$BEAT this time really showed me what "luck can destroy everything" means.
Here's the situation — the initial plan was clear: cut losses at 300, watch the 1.85 level, and prepare to exit. But when it hit the stop-loss line and I saw some remaining balance in the account, I got impulsive and started to hold. Looking back now, this is a classic example of a gambler's mentality.
This time I took a big hit, and after painful reflection, I set a strict rule for myself: never allocate more than 1000u per account, and enforce diversification to manage risk. Frankly, position management isn't a technical issue; it's a test of human nature. Once the stop-loss level is set, it must be strictly followed; otherwise, all strategies become useless.
Everyone trading derivatives, don’t learn from me.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
9 Likes
Reward
9
3
Repost
Share
Comment
0/400
NotFinancialAdvice
· 20h ago
Holding positions is really the biggest pitfall in contracts; a single thought can turn you into a leek.
View OriginalReply0
Blockchainiac
· 21h ago
Oh man, that's classic impulsiveness. You've already set your stop-loss line and still want to take a gamble. That's really impressive.
View OriginalReply0
SellTheBounce
· 21h ago
To be honest, I just laugh when I hear your explanation. Setting the stop-loss line is easy to say, but the real question is, when it comes down to that moment, how many people can actually do it? I've seen too many people say, "This time I've really learned my lesson," only to revert back to the old ways. Human nature is more difficult to overcome than any technical indicator.
$BEAT this time really showed me what "luck can destroy everything" means.
Here's the situation — the initial plan was clear: cut losses at 300, watch the 1.85 level, and prepare to exit. But when it hit the stop-loss line and I saw some remaining balance in the account, I got impulsive and started to hold. Looking back now, this is a classic example of a gambler's mentality.
This time I took a big hit, and after painful reflection, I set a strict rule for myself: never allocate more than 1000u per account, and enforce diversification to manage risk. Frankly, position management isn't a technical issue; it's a test of human nature. Once the stop-loss level is set, it must be strictly followed; otherwise, all strategies become useless.
Everyone trading derivatives, don’t learn from me.