After six days of holding, I still couldn't withstand it in the end. Ultimately, it's still greed. First loss of the New Year.
Originally, the operation on the morning of the 1st was correct, shorting from 10.5 to 7, and I should have held this position. But the problem was—I missed out on coins like COAI, AIA, and folks before I held on. That afternoon, around 2 PM, I entered the market and stayed until 9 PM. The market maker gave a full 6 hours of movement space, but I just didn't exit. After adding to my position, my cost basis was raised to 11.69.
Then it was just the usual fight against the upward rally. The three dips were all near 12 dollars, and I didn't exit each time. The reason was weak—I felt I had already endured so much funding fee, I couldn't just give up. Five days and nights of poor sleep, watching the market at midnight for fear of liquidation due to funding fees, sleeping during the day. Only today did I finally reach my limit.
On paper, this trade shows a total loss of 1542U. Of which, funding fees accounted for 493U, direct loss of 828.51U, and long hedge losses of 220.49U.
Thinking back now, the problem is very clear. I actually know how to set stop-losses. Last month, my contract win rate was still 90%, everything was heading in a good direction. But I was blinded by this victory, thinking I had figured out the market. Especially with highly controlled coins, greed is even more dangerous. One mistake, and nearly half of the principal was wiped out. These funds were accumulated bit by bit through airdrops and trading.
Everyone, please don't learn from me. Exit when you should, set stop-losses properly, and don't wait. Especially don't compete with highly manipulated small coins.
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FlashLoanLord
· 01-09 04:34
This is the legendary Sand Coin behavior—fund fees eat up 493 in one go. Does it hurt?
View OriginalReply0
LiquidatedNotStirred
· 01-08 03:41
Greed is a disease that truly cannot be cured. Winning streaks make you get carried away, but in the end, you still have to be educated by the market.
This round of sedimentation fees was quite heavy; looks like next time I need to be even more ruthless.
Six days without good sleep, is it worth it, brother? Not only is the money gone, but the sleep is gone too.
Highly controlled small coins should be avoided; the room for manipulation given by the whales is all an illusion.
Stop-loss is easy to talk about, but executing it is a whole different matter.
I feel like the 90% win rate before made you complacent; the market loves to harvest confident people like that.
Half of the principal was directly evaporated, which really hurts.
The money accumulated from airdrops was lost in one mistake; next time, I need to be more careful with my operations.
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ser_we_are_early
· 01-07 02:42
Staying up all night watching the market and finally giving in—this is the price of greed.
Setting stop-losses sounds easy to say, but when you're actually in the market, it becomes a joke. Half of the funds are eaten up, and the account is directly broken.
High control coins are really a trap; don't touch these kinds of things.
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Deconstructionist
· 01-06 13:48
I'm very familiar with greed; losing half of the funds to fees is really just self-inflicted.
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PositionPhobia
· 01-06 13:42
Bro, this wave was truly controlled by the inner demon; greed caused everything to fail in a second.
Good grief, paying 493 in fees just like that, my mentality just collapsed.
This is why you should never stubbornly hold onto small coins; the whales don't play fair.
Staying awake for five days and five nights watching the charts, what's the point? If you keep going like this, you'll also become useless.
To be honest, your 90% win rate is just fooling yourself; one big loss and it's all gone.
Set your stop-loss when needed, don't wait until your account turns red and then regret it.
View OriginalReply0
HodlAndChill
· 01-06 13:40
Damn, 1542U is gone just like that, and the fund fee of 493 still hurts... That's why I only stick to mainstream coins.
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governance_ghost
· 01-06 13:30
This is the legendary Shabi relay baton, handed over until numb.
Staying awake for five days and five nights to monitor the market is truly an art of self-punishment.
Funding fee of 493 is directly free money; this is real blood loss.
Stop-loss settings are like knowing how to work out; understanding ≠ being able to do it.
Small coins being played out by the manipulators and still wanting to turn around—this idea is really stupid.
Is the lesson learned from exchanging 1542U worth it? Honestly, it's a bit harsh.
Greed—one爆仓 (liquidation) is more effective than listening to a hundred lessons.
Next time I see a small coin with high control of the market, I will stay far away.
View OriginalReply0
SmartContractPhobia
· 01-06 13:29
This is the legendary "earned 90% but lost the last 10%", brother, I feel for you.
View OriginalReply0
ChainSpy
· 01-06 13:25
Oh no, this is a typical case of not setting a proper stop-loss. The funding fee ate away half of the loss, and the cost of greed is just too high.
After six days of holding, I still couldn't withstand it in the end. Ultimately, it's still greed. First loss of the New Year.
Originally, the operation on the morning of the 1st was correct, shorting from 10.5 to 7, and I should have held this position. But the problem was—I missed out on coins like COAI, AIA, and folks before I held on. That afternoon, around 2 PM, I entered the market and stayed until 9 PM. The market maker gave a full 6 hours of movement space, but I just didn't exit. After adding to my position, my cost basis was raised to 11.69.
Then it was just the usual fight against the upward rally. The three dips were all near 12 dollars, and I didn't exit each time. The reason was weak—I felt I had already endured so much funding fee, I couldn't just give up. Five days and nights of poor sleep, watching the market at midnight for fear of liquidation due to funding fees, sleeping during the day. Only today did I finally reach my limit.
On paper, this trade shows a total loss of 1542U. Of which, funding fees accounted for 493U, direct loss of 828.51U, and long hedge losses of 220.49U.
Thinking back now, the problem is very clear. I actually know how to set stop-losses. Last month, my contract win rate was still 90%, everything was heading in a good direction. But I was blinded by this victory, thinking I had figured out the market. Especially with highly controlled coins, greed is even more dangerous. One mistake, and nearly half of the principal was wiped out. These funds were accumulated bit by bit through airdrops and trading.
Everyone, please don't learn from me. Exit when you should, set stop-losses properly, and don't wait. Especially don't compete with highly manipulated small coins.