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#AGT #btc #eth
Losing 500k, sharing some insights...
I've been trading cryptocurrencies for over 5 years, and this is the first time I've maintained a profit month.
I've entered another phase of blind confidence again~.
Several days of consecutive profits make me feel like I’m on top of things, but I remind myself, it’s actually very dangerous. Once I encounter a "monster coin," everything could be over.
I've experienced this scenario multiple times: several days of slight profits, then hitting a "monster coin" that rises for several days or even ten days, then surges by dozens or hundreds of times.
It starts with a small position, unwilling to accept losses, then begins to hold through the dips, selling accounts' spot holdings to add more (even if at a low price), draining various bank card balances for deposits, holding through the dips, until the bank accounts run out of money. Borrowing from online loans to top up, increasing positions—trying to balance the positions, the "monster coin" continues to rise, I keep holding, but eventually funds run out, leading to liquidation. Then the coin crashes... leaving endless regret...
The so-called "hundred days of gathering materials, one day burning down the house."
You can't hold a large position; split your holdings, open two accounts, each account should not hold more than 5,000, and if it exceeds, transfer to the other account. Even if it results in liquidation, don’t transfer back, or you'll end up with nothing. I’ve experienced this multiple times.