Day 41 recovering my loss of $11.6k. Progress: [ $4,827 / $11,605 ].
I’m still following the movements of this cryptocurrency patiently. One guy mocked me for not taking profit, and I closed “even/flat.” After a while, I opened the trade for the second time, and honestly I closed too early. My take profit was set at $500, and it did reach my TP, but I closed before it. 👎
I blame that guy—what a ragebait.
Take 1 USDT 🧧 (for 10 people, 0.1 each).
Days in the green: 30 Days in the red: 11 Total USDT shared: 31 See you. 👋
Day 36 recovering my loss of $11.6k. Progress: [ $3,785 / $11,605 ]. I ended the day with $109 in profit by tightening up BTW and other moves. I’ve made money, so take 1 USDT as a gift 🧧 ( for one person only ). Days in profit: 27 Days in loss: 9 Amount of USDT shared: 27 See you. 👋 ⚠️ Futures trading is dangerous; trade with caution. ⚠️ $BTW
What I predicted already happened, only in the most suitable price zone—I ended up with gains if my position actually stayed in my trade. 🤦
The pressure was a lot, but I think that at that point it was better to get out. I took too much risk and my liquidation was at 1.67.
And anyway, I let myself down when I didn’t close losses soon enough. Holding doesn’t help if I could’ve entered better positioned later.
Oh well, at least I faced my demons and took a short anyway, still holding onto my thesis.
So I prove that the fault wasn’t with the market or the coin, it was mine.
$BTW
bigpollowo
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I had a very big loss today. I’ll tell you how it happened, because it might help you too.
Some people seem interested in how I take my trades, so this time I’ll explain what I saw in the chart.
The chart showed a certain pattern that seemed to repeat: a certain volume to the upside without pullbacks. Very attractive, and it regularly works as an easy liquidity zone. ✅
The chart had already proven that thesis above before; Buyers were liquidated or got trapped several times after those long bearish candles. However, the zone where it reacted the most strongly was around the price of 1.35—not at my entry. ❌
So I committed “FOMO”: impatience for not waiting for a better entry, and greed for increasing my position while trying to average down something that never came. And it all happened because I had too much confidence in my trade—that’s another serious mistake.
And honestly, I wanted to keep holding onto my trade. Even in my head I had the thought of leaving the position open and waiting for my “salvation,” but I’ve been liquidated enough to know that it’s not worth it. Better to cut more losses and survive. In fact, if I had clung to my loss right now, it would be double…
I’ve taken similar trades in the past with success. Maybe that’s why I overtrusted. I conclude that next time I need to be more careful. And it doesn’t matter if I’m wrong or not—but when I’m wrong, I should lose less than what I gain when I’m right, and stick to that idea. 💡
Another thing you need to take into account—this is very important—is that you decide when to close your trade. If it hurts you too much to lose $10 in a single trade, set your stop loss at $1.
If you’ve had a good streak and the next day you lose a trade, try to make sure that loss doesn’t erase your progress from the previous day—or from several previous days—depending on your risk tolerance.
I had a very big loss today. I’ll tell you how it happened, because it might help you too.
Some people seem interested in how I take my trades, so this time I’ll explain what I saw in the chart.
The chart showed a certain pattern that seemed to repeat: a certain volume to the upside without pullbacks. Very attractive, and it regularly works as an easy liquidity zone. ✅
The chart had already proven that thesis above before; Buyers were liquidated or got trapped several times after those long bearish candles. However, the zone where it reacted the most strongly was around the price of 1.35—not at my entry. ❌
So I committed “FOMO”: impatience for not waiting for a better entry, and greed for increasing my position while trying to average down something that never came. And it all happened because I had too much confidence in my trade—that’s another serious mistake.
And honestly, I wanted to keep holding onto my trade. Even in my head I had the thought of leaving the position open and waiting for my “salvation,” but I’ve been liquidated enough to know that it’s not worth it. Better to cut more losses and survive. In fact, if I had clung to my loss right now, it would be double…
I’ve taken similar trades in the past with success. Maybe that’s why I overtrusted. I conclude that next time I need to be more careful. And it doesn’t matter if I’m wrong or not—but when I’m wrong, I should lose less than what I gain when I’m right, and stick to that idea. 💡
Another thing you need to take into account—this is very important—is that you decide when to close your trade. If it hurts you too much to lose $10 in a single trade, set your stop loss at $1.
If you’ve had a good streak and the next day you lose a trade, try to make sure that loss doesn’t erase your progress from the previous day—or from several previous days—depending on your risk tolerance.
This post is another reminder of how the market works.
My assumption is that this type of person, every time they gather a good amount of money, tries to recover everything or a large part of it with a single trade.
That mindset is a vicious circle: first you lose 100, keep playing, lose 1000, and keep going; then you end up losing a total of 8000 USDT. So the problem gets worse every time. You can’t control yourself, and eventually you start taking riskier positions to try to get it all back—or maybe the loss was so huge that even small losses now hurt too much, which leads you to hold onto losing positions. But it doesn’t work that way.
That’s effectively a gambler’s mindset, which is why so many people compare trading to gambling. People who come here for the adrenaline, or thinking about easy money, don’t study, don’t have a plan, don’t keep records—then they lose their money and call it a scam.
Trading is 80% psychology and 20% technique.
The market will always punish very harshly the greedy, the impatient, beginners, and those who abuse excessive confidence. It gives you the opportunity to enter and exit whenever you want, with the profit or the loss you want.
Your biggest advantage in trading is the time margin it gives you—in contrast to gambling, where once you’re in, you can’t retract your decision. Trading allows you to exit if you’re wrong, and to stay in a trade for as long as possible if you’re right and your position is good.
开门2
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Goodbye, coin circle. Never play contracts again. After playing for so many years, every time you get some money you go open a contract. Back and forth, you lose more than 10 million. Everything you earned in the real world gets lost into it. It’s all a game run by the big players. Opening contracts is the same as sending money to the dog players. It’s no different from open-handed gambling with others. The coin circle is a huge casino, and it’s a casino with everything out in the open—cheating is obvious and no one manages it. I’m scared of losing. I surrender. Even losing more than 10 million is no help. In the real world, focus on making money properly. Never play contracts again. I urge everyone not to play either. No matter how much money you really have, it’s never enough to keep losing. If you lose, you lose your body, you lose your mind, and you lose your money. Keep gambling and there’s no saving you in this lifetime.
I’ve been regularly posting my futures trades these last few days, and it’s been going pretty well for me; however, my posts could encourage other people to try futures trading, and that’s not the idea. I only do it to share my progress.
And even though in 33 days I’ve obtained almost 5k in profit, with only a 650 deposit. Remember that in trading, 90% to 99% of people are not profitable in the long run. Here, every day people lose, and a lot. And every day I enter the market with that mindset.
Believe me: if you enter the market with a big ego, without informing yourself, and without knowing absolutely anything, the market will make sure to teach you humility in the worst possible way. No matter if your portfolio is 10, 100, or 1,000,000.
And no, this isn’t a scam. You just need to know what you’re doing, and repeat it, again and again.
Day 30 recovering my loss of $11.6k. Progress: [ $4,287 / $11,605 ].
It’s been 30 days since I started the challenge, and it’s gone pretty well—surviving for 30 days trading futures almost every day deserves a little celebration. 🥳
My entry in $龙虾 was bad, but after a lot of patience things turned out well; $AKE , on the other hand, was an easy, very timely scalp.
As always, since I’ve been profitable this time, I’ll leave a 🧧 with 1 USDC for the first person who sees it.