No one supports my ambition to reach the heights, I walk through the snow to the mountain peak
Hello everyone, I am Qian Duoduo, Brother Qian. Recently, my experiences have been tumultuous, a fantastic journey through heaven, hell, and back to heaven.
At the beginning of the year, after a liquidation, I lost my 400,000 principal down to only 200,000. I cleared out all my spot positions and unexpectedly bet on 120,000 worth of 2 dollar Wld and 1.6 Ai. In the following days, I embarked on a magical journey, Wld miraculously surged to 12, but unfortunately, I missed the opportunity. I profited three times around 7, and all funds were shifted into the unappreciated Ai coin, peaking at 650,000.
Greed overcame rationality; I didn't perceive any risk, my mind was filled with thoughts of multiplying my gains again and again. Many new friends probably share the same mentality as me. Subsequently, the hellish market began; every rebound made me believe it would return, and I stubbornly held on, falling into despair. Eventually, from 650,000, I added another 200,000 and lost it all down to only 130,000.
The sky fell; to return from 130,000 back to 850,000 would require a sixfold increase. Despair and sleeplessness filled these past six months.
In August, I discussed with Dan about directly doing low-leverage contracts and trading short-term, not holding any expectations for any coin. So, I cleared out all my spot positions and began short-term trading. Coincidentally, the market rose, and my account went from 130,000 to 400,000. One day, in the afternoon, my account suddenly had over 10,000 more U, and I promptly closed the position, making a profit of over 100,000. At that moment, I decided to withdraw 120,000 to calm my mindset, making it easier to bear the pressure of holding if the direction turned wrong.
On the 5th or 6th of December, while observing the market, I noticed that Ordi and Bome had no performance in November among my selected coins. While all other coins doubled or more, these two showed no reaction. Ordi displayed significant volatility, and I guessed it would have a strong 20% surge in the evening. I discussed this with Dan in the live broadcast, but unfortunately, due to trading in waves, I sold out at 44.
On the weekend before the crash, I talked with Dan about the market likely dropping on the following Monday, accompanied by a spike. The market sentiment was too FOMO, and altcoins were yielding too much profit. Unfortunately, I got stuck in positions during the weekend and couldn't tolerate the loss, thinking a 1x position had no significant risk. I didn't expect the crash to come unexpectedly. Fortunately, I had a high risk awareness, with a 1x leverage, and survived. That morning, I filled my entire position at 2x leverage, currently holding an 80,000 U position.