Now that the market fluctuates, I can't help but bring out the 'black history' of 2021.
At that time, I was full of confidence, and my account was growing rapidly. I stared at the K-line all day, thinking, 'Make a little money in waves, easily double my investment.'
Opening positions, adding to positions, chasing up trends, holding onto positions, after a series of operations, the account curve rolled up and down like a roller coaster.
At first, everything seemed smooth, profits accumulated like a snowball.
But after a few days, the market reversed, as if the floor support had been pulled away,
The red and green bars flipped, short and long positions intertwined, I was flustered, my stop-loss was set firmly, yet I was constantly 'stabbed' and washed out of my positions.
Floating profits instantly turned negative, psychological pressure multiplied, and I watched as the account numbers slipped away like sand through my fingers.
That wave of market reversal day and night really pulled me from full confidence directly to the edge of collapse, playing out the entire process.
During those days, I watched the market all night, with ash piles forming into small mountains, my fingers trembling,
Every operation felt like walking a tightrope, and any slight misstep could lead to forced liquidation.
Confidence was brutally torn apart by the market; pride was coldly crushed by the numbers.
At that moment, I understood that the crypto world never spares the reckless.
Looking back, that wave of the market taught me three things:
First, direction is more important than position. If the direction is right, even if there are small stabs, I can recover; if the direction is wrong, any strategy is just a giveaway.
Second, position control is essential. Leverage is not a money printer; it’s a knife, and if it’s too heavy, being shaken out is inevitable.
Third, mindset is more crucial than technique. Only calm people can survive in the sea of blood, seeking opportunities for a turnaround.
Although that black history was painful, it made me thoroughly understand:
There are no divine formulas in the crypto world, only discipline, strategy, and psychological resilience can help one survive in the midst of volatility.
