Came to Hangzhou and had a big fish head from Qiandao Lake with @daidaibtc and Anthony @1kbxx.
Last week, I lost nearly 30,000 RMB trading altcoins (which is about 200 or so). I mainly bought ETH, AAVE, UNI, virtuals, and HUMA.
I feel like I used to be quite skilled at playing on-chain, but recently I've noticed that there are indeed fewer on-chain casinos. I started slowly getting into contracts.
In fact, I've also noticed that more and more people are starting to play contracts because the opportunities for small bets on-chain are becoming fewer.
So everyone is turning to a constant casino with high-leverage contracts.
I have achieved results on-chain, but I really can't understand contracts. After talking with two super strong traders today, I decided to never touch contracts again.
First of all, I feel that the randomness of contracts is really strong, and it's very difficult to judge long or short. Of course, there are many talented players like @thankUcrypto @Jingxin147741 @CryptoApprenti1 @liangxihuigui who are amazing traders.
But recognizing the limits of my abilities is really important. I find that I can't be sensitive to numbers, and I can't even discipline myself to set stop losses and reopen positions.
In several small rebounds, I had the opportunity to stop loss and escape, but I continued to hold due to greed, which led to being completely trapped.
Because the strategy of heavily investing at the bottom of meme coins and holding until they are listed no longer exists in the secondary contract market, it causes on-chain players to migrate to the contract field with a very obvious dullness.
Moreover, since most meme coins are based on faith and the rhythm of the market, the constant rotation of altcoins actually doesn't have that many references.
@0xpeas also saw Dou Shen go from losing 30,000 to 4,000, and then rebound from 4,000 to 60,000. This kind of execution power, she also mentioned that traders must overcome themselves.
In fact, everyone envies those who can endure, including me, but there is only one who can endure; their courage, luck, focus, and patience are unmatched by ordinary people.
However, I will continue to learn and pay tuition to the market. I feel that as long as I maintain confidence in this market, review more, be brave to communicate with strong players, not give up easily, not feel too much pressure, dare to persist, focus, be optimistic + proactive, and keep a positive mindset, I can achieve my own great results.
Recently, my team @soon_svm and I are developing our copy trading platform together.
I feel that since I can't trade well, a copy trading platform will be a good choice. I will take time to explain our copy trading platform in detail later.
Anyway, losing money is not scary; as long as I maintain a positive attitude and believe in the conservation of energy, I will definitely earn it back! 🤪
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