$PIPPIN this coin, I started shorting at 0.07. Throughout the process, my mindset followed the stock price, shifting from a bear to a bull and then back to a bear again, constantly flipping back and forth. That period of trading indeed exhausted me. I almost got liquidated several times, nearly losing my account. Fortunately, I made it through, but now, including trading profits and fees, I am still down about 400 USD.
Having gone through this cycle, I think it's time to adjust my strategy. Once I break even, I will honestly reduce my positions and stop frequently chasing highs and selling lows. The market is always there; there's no need to make yourself so tired. Play slowly, earn steadily—that's the long-term survival way.
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LightningWallet
· 01-11 21:14
Frequently reversing positions is just asking for trouble, this time I've learned my lesson.
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SerLiquidated
· 01-10 23:01
Ha, PIPPIN, you reacted quickly this time. I almost got caught too, but luckily I escaped in time.
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Come on, be honest. Frequently opening and closing positions is just giving money to the exchange.
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A $400 loss is considered cheap tuition; some people have been wiped out completely and gone back to zero.
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Adjusting your mindset is easier said than done. Only a few can truly do it.
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The biggest gain from this round is probably recognizing your own limits—more valuable than making money.
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But let me ask, after breaking even, can you really hold steady and not move?
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I like your awareness, but betting 5 bucks, you'll be chasing the rally again within a week.
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Long-term consistent profits aren't that simple; otherwise, everyone would be a billionaire worldwide.
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Reducing positions is correct, but the market always offers opportunities that are explosive. Being able to resist temptation is true skill.
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MEVictim
· 01-08 21:47
Haha, repeatedly messing around and losing 400 USD. This time, I was truly taught a lesson by the market.
Frequent chasing highs and selling lows is just fighting with myself. I should have realized this a long time ago.
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BlockchainBard
· 01-08 21:46
Bro, this is the cost of overtrading. Repeatedly messing around is the most exhausting.
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It's good if you can hold on. Many people in this circle have been liquidated directly.
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That's right, frequently chasing highs and selling lows really is money out of your pocket. You might as well hold and sleep peacefully.
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Is losing 400u not enough? Haha, this is the tuition fee for the leek university.
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I'm the same way. Doing long and short positions makes my head hurt. I've decided to just dollar-cost average and lie down.
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A mental breakdown is more terrifying than an account liquidation. If you learn something from this, it's worth it.
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Waiting to break even? Bro, you might want to think that, but does the market have the time to give you?
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Decisively reducing your position is the right move. Don't take on those high-level leek positions anymore.
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pumpamentalist
· 01-08 21:36
Haha, this is the consequence of frequent trading. After all the fuss, I ended up losing money. I've been through it too.
That's right, the market won't run away, so why risk almost getting liquidated?
$400 tuition fee, a lesson worth learning.
Switching between long and short positions repeatedly, in the end, retail investors are the ones getting harvested.
Taking it slow is indeed the right way, avoiding the mental breakdown of watching K-line charts every day.
Losses are losses, at least I came out alive. Some people go straight to zero.
I feel like I’ve gained some insight from this round of operations, just worried I might lose control again later.
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ApeShotFirst
· 01-08 21:33
Haha, that was a close call. $400 in tuition is considered cheap, and some people have already lost their accounts.
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Repeating the same mistakes over and over is the most deadly. When your mindset collapses, it's just a matter of time before a margin call. You came back alive this time, so you really made a profit.
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Wait, you only reduce your position after breaking even? Brother, you really need to adjust your mentality. Greed is something that can fall faster than the coin price.
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The market is always there; it's just that people's minds are not always clear. This statement is spot on.
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From 0.07 all the way to now, your mental resilience is stronger than most people’s, but you still need to learn to let go.
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I just want to know when I can fully understand this principle and stop making the same mistakes. It's easier said than done.
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HackerWhoCares
· 01-08 21:32
Haha, this wave was really repeatedly frustrated by the crypto market.
Frequent direction changes are the most exhausting, paying so much in fees and still losing 400, so it definitely requires reflection.
Wait until breaking even to reduce positions, it sounds simple but not many actually do it.
$PIPPIN this coin, I started shorting at 0.07. Throughout the process, my mindset followed the stock price, shifting from a bear to a bull and then back to a bear again, constantly flipping back and forth. That period of trading indeed exhausted me. I almost got liquidated several times, nearly losing my account. Fortunately, I made it through, but now, including trading profits and fees, I am still down about 400 USD.
Having gone through this cycle, I think it's time to adjust my strategy. Once I break even, I will honestly reduce my positions and stop frequently chasing highs and selling lows. The market is always there; there's no need to make yourself so tired. Play slowly, earn steadily—that's the long-term survival way.