,400, but you just had to go long right after—that's asking for trouble.
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Honestly, saying your risk control is 20 out of 100 is overestimating you.
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It's clear you have a gambler's mentality—make money once and you want to double up, but you just keep getting liquidated over and over.
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SUI is definitely a trap, but your trading style is an even bigger pitfall.
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$49,526... that's months' worth of salary... feels bad.
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After all this back and forth, you'd have been better off just going all-in short from the start and holding.
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Seriously, some coins are just kryptonite for certain people. You should cut your losses while you can.
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Just looking at your account name, "Nightmare Maker," you really know how to make nightmares for yourself.
View OriginalReply0
ShadowStaker
· 12-09 20:15
nah this is just pure emotional trading wrapped in hopium, the validator attrition in sui's ecosystem probably mirrors your account drawdown at this point tbh
Reply0
CoffeeNFTs
· 12-09 20:13
This guy is talking about me, seriously. I make a quick profit and start showing off, but when I lose, it just never ends.
View OriginalReply0
CodeZeroBasis
· 12-09 20:03
Damn, these loss figures are making my scalp tingle.
I really took a huge hit with this SUI coin.
Back in May, I was full of confidence and went long with a heavy position, stubbornly holding on for 38 days, only to watch $34,999 evaporate from my account. In July, still unconvinced, I went all-in long again, held on for over 3 months, and lost another $4,990.
On October 22nd, I couldn't resist and went long again, losing $1,373. Tried again a week later and lost another $3,429. On October 31st, I finally caught a rebound and made $931—a drop in the bucket, not even enough to cover the previous losses.
At the beginning of November, I impulsively went long again and lost $619. Finally, on November 3rd, I switched to shorting and miraculously made $2,184 (damn rare). Then on the 4th, I opened two short positions: one made a measly $10 (what a joke), the other lost $1,166.
November 5th was even crazier: lost $2,351 on a short, made $813 on another short, and made $896 on a long—felt like a rollercoaster going back and forth. On the 6th, I went long and lost another $744, and on the 8th, shorted and lost $1,379.
November 21st was the highlight! Nailed a perfect short and made $8,406. But I got overexcited, immediately flipped to long on the 22nd, and lost $4,638 on two trades. Shorted again on the 24th and lost $3,010, and kept shorting on the 25th and lost another $4,044.
Total loss: $49,526.
No wonder some platform gave me a risk control score of only 20 (extremely low)—if this isn’t reckless, I don’t know what is.