2025-12-05 18:22:29

The account started from 560u and now has a floating profit of 1042u, which should be a pretty good performance. But honestly, I have mixed feelings.

Normally, I make steady profits, grinding out 20u, 50u, 100u per trade. But just because of that move on Folks, I immediately gave back over 800u. Do the math—how many small trades does it take to fill that hole?

Reviewing my thinking at the time: the 1-hour Bollinger Bands clearly showed a downtrend, and I also judged it would drop. But the price action was so strong, just like that sideways accumulation you see in a bull market. Later I realized—the true bull market consolidation hugs the upper Bollinger Band, but that Folks move was obviously struggling at the lower band. I should have stuck to shorting.

At first, I only opened a position with 100u and 20x leverage—no way that kind of position should lose 800u. So where did it go wrong? It was during the drop; every time I saw a hint of a rebound, I couldn't resist adding to my position... step by step, I dug myself into a hole. Looking back, why didn’t I just wait for it to stabilize and confirm the rally before adding more? That’s what happens when you get emotional—emotions always lead to losses, and I just can’t seem to remember that lesson.

Fortunately, ETH performed well today and helped me break through the 1700u barrier. I’ve tried to break this level several times—every time I got close, there was a massive pullback. This time, I finally made it, so I have to thank ETH.

Honestly, if it weren’t for that emotional position adding, I’d probably have already hit 2500u or even higher. When you over-leverage, you fear a crash and can’t cut your losses decisively—and stop-loss is really a lesson I haven’t mastered. Every time I stop out, the price pumps right after; as soon as I chase the high, I get trapped again...

I still have to remind myself: stay calm, wait for confirmation before acting, and strictly enforce stop-losses.

ETH-3.78%

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LiquidityWhisperer

· 4h ago

This is a classic case of getting carried away and adding to positions—one round wipes out months of profits. ETH’s rally really did save the day this time, but the key is still learning to say no. Adding to positions, adding more—nine out of ten times you lose. Cutting losses is always the hardest part. I’ve made the same mistake, getting itchy fingers at every rebound, and the more I added, the deeper I got trapped. Finally broke through the 1700u level; hopefully, it can run to 2500, but this time I need to learn my lesson. Every time I think I have it figured out, it’s like licking the knife’s edge—so exhausting. No matter how well I review my trades, next time I still get swept away by emotions. Set your stop-loss and don’t touch it, otherwise you’ll really bleed losses. The story of this account is basically a textbook example of a dream start ruined by one bad move. If I could have controlled my hands, my unrealized gains would’ve doubled by now—what a pity.

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TestnetNomad

· 4h ago

Averaging up is really a fatal flaw, I often self-sabotage like this too. When ETH pumps, that's when it's easiest to lose your cool—just watching makes you want to chase. Stop-loss sounds easy in theory, but it's insanely hard to actually do. That move by folks was really sneaky, lots of people fell into that trap. I've also been stuck at that $1,700 hurdle, but finally, I see some light. Staying steady is actually more valuable than making fast money, but nobody can really do it. The most painful part of reviewing trades like this is—we all actually know what we should be doing.

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MetaverseHermit

· 4h ago

This is the curse of averaging up—turning a $100 hole into an $800 one. How many more times do I have to go through this before I can truly kick the habit of getting carried away? The psychological shadow left by ETH’s move can’t be easily erased, and it feels like stop-losses are always there to slap me in the face.

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LightningLady

· 4h ago

This is a typical case of FOMO—turning a $100 principal into an $800 pit all at once. I just don’t have the nerve for that. One reckless position increase can ruin a year’s worth of gains. It really hurts. That move by Folks was really disgusting. I got trapped too. Now, whenever I see a similar pattern, I just close my position right away. Better to wait; there’s no need to rush those one or two minutes. Did ETH break 1700? I haven’t even processed it yet. Gotta catch up on my homework. As for stop-losses... I always say I’ll stick to them, but every time it’s “just wait a bit longer,” and I end up either getting liquidated or taking a huge loss—a vicious cycle. But your review is still clear-headed. At least you know where the problem is, which is much smarter than those who just keep blaming others. Next time, really hold back. Only make a move when you’re certain. Don’t let emotions control your positions.

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MerkleTreeHugger

· 4h ago

Another story of averaging down until you go numb—totally feel you, brother. Stop-loss sounds easy, but when it’s time to do it, it’s all tears. That folks move was truly absurd—800u, how long do you have to grind... As soon as there’s a sign of a rebound, I can’t hold back, always lying to myself like this. But still, congrats on ETH breaking 1700, ETH really pulled through today. The key is mindset—one second of FOMO and you’re right back to zero experience. If I could actually execute stop-losses, I’d be financially free by now. My dream of 2500u got killed off by averaging down, it hurts. Next time, I really need to wait for stabilization before acting—no more jumping into pits I dug myself. Talking about upper and lower Bollinger Bands is easy, but when trading, my head’s just full of adrenaline. Honestly, your journey here feels really relatable—a lot of people keep repeating your mistakes.

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PerennialLeek

· 5h ago

This is the curse of adding to a position—when you're confident but can't control your hands, you go all in at once. Getting carried away is really deadly. Why can't I learn to wait for stability? Cutting losses sounds easy but is hard to do. Every time I sell at a loss, the price shoots up right after. It's so frustrating. That move on Folks was truly insane. I should've profited from the short, but ended up messing it up by adding more. Finally broke through the 1700u mark, but thinking I could've pushed for 2500 makes me feel a bit regretful. The key is still mindset. Just grind it out steadily with small positions—don't think about making it big in one go.

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