I lost money just three months after entering the circle. Honestly, those days were really tough. I was addicted to contracts, slacking off at work, living in chaos, and only later did I realize the harm of my indifference to those around me.
When I shorted the bull at 2.2, I held on for several days without any improvement; PIPP was cut out after being sold off; the RIVER trade was even more exaggerated — I stubbornly held on for 11 days, with fees eating up two-thirds of the position, and in the end, I couldn't avoid the fate of stop-loss. At that time, my mind was full of "Why can't I make money," and I even thought about blaming the market's own abnormalities.
But at the moment of reflection, I suddenly understood. Indeed, this market is not perfect, and the idea of shorting at high levels is not wrong — the problem was with me. I didn't know how to control fees, I didn't know how to take profits or cut losses, and I shouldn't have stubbornly held on. Every time I lost my composure during a trade, even the best trades in my hands would result in losses.
The root cause of losses has never been how bad the market is, but how undisciplined I am. Now I understand that the difference between making money and losing money in the crypto world lies in one thing: one knows how to review and reflect, while the other keeps repeating mistakes.
My plan moving forward is simple: build my own trading system, strictly follow the plan, and make rules like fees, stop-loss, and take-profit instinctive. Every loss is a lesson, gradually leading to stable profits. I hope everyone can also climb out of their own pits.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
11 Likes
Reward
11
5
Repost
Share
Comment
0/400
Changmin
· 7h ago
Loss-making trades have no long-term holding value. Many people who trade tend to resist closing losing positions, essentially refusing to admit mistakes. The purpose of trading has shifted from making profits to proving oneself. Losses are inevitable.
View OriginalReply0
StealthMoon
· 7h ago
Carried for 11 days only to have two-thirds of it eaten up by fees... My goodness, this is the "tuition fee" that the crypto world gives. It's really expensive. But on the other hand, realizing the importance of self-discipline is also worth it. How many people lose everything and doubt their lives yet keep repeating the same mistakes?
View OriginalReply0
AirdropFreedom
· 7h ago
Holding on for 11 days but still losing two-thirds, brother, how strong must your heart be... I'm completely convinced.
View OriginalReply0
StakeHouseDirector
· 7h ago
This guy finally figured it out, but to be honest, I felt sorry for him during the 11 days of endurance. Using up two-thirds of the data fee is really incredible.
View OriginalReply0
CexIsBad
· 8h ago
I can barely make it 11 days on two-thirds of the budget, man you must have crazy endurance... That said, when your mindset collapses, nothing else matters anyway. I'm pretty much dead in the water right now.
I lost money just three months after entering the circle. Honestly, those days were really tough. I was addicted to contracts, slacking off at work, living in chaos, and only later did I realize the harm of my indifference to those around me.
When I shorted the bull at 2.2, I held on for several days without any improvement; PIPP was cut out after being sold off; the RIVER trade was even more exaggerated — I stubbornly held on for 11 days, with fees eating up two-thirds of the position, and in the end, I couldn't avoid the fate of stop-loss. At that time, my mind was full of "Why can't I make money," and I even thought about blaming the market's own abnormalities.
But at the moment of reflection, I suddenly understood. Indeed, this market is not perfect, and the idea of shorting at high levels is not wrong — the problem was with me. I didn't know how to control fees, I didn't know how to take profits or cut losses, and I shouldn't have stubbornly held on. Every time I lost my composure during a trade, even the best trades in my hands would result in losses.
The root cause of losses has never been how bad the market is, but how undisciplined I am. Now I understand that the difference between making money and losing money in the crypto world lies in one thing: one knows how to review and reflect, while the other keeps repeating mistakes.
My plan moving forward is simple: build my own trading system, strictly follow the plan, and make rules like fees, stop-loss, and take-profit instinctive. Every loss is a lesson, gradually leading to stable profits. I hope everyone can also climb out of their own pits.