These past couple of days of trading, I have lost a total of 870 USDT. Honestly, the whole process has just been repeatedly paying tuition fees.

On the first day, when the market opened, I directly entered with 500 USDT, quickly earning about 60 USDT in short-term gains, which felt pretty good. But then I realized the market kept rising, and I thought I missed out on the opportunity, so I didn’t catch that wave. Later, I found another entry point to re-enter. Because my position was quite large, I saw I was losing 300 USDT, so I quickly exited.

The feeling of being unable to afford to lose is really uncomfortable. I started thinking about gambling to recover the losses, staring intently at the minute chart. That day, the market was trending upward unilaterally, and by around 2 a.m., I finally broke even on my losses. But human nature, greed always tends to take over. I should have stopped there, but the next morning I saw the price had already reached 0.6 — I missed out on several tens of thousands again.

FOMO started spreading, and I became more and more anxious. I began chasing the high; after buying in, I saw I had made about 80 USDT, but I couldn’t bring myself to sell. Then the market started to pull back, and my gambler’s mental state fully erupted — I started throwing in 1200 USDT chunks, doing short-term trades back and forth. In the end, the market fell all the way to 0.4, and I had already thrown 50% of my account’s holdings into this altcoin.

Throughout this year in the crypto world, I’ve basically tried everything that could lose money: going long on altcoins in contracts and getting blown up by a single needle, shorting altcoins and being driven up to negative rates before cutting losses, holding BTC and ETH shorts for half a year until I finally cut losses on October 10th. Now I realize that my personality is really not suitable for trading, only for investing. Position management is also a complete mess.

I hope everyone can find their own way to make money, and most importantly, protect their principal. Don’t repeat my mistakes.