#数字资产市场动态 The losses I suffered in the derivatives market back in the day

During the early days when I first entered the market, I was overly confident—I watched the K-line charts for three days and nights in a row, convinced I had grasped the market's pulse. The first liquidation shattered this illusion. My five-figure account was forcibly reduced to two figures, and that night, my hands were trembling.

It was only later that I realized stop-loss isn't an option but a lifeline. I used to stubbornly believe "it will rebound," only to watch my margin drain to zero right before my eyes. Now, every trade I make has a mandatory stop-loss—just like wearing a seatbelt when driving, not for comfort, but to stay alive.

The real difference lies in information sensitivity. I started gathering clues like a detective: regulatory updates released suddenly at dawn, abnormal transfers from whale wallets, breakthrough signals at key resistance levels. Because I caught an abnormal operation, my single-day profit once soared to 300%. But most of the time, I chose to stay on the sidelines. Sitting out for two weeks might seem like a waste, but when ETH's rally came, I held onto a 40% gain—market opportunities are never absent; what’s missing is the capital to keep playing.

The most painful lesson came from mindset. When my account fluctuations were enough to buy a luxury car, I finally realized a few dead spots: not scaling out profits is self-deception, panicking during losses only makes things worse, and going all-in is like sentencing myself to death in advance.

My evolution over these three years has been: from blindly copying trades to being clueless, then gradually building my own trading system. I spend time weekly reviewing my trades, deeply studying hedging logic, and repeatedly analyzing the stories behind on-chain data. The derivatives market is like a magnifying glass—it amplifies every weakness of human nature. I still lose money now—and that's normal—but I will never get liquidated again; missing out on market moves can happen, but I will never make mistakes in risk control.

To sum up: this 24/7 market, the longer you survive, the more you earn. The market is there, opportunities are never lacking; the key is to find your own rhythm.