"Don't be greedy"—everyone knows this principle, but it's so easy to go crazy when you're actually involved.
I just read a story about a guy who made 100,000 yuan on his first time trading futures. For a salaried worker, that was incredibly motivating. He was so excited he thought he was a genius. Then he made another 900,000 yuan, which drove him even crazier. He threw himself into it, winning every time, constantly in a state of euphoria.
Until he used leverage and lost 18 million yuan.
He couldn't believe it, he was trembling, feeling like it was a dream… He withered away quickly. He hadn't even dared tell his family yet; suddenly, his parents, wife, and children were all flashing before his eyes. Before, all he could see were candlestick charts; ten years of hard work, all his savings… He felt like he had become an ordinary person again, even worse than ordinary. He felt like a worthless piece of trash.
It's absolutely shocking. To outsiders, we might think we should have stopped at 100,000, or even 900,000 [crying emoji]. But we can say that because we're just spectators [crying emoji]. As for myself… I know the principle of "don't be greedy"… but…
Take my investment in mutual funds, for example. This is already quite conservative.
About two weeks ago, for some reason (I say "for some reason" because I don't actually have precise judgment), I felt, "This fund should be bought at this point"—so I bought in. I bought 6,000 yuan worth.
A few days later, many experts were shouting, "This fund should be bought!"—and then it experienced eight consecutive days of gains!
I… [dumbfounded emoji] This newbie was actually several steps ahead of the experts…
You can feel my satisfaction…
Then I kept thinking, I bought too little.
It rose 5.5%, and I only made 332 yuan…
Isn't that greed? 😢😢😢 So when I see stories of people failing miserably because of greed, I no longer laugh at them; instead, I remind myself: Don't be greedy.
Similarly, this applies to Web3 as well: "Don't be greedy" when buying or selling cryptocurrencies.
#StrategyIncreasesBitcoinHoldings #CryptoMarketWatch
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