墙头草

You can see that the indicator for the crackdown ending life in the crypto circle is so simple and straightforward. One wrong step, although not 100% fatal, can cause you to develop an overwhelming fear of trading that might never be overcome. Alright, next is the summary of my crypto circle story. A gambler started getting involved in the crypto circle in 2017 by buying spot. Back then, spot volatility could fluctuate dozens of points daily, with volatility no less than today's futures market, but at least there was no liquidation. I traded aimlessly like this until early 2019 when I started getting into crypto futures contracts. At that time, futures were spot contracts, using spot as margin. I was still clueless and lived every day in fear of receiving a text message, which was a signal of liquidation. Looking back, I had some profits and losses but no major psychological swings, only a faint memory of cold sweats during liquidations. Until the period from March 10 to 15, 2020, the so-called 312 incident in the crypto circle, I finally lost all my money including credit cards. It felt like the sky was falling! I lost all faith! I just wanted to quit this market! Recalling trades from that period felt like a blind person fighting the market. After that, I took a break until October 2020 when I intermittently heard friends say the bull market was coming and they made a lot of money. At that time, I was indeed penniless, only able to borrow a small amount here and there, maybe ten or twenty thousand. That’s how the gambler mentality sparked the idea to keep trading. After careful thought, I deposited 10,000 yuan to start playing, thinking I could make two or three hundred yuan a day. I really let go of greed, withdrawing profits daily and leaving. The market was especially good, almost always profitable. When the market was bad, I stopped trading. This marked the start of a different trading life, beginning to learn, using my own experience to judge and analyze the market. Maybe it was cherishing the present life, starting to think about trading, watching others trade, learning to cut losses, learning to control position size. The power of compounding is truly terrifying. Looking back, I don’t even know how I managed to grow my trades, but big wins and big losses were almost the norm. By May, at the highest point, my profits had reached half of a small goal. Actually, I had already set my goal: after this year’s trading, no matter what, I wouldn’t play anymore. But futures and reality are indeed unpredictable. Just today, after a stop loss, my assets directly dropped by one-third, which means this drawdown was 16 million RMB. It really hurts. Although I have experienced many such situations in trading, this time happened to coincide with my planned quitting time, so I ended it abruptly. Life must go on, the gambler can’t continue. This ten-year gambler life has come to an end. Finally, I’ll see if OK is willing to open a one-day live stream for me. I will share my ten years of trading technical analysis, how to judge the market, and how to trade, all in one day of live streaming. If it can’t be opened, then there’s nothing I can do. Farewell, friends of the Jianghu!