Crypto攻城狮|Oct 25, 2026 02:47
Losing eight figures in dollars in minutes was bad enough. What's worse, he personally lost millions more over the next few months.
This is the confession of trader Bonk Guy @theunipcs. In the massive liquidation of October 10, 2025, he recorded the largest single-day loss of his career. He attributed that loss to a systemic failure of a large centralized exchange, believing no one has taken responsibility. But for the millions that followed, he didn't blame the exchange; instead, he took it upon himself: eager to recoup his losses and prove he could still trade, he traded more and more.
The hardest trade to stop is often the one after a loss. Leaving the computer might have been a better option, but it didn't feel like "working." Watching the market and placing orders at least made him feel like he was salvaging the situation; stopping meant fighting the urge to recoup his losses.
He also reflected on something else: methods that worked in the past don't work in every market condition. DOGE and SHIB in 2021, WIF, POPCAT, and FARTCOIN from 2024 to 2025—each had its time. Strategies that worked in a bull market might fail miserably in a bear market. Being a good trader isn't just about knowing when to act; it's also about recognizing when familiar opportunities have passed.
Looking back, he wished he had shut down his computer and taken a break for months, even half a year. When unsure, he should either stay out of the market or only participate with a small amount he can afford to lose, preserving his capital and judgment while waiting for the next real opportunity.
Ultimately, a big loss damages your account; rushing to recoup losses damages your judgment. The former might be due to bad luck, the latter is solely your own fault. If you're currently thinking of "making it all back in one go," ask yourself first: Was this trade because you saw an opportunity, or because you couldn't swallow your pride?
Share To
Timeline
HotFlash
APP
X
Telegram
CopyLink