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Gather your strength again; maybe knowing what I've been through will make you feel better.
March was very tough. Don’t lose heart; confidence is more important than anything!
I’ve been trading stocks for almost 8 years. I remember the most desperate time was at the beginning of 2018 when I was doing long-term investing. I bought two stocks, Hengtong Optoelectronics and Huadi Shares. I held them for about a year, during which they basically fell the whole time. I often watched them decline while at work. At that time, I had no skills and no solutions, just hoping they would bounce back. In the end, I cut my losses and exited!
Over the following years, I also lost a lot many times, but every time I was completely wiped out, I still believed I could stand up again in the stock market. So I tried everything to make money and start over: three buckets of gold—1. salary savings, 2. credit card and online loans, 3. borrowed money from relatives, friends, and classmates.
I lost more than twice in each of these three areas. Honestly, I once really wanted to end my life, but in the end, I just couldn’t give up. Talking about it now might seem easy, but the pain during those times was truly worse than death. The hardship of life, the pressure from debt collectors, the guilt inside, the confusion and despair about the future—at that time, living felt so hard.
The last time was around 2023, when I finally settled down and worked seriously for about a year. Of course, I was still playing with about 10,000 to 20,000 each day. Working was to accumulate capital and start over. Luckily, I earned tens of thousands from my job, then early 2024, I quit again and fully dedicated myself to the stock market.
Before September 2024, I was hardly losing money each month; most months I was making money, though not much. I mainly played around with the ChiNext. Around September 20, I followed a pattern, buying Yinzhijie on its first day of listing with a big bet, and held onto it. This stock pushed my capital over 100,000. Later, when Xingu Media hit 70, I sold some Yinzhijie to buy more, about half my position. Within two weeks, my capital peaked near 500,000. Greed didn’t get the best of me; I kept about 400,000. Then I took out 100,000 to pay off debts—yes, I really had 100,000 in debt.
With about 300,000 left, I continued to trade. Over the past two years, I lost as little as 200,000 and as much as around 1.4 million across two accounts during the oil and gas wave. Now, I still have about 1.2 million in losses.
Recently, in March, I felt truly hopeless. I couldn’t keep going. The stocks within my pattern mostly surged and then fell back; most of the stocks hitting the limit up the next day had no premium. Last Friday, I tried switching to the main board, trading China Power Construction via bidding, and it hit the limit as expected. But the next day, it didn’t give any premium and even hit the limit down. On the third day, I planned to cut losses and move on. If China Power Construction hadn’t insulted me like that, I would have definitely gone all-in on Huadian Liaoning Energy on Tuesday. But I lost interest and just decided to step back and play around. I avoided the big drop in the past few days. Today, I bought 200 shares of Tongyou Technology, which was hit with a 10% limit down that day.
Yes, the market is very tough. It feels harder than before, but I’ve survived through that fragile time before. Do I want to give up now? Never. I’ve walked through mountains of corpses and seas of blood. I should rally and face it. I shouldn’t be eliminated just like that! Starting next week, I will seriously manage the account that’s stuck in Tongyou Technology!
No matter how hard it gets, I have my dreams. I will never give up!
Brothers, losing money recently doesn’t mean you’re not capable. The market is just humiliating us. The most important thing is to have confidence and find a pattern that suits you in the market!
What can’t defeat you will eventually become your stepping stone to the top—just a process!