How to Regain Mental Stability After Crypto Contract Losses

OkCoin ChinaOkCoin China
5 min read

Mental Breakdown

I've remained inactive on Twitter for an extended period without posting any updates. Many of you likely understand the reason. After suffering a $300,000 loss during the TST wave, my funds dwindled to just $50,000. Through various PvP strategies, I gradually rebuilt it to $140,000. However, a single Alpaca trade erased $100,000, returning me to square one. Two consecutive years of losses, including a $600,000 deficit in 2024 alone, have plunged my crypto journey into a vicious cycle.

Losses trigger mental collapse, followed by emotional burnout, which leads to poor decisions and even greater losses. This post isn't intended as a complaint—it's a sincere reflection, delving deep into the root causes. I must force myself out of this pit.

Reviewing My Trades

Reflecting on the losses, surface-level issues appeared to be market volatility and bad luck. But digging deeper, I must admit—the core problem was myself.

I operated without any strategy. Most trades relied on gut feelings. I neglected to set stop-losses, essentially trading blindfolded. When the market shifted, I'd panic-sell or buy at peaks. After a loss, I'd trade emotionally, rushing to recoup. I chased every "opportunity"—blindly copying whale wallets, aping into trending tokens, or going all-in on alleged "insider" tips. The more desperate I became, the worse it spiraled—chaos dominated my trading.

What hurt most was how repeated losses eroded my confidence. Initially, I could recover quickly. But after numbing to the losses, I questioned if the market was weeding me out—perhaps I wasn't cut out for investing at all.

Drowning in self-doubt, I gave up. I spent days watching videos, playing games, or going out—seeking dopamine to numb myself. I refused to analyze losses, telling myself, "Screw it, I'm already ruined." Thus, the bleeding never stopped.

Wrong step after wrong step. Losses piled up endlessly.

Even now, I haven't fully recovered. In quiet nights, I dwell on missed golden opportunities.

After years in crypto, I've never secured a major win. So what now? Honestly... I've started to give up completely.

But writing this post, I realize—I can't continue this way.

Short-term losses aren't the scariest aspect. The true danger is remaining stuck in this state indefinitely.

I must pull myself together, redefine my mindset, and restart.

This post marks a new beginning and a personal commitment. I won't let losses or apathy control me. I have to take responsibility. Investing is a marathon—emotions and mindset are my essential gear; I must fix them first to run farther.

If you're enduring a similar rough patch, I hope we can fight through it together. If you've emerged from such struggles, please share your story. I'd genuinely appreciate the advice.

Possible Issues

  1. Was I overleveraged? This market always offers opportunities; there's no need to go all-in on a single trade with high leverage and minimal error margin.
  2. Considering the Alpaca and TST trades, I should explore less crowded areas to generate profits.

Lessons Learned

  1. Reduce leverage and trading frequency. Take profits and step away. I once deliberately limited trades—now I view each as a rare annual chance. Going all-in and refusing to cut losses became my norm, but holding a bleeding position feels like slow death.
  2. Continue focusing on Alpha. Find a niche that suits me.
  3. Position management is vital. Taking profits and building gradually may be a superior approach.

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