Graduated from 985, couldn’t land a job so I switched to crypto trading—this is my second day.

Started my futures account with 100 USDT aiming for 1,000 USDT, but today my balance is 70 USDT. There haven’t been any ideal entry signals on the charts, so I’m holding off for now—impulsive trading is often the start of losses.

On the bright side, the reward from the Folks trading competition arrived today: 15 Folks tokens in the bag (I participated in the tier where the prize pool is split among the top 1,000 by trading volume). This reward definitely eased some of my anxiety about unrealized losses.

It’s worth noting: when rewards from these competitions are distributed in bulk, there’s usually a wave of sell pressure. Players who ranked high are very likely to cash out and exit. In the short term, Folks may face selling pressure, and trying a short with a tight stop-loss could be an option—of course, only if risk management is in place; don’t let your stop-loss turn into a liquidation.

The market is always crazier or calmer than you expect—respect the rules if you want to survive.