In 2019, I saved up 30,000 yuan and threw myself into the wave of the crypto world.

At that time, Bitcoin had just experienced a sharp decline, and everyone around me was full of tempting comments—"The bottoming opportunity is here" "Leverage contracts can double quickly." I was like possessed, following various "experts" to buy coins, watching the signals in trading groups to open leverage, my mind filled with fantasies of "getting rich overnight."

The first liquidation hit me hard. In the middle of the night, I followed the trend and opened a long position on Bitcoin, greedily canceled the stop-loss, and suddenly the market turned around. The numbers on the screen dropped to zero—10,000 yuan evaporated in the blink of an eye. I sat stiffly in front of the computer for two hours, my mind blank.

I deceived myself into thinking it was just bad luck. Later, I投入 another 20,000 yuan, and I still suffered a setback on the contracts. At my most embarrassing, I even had to borrow rent money to pay, hiding in my rented room day and night studying K-line charts. As a result, the losses grew heavier, and I didn't dare to tell my family.

That’s when I truly woke up—crypto trading is never a gambler’s paradise. Those "gurus" shouting signals every day are either just earning commissions or purely bluffing. Without a personal trading system and risk awareness, in the face of the contract market, no family fortune can withstand a few liquidations.

The turning point came. I made up my mind, deleted all the signal groups, printed out the liquidation records and pasted them on the wall, and reviewed my trading mistakes every day. I used less leverage, kept my position within 5% of my total funds; I also reduced trading frequency, no longer blindly chasing every market wave.