Chinese international students in the crypto world have been liquidated for the fourth time! Emotional trading and blind copy trading have drained their living expenses: feeling regretful and confused.

In the crypto world, stories about "getting rich overnight with high leverage" are endless, but the tragedies of getting liquidated behind them are often overlooked. Recently, a Chinese international student in his first year of college posted on Binance Square, recounting how he got liquidated four times in high-leverage contracts within a few months due to emotional trading and blind copy trading, resulting in a total loss of about 30,000 RMB, depleting his living expenses and falling into regret and confusion.

The Mental Journey of Getting Liquidated Four Times

This international student stated that due to losses in the stock market, he shifted to the more volatile cryptocurrency market, and as a result, he faced consecutive Get Liquidated.

The first time: I entered the crypto world and lost down to only 7 dollars. I casually bought a coin that unexpectedly rose to 200 dollars, but ultimately went to zero.

Second time: Recharge 500 dollars, blindly operate without any trading plan, and once again suffer a total defeat.

Third time: Deposit 1,000 USD to chase the rise of Ethereum (ETH), quickly lose a few hundred dollars, then copy trading others, and finally Get Liquidated.

Fourth time: Deposit $1,500 to follow the so-called "big brother" operations. After initial profits, greed led to increasing leverage to 200 times, resulting in instant liquidation.

Emotional Trading and the 'Big Brother Copy Trading' Trap

The student candidly admitted that after multiple losses, he held onto the lucky mindset of "the heavens won't abandon me" and increased his investment, ultimately resulting in even greater losses.

Veterans in the crypto world point out that newcomers often blindly follow "big brother's trading signals", neglecting their own risk tolerance. Even if the trader can cut losses in time, the copy traders often end up getting liquidated due to a lack of discipline.

The Dilemma of International Students Unable to Work

After a series of liquidations, the student lamented, "I can't work while studying abroad, I am really, really, really lost." For international students, living expenses are limited, and once they engage in high-risk trading and fail, the financial pressure and psychological pressure will hit them doubly.

Risk Management Three Principles: Leverage, Position Control, Learning

Many experienced traders remind that beginners should follow three main principles:

1. Low leverage: Avoid high leverage to reduce the risk of getting liquidated.

2. Position Control: Do not invest all funds in a single trade; retain some maneuvering space.

3. Continuous Learning: Establish a trading plan and discipline to avoid emotional decisions.

The student bluntly said after the last liquidation: "I really regret it... No one can blame anyone but myself."

Conclusion

This case serves as a reminder to investors that the high leverage contracts in the crypto world can amplify profits, but they can also magnify losses. For beginners, respecting the market, strictly controlling leverage, and disciplined operation are the only ways to avoid becoming the next protagonist of a Get Liquidated story.