Futures
Hundreds of contracts settled in USDT or BTC
TradFi
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One platform for global traditional assets
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This time, I really suffered the consequences of impulsiveness.
I couldn't hold on anymore and closed all my contract positions. I completely cleared out my WHY holdings, and the final bill showed a loss of 150,000 USD, roughly 1 million RMB. With this move, I truly hit the core of the problem.
Honestly, watching the daily unrealized losses was really painful, and in the end, I couldn't withstand it. The three football coins I bought earlier, along with GIGGLE, didn't lose much in spot trading, but the contract positions, this black hole, directly swallowed hundreds of thousands of dollars of principal.
This time, I also withdrew 70,000 USD, which was the margin I added earlier to hold on to the market. Looking back now, I really need to reflect carefully on the entire process. Reviewing past trades is very important because sometimes, when you're caught up in the moment, your rationality completely goes offline. The most profound lesson is: impulsiveness is the biggest enemy in trading, and you must learn to control that gambling instinct.