Hello everyone, happy Wednesday!
In the last episode, I just recorded my chaotic experience of using 15U to buy USDC.
At that time, although my operation was clumsy, looking at the assets lying in my wallet, my inner calculations started again:
"What's the point of holding stablecoins and earning interest every day? I see that ETH (Ethereum) has been performing so steadily lately, there's a high chance it will surge further, if not now, when?"
So, I steeled myself and decided to go all in, swapping all my 15 USDC directly for ETH.
At that time, I still felt smug inside: "Every day in the group, someone warns about leverage risks, but what I bought is the 'spot' that won't change! Even if it falls, I can just be a mountain top captive and hold on. As long as I don't sell, no one can cut me!"
Now looking back, I realize how ignorant I was back then.
Please engrave this sentence in your mind: Investment involves risks, and caution is needed when entering the market! In the crypto world, protecting your principal is always the most important thing, and you can never lose your reverence for the market!
As the ancients said, "When heaven wants to destroy someone, it must first make them mad." Ten days later, reality slapped me with a crisp and loud whack, completely waking me up.
I underwent an extremely painful psychological struggle and ultimately pressed the "sell all" button myself, completing my first manual stop-loss in my life.
Today, I want to share this cost-of-learning experience and psychological battle without reservation. The most taboo in the crypto world is to stubbornly save face while suffering; today, I will be this negative teaching material, helping everyone to dismantle those seemingly mystical yet painfully real insider phrases. New friends, make sure not to fall into the same pits!
📉 Scene of the crime: That K-line that made me feel the pain
- Entry asset: 0.0083 ETH (bought with 15 USDC all in)
- Average buy price: 1790 USDT
- Holding duration: 10 days
- Final outcome: The price continuously turned red and fell. Losses skyrocketed from -3%, -8% all the way to -13%.
During those ten days, the first thing I did every day upon waking was check the market, watching my assets shrink little by little.
The big players in the group kept shouting to buy the dip, while I looked at the seemingly bottomless red line, and my mental defenses completely collapsed.
I suddenly realized that if I kept holding blindly, my 15U would inevitably turn into 1.5U.
The market will not treat you kindly just because you are a rookie; the cost of blindly holding positions could be a total loss of your principal.
After enduring hours of anxiety, I broke into a sweat, gritted my teeth, and personally clicked the "sell ETH" button.
When the interface displayed that the transaction was successful, and my ETH turned back into a pile of shrunk cash, I sat in my chair, unable to recover for a long time.
💡 Don’t step in the pits! The insider phrases that made you "cry out in pain"
After hours of "powerless rage," I found myself gazing at my diminished account lost in thought. The terms I used to see the big players chat about in the group seemed like an unknown text to us beginners; without personally experiencing the pain, it's hard to truly understand the underlying meanings.
Since I've already paid the tuition, I need to understand this lesson thoroughly. The following three terms that made me lose my pants, I will explain in the most down-to-earth "plain language" for everyone—new comrades, definitely don’t follow my example:
1. What is "going all in / going all out"?
In plain language—“going all in and firing all bullets.”
I swapped all 15 USDC for ETH in one go.
This type of operation may seem bold, but it is extremely dangerous! The cost is that when the coin price later drops, I have no extra cash to "add positions in batches" to lower my cost, completely losing my subsequent risk defense ability, and can only watch it drop like a convict.
Remember, never put all your eggs in one basket; going all in is the number one enemy of risk management!
2. What are "unrealized losses" and "realized losses"?
One is "fake falling," and the other is "real pain."
In the first nine days after buying, although prices kept falling, as long as I didn’t sell for a day, the amount of ETH in my hands didn’t change, that loss was called "unrealized loss" (it only changed the numbers on the account). But the moment I manually pressed the sell button, it became "realized loss"—the 13% I lost evaporated completely and was truly gone.
Many beginners (including my past self) would numb themselves with "as long as I don't sell, I haven't lost." This is the most poisonous soup! Unrealized losses are still losses; if the trend is completely bad and you still refuse to surrender, the result of blindly playing dead is often "being deeply stuck until you can't breathe."
Facing risks and admitting mistakes is the correct posture to protect your principal.
3. What is "manual closing / cutting losses"?
It means "if you can't win, run away, give yourself a cut."
Many people laugh at beginners for selling when they fall as "retail behavior." But in my review this time, I found that manual stop-loss requires immense courage. In the absence of leverage and the system not forcibly liquidating, it was I who recognized the error of "blindly bullish," and to preserve the remaining principal, I actively chose to "cut losses." Although it hurt a lot, at least it helped me keep the remaining 87% of my resources.
Those who cannot cut losses and lack the concept of stop losses will eventually be completely swallowed up by a wave of extreme one-sided market in the crypto world. Manual stop-loss is not surrendering; it is the last defensive measure you pull down for your principal when facing risks.
🧘 Painful reflection: Blind faith is worthless
I used to think that as long as I didn't use leverage, I could buy whatever I wanted in spot and play dead if it fell. It wasn't until I truly faced the constantly shrinking numbers and pressed the sell button myself that I realized the market's cruelty—blind faith is worthless in the face of undisciplined trading.
The hardcore lesson I learned from this tuition is: In the crypto world, blindly buying all in is not allowed. What's terrifying is not having thought about where to admit defeat before entering the market. Investment involves risks, and caution is needed when entering the market; if you can't control your losses, what awaits you is only exit.
However, true warriors do not leave the battlefield because of a loss. Being knocked down is not scary; actively admitting defeat is for winning back more intelligently next time.
🚀 Practical forecast: Next main task, starting "armored charge"!
After paying a 13% tuition fee, I decided to force myself to give up my "emotional brain" and officially enter scientific monster-hunting mode. From the next issue, I’ve set two hardcore ironclad rules for risk control that absolutely cannot be violated:
🗺️ Task direction: I will no longer blindly follow the trend. I plan to select specific directions and choose the pairs or projects I want to operate for practical application.
🛡️ Opening operation mandate: For every purchase, the moment I enter, I must firmly set a stop-loss! Once losses reach 10%, I must immediately stop-loss, never hesitate, never hold a losing position! Make protecting the principal the absolute priority, and turn this statement into unwavering operational procedure.
To achieve this, in the next few days, I will delve into smart tools, researching how to use AiCoin's professional indicators and price alerts to assist rational judgment, using cold strategic rules to help me overcome human weaknesses.
Dear "comrades," see you in the next practical review. Hope next time, I greet everyone with my helmet and shield, more confidently!
🎁 Exclusive benefits for beginners: Don't fight alone, let's charge with armor together!
It’s inevitable to pay tuition while exploring alone; new friends, quickly gather your protective gear, join our organization, and set sail safely together!
🔥 Exclusive pass: Register without stepping into pits
For those who haven’t registered yet, you can register on Binance through my exclusive link to enjoy special fee discounts and take the first safe step:
https://jump.do/zh-Hans/xlink-proxy?id=3
(Invitation code: aicoin668, enjoy 10% rebate)
💬 Pitfall charging station: Join the benefits group
In the group, there are not only fellow sufferers finding joy in hardship but also online tracking of the latest opportunities and answering beginner questions.
https://www.aicoin.com/link/chat?cid=gmLgwvKD1
As long as the green mountains remain, fear not for firewood. The main force has gathered; come and charge in armored supremacy!
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
