March 29, 2024

How to make millions from scratch and lose everything

Hello.

I would like to share with you how I made a fortune, and later lost everything and even more.

Willas honest as possible.

It would be great if, after reading, someone writes to me my mistakes and sees serious flaws in me and my trading.

So, I started trading by accident, exactly how I will tell you later. I will not talk about ordinary trading, stocks, but about crypto trading.

He started in July 2017, before that he was in the army, and before the army he graduated from 11 classes.

Work in my life did not work, I say toto the fact that money did not feel, for me they were not what they are for normal working people. This is one of the factors that will turn my head later.

So, I don't remember how, but somehow I startedinterested in bitcoin, at first I was looking at what kind of system it is, how it works and all that. I found out. Then somehow I found out about the exchanges and I was brought there ... I found an exchanger, bought bitcoin and started trading without understanding anything at all. I haven't read a single article or book. In general, a complete zero.

I transferred all my money to the exchange at once, and it was 100 thousand. And as you might guess... I earned $200 a day later!!! cool, isn't it?

There was no limit to joy, just 15,000 rubles.

But within a week, 5 thousand remained from 115k. The trade is called…

I was super shocked, I walked like dumbfounded for 2 days.

And I thought about either taking these couple of thousand and looking for a job and working as a farm laborer for the rest of my life, or trying my luck with them again - I decided to try again.

Then, in 2017, the crypto market was a real wild west, such things were happening there ... and now it was already shackled not weakly into different jurisdictions, heaps of bots were poured from Wall Street.

So I started again and 5k turned into 100k in 1-2 weeks.

I traded intuitively, I didn’t understand anything on the chart, I didn’t draw and didn’t understand support or resistance lines at all. It's just the intuition “aha, it has dropped a lot here, I have to buy”.

All this despite the fact that I spent all day at the computer from morning to evening, there were no frames, limits, I sat until I was already very sleepy. (this went on throughout the entire time)

2-3 months passed and I already had more than 500k and was still trading simply on intuition.

Then I went to St. Petersburg, took a walk, bought all sorts of trinkets ... (typical spending of those on whom money fell) I spent 60-70k.

For me, these 500k seemed like little money (considering that until recently a salary of 20-25k was excellent for me) and it was not enough for me, I still spent whole days at the computer.

Although with such an amount it was easy to make a couple of cool trades every couple of days or a week.

But this thirst for money and "faster, faster" slowly drowned me later.

December 2017 was approaching, Bitcoin was at its peak of 20k, everything was super-duper growing from 100 to 10,000%, everything in general, even openly fraudulent projects.

There were about 1.5 million on the account, but trading was not entirely by intuition, it was different.

Found a programmer, told him to do ita program that monitored a sharp change in the volume of the coin and the price, and so the bot immediately informed me about this and often caught pumps (a sharp rise in price) by + 20-100%.

Sometimes I lost well, but I won back (yes, excitement)

By the way, before trading I didn’t know that I was a gambler. So he opened it all.

By the end of December, and for all the time, I earned the maximum amount - about 3-3.5 million, and (don't believe it) it wasn't enough for me, I still had to! yet!

I took this money and bought some outright crap, a scam project, and lost 500k, just out of the blue.

By February, nothing had really changed, it dangled 2-2.5 million on the same amounts.

I went to Thailand in February, bought a MacBook for this, so that I could trade not at home.

Once in the evening I was lying in my room, trading from a laptop and caught a tilt ... there were about 700k on the stock exchange, and after 30 minutes 200k ... and so often it happened to me, such sharp jumps in the deposit.

And in general, time somehow flew by, trading became like a drug for me, I had to trade more often, how to get a dose. Life passed by.

In the summer of 2018, I learned about margin trading…. and about leverage ...

and then it started ... just horror.

I had 1.2kk in cash and 300k on the exchange. Later you will understand why I wrote this.

I'm looking for 300k on the stock exchange, where there are shoulders. it was Bitmex.

In general, after a couple of days I caught liquidation, that is, 300k turned into 0 rubles.

did not understand that there were completely different rules of trade; As I previously just successfully caught on the growth of the coin, it will not work so well.

I went and took 500k from 1.2kk and deposited it again, but there were no shoulders on the old exchange where I always traded.

Sometimes I was drawn again to Bitmex, there are also suchpossibilities!!! (in quotes) so you take a leverage of x100 and you will earn 100 times more!!! how cool!!, but the funny thing is that let’s say you bought Bitcoin for 10,000 with a leverage of x100, if the price falls to 9940 - liquidation, that’s the danger of large shoulders, and in general, shoulders are evil.

How many nerves have I spent with these shoulders ... oooh ... at 23 I already have gray hair on my head.

All this time, I still sat from morning till nightat the computer, I have not and did not have friends, lonely from the word at all, it happened on the Internet with someone I will get acquainted with, take a little walk and that's it. And so there was no company.

Traded for the sake of trade... laughable.

No to take the money and return to the reallife ... just dragged on and there was no one to get out of there, and even stubborn me. I used to read articles on the psychology of trading and become in books, but it did not help, I did not listen to YOURSELF (did anyone have this?)

Summer 2019 came, then I lost all my moneyon trading with shoulders, all the money is straight, there was no nest egg. perhaps 10 thousand on the map. But I had a MacBook and an action camera for 40k and a bike for 40k. As you understand, I sold it all ... and from summer 2019 to winter 2019 I managed to partially return everything. From 70k I got 500k.

I began to read books, to think somehow, in general, not only intuition.

then I found a girl and began to live together,the relationship was nervous, not calm, jealous and it was psychologically exhausting. The girl did not believe in me, unfortunately. She scolded trading), where was she before. I can't say that because of them, but as part of a factor I may have lost money again (early January 2020)

Again... yes... I spent half a year recovering and lost it again...

took 100k from my parents (it was a mistake in generalto do this, my parents are not rich, my mother is a cleaner, and my father is a trucker and this money was credit). it was February 2020. nevertheless, it seemed that it worked out within a month and gave 100k and still 120k left for myself.

Believe it or not, I lost again a week later, as I traded on the market with shoulders ...

my psyche is shorter specifically shattered.

And since 2017, I have become fat, less confident, nervous, more dumb.

All this time that I was trading money was pressingit’s not enough, there would be a lam, it would have easily risen there ”, this pressed for a reason, as it was necessary to earn faster, and the market would not be able to rush. So I was nervous and buried myself even deeper.

I took 100k from my parents again, but this time ... I lost it ...

then my last hope was maybe I could rise from $100 (somehow I once rose from 5k rubles), I begged for this money and at first it worked, in 2 weeks the peak was $950, but I also lost it. after another week.

I think due to the fact that when I earned up to 900,still sat at home, did not walk, generally speaking, was not distracted. I just recently realized that I need to get any job, but that it distracts from the trade.

Total:

  1. the girl left me, because at home he was always sitting at the computer, did not pay attention, uneasy and all that.

  2. lost a total of over 120k parental loan money.

  3. after grade 11 did not study

  4. 1000 rubles in your pocket (I was not mistaken with zeros)

this is how it happens ... I even want to lay hands on myself, but I seem to be holding on.

As for the girl, she left and lost money - everything happened together, at the same time, somehow it coincided, it hurts very much ...

Everyone for himself I hope will draw his own conclusions from my story.

In principle, I know how to trade, but I couldn't cope with thoughts like:

1) “we need money to pay off debts” - this forced me to go where there was no entry point, that is, I forced the market, looking for where signals were not yet ripe.

2) “there was nothing to be distracted by” - there was loneliness all around and did not work to be distracted.

Sometimes I tried to force myself to “work until 22:00,” but no, I did not listen to myself, sometimes I sat until 2 am. Like waiting for an opportunity ... sometimes I waited, sometimes I did not wait because I just fell asleep ...

There was once a case, I waited for more than a month whenthe coin will strike a round number. That day I didn’t want to sleep, but I persuaded myself like “stop sleeping at night, go get some rest”, you will not believe it, after 20 minutes as I lay down, the coin broke through the resistance and after even 3 weeks it did not fall back. did 70%. And I wanted to take the x40 shoulder (I would definitely take it if I hadn't fallen asleep) ... it's a shame for this, but trading is trading and this cannot be saved in your soul, this is the past, you have to forget and make sure that you do not miss it next time. And my mistake was that I didn’t set a breakout alert on my phone, I didn’t expect it to happen in the middle of the night, like that.

So far, I'm getting a job at McDonald's ...(ha ha), I'll work, I'll see how I feel, will I feel the strength in myself and the confidence that I can, if yes, I will postpone $ 100 from the salary and then, I hope, you will already see the post on how to rise from $ 100

It's all sad ... I got myself into such a mess, and my parents, too, a fatal mistake was to lose their money.

https://ru.tradingview.com/u/DavidRoizman/#published-charts

here I made predictions, someone may be interested to see how I reasoned, being the way it is.

And finally, a couple of screenshots from 2017, one where I climbed, the other where I already climbed, the difference is a couple of monthsHow to make millions from scratch and lose everything

How to make millions from scratch and lose everything