In just two days, 750,000 was gone. First, I personally gave away a profit of 700,000, and yesterday I precisely sold off the emerging 50,000 profit. Now I am still reflecting on where exactly this operation went wrong.

The cause of the incident is actually quite common. The night before last, during a routine market scan, I noticed a particularly eye-catching crypto asset enter my view. After checking its background, I found that it was related to a hot topic currently fermenting. My first reaction was "this wave of hype can be exploited," and then I saw that the market valuation was only $12,000, a typical small-scale hot asset.

Without much thought, I used 88 stablecoins to buy 7,290,000 units. The idea was simple: chase short-term hype premiums, buy quickly and sell quickly. But what happened? Thirty seconds after buying, the valuation dropped directly to $9,000. The market instantly turned green, and at that moment, my mind was in chaos. Falling into the common trap of retail investors — panic selling. I hurriedly clicked to sell, ultimately losing 23 stablecoins. At the time, I comforted myself by saying I had cut losses in time to preserve the principal, but little did I know that this was the biggest mistake.

The turning point came very quickly. The hot topic suddenly heated up, and the valuation of the corresponding crypto asset soared to a maximum of $990,000. Only then did I realize that I didn't lose due to poor judgment, but because of psychological weakness. The volatility of hot assets is indeed intense, but panic only turns profit opportunities into lessons of loss.