Although the initial capital for the previous trades wasn't large, I set take-profit and stop-loss points each time, so my risk awareness was decent. But after 2U skyrocketed to a 60x return, I got a bit carried away. When I first played Ethereum contracts, I didn't set a stop-loss, and as a result, I hit a large liquidity event that directly wiped me out. Now looking back at this month's data, my overall win rate is only 3%, which is really quite miserable.
This lesson is quite profound—it's easiest to lose your way when making money. A single big profit can instantly destroy the risk management habits you've built up. How do friends who trade contracts avoid falling into this trap? Especially, how do you protect your stop-loss line during volatile market conditions? I’d appreciate practical advice from all the experts.
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DisillusiionOracle
· 8h ago
This is the cost of greed. That 60x trade directly ruined the entire mindset.
The most important thing to be cautious about when making money is during the times you're most relaxed.
With contracts, a single lucky shot can cultivate a gambler's mentality.
Setting stop-losses really needs to be enforced; otherwise, it's just self-deception.
With a 3% win rate, what am I still playing for... It's time to wake up, brother.
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BearMarketLightning
· 01-03 10:48
That 60x trade completely got people hyped up; that's the magic of contracts. When a big one hits, all rationality disappears.
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Web3Educator
· 01-03 05:53
nah this is the classic "one 60x hit and suddenly you're a degen" arc... fundamentally speaking, that dopamine rush literally rewires your risk assessment lol. as i always tell my students—the biggest liquidations aren't from bad trades, they're from good trades that made you forget risk management exists. brutal but real 📌
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UnluckyMiner
· 01-03 05:51
Bro, this wave is really a textbook example of a bad lesson... A 60x leverage instantly burned out all risk control awareness.
My advice, bro, is to withdraw your profits as soon as you make money, and only then dare to go all in with the remaining principal. Otherwise, it's really easy to get carried away.
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WenAirdrop
· 01-03 05:44
Getting inflated after a big win is very common... But with only a 3% success rate, you have to be really capable to pull it off.
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PhantomMiner
· 01-03 05:39
Ah, a 60x all-in without stop-loss is indeed a classic move; no wonder it blew up.
It's easiest to mess up when making money, I totally get it. The stop-loss line is like it was never written.
How are you still alive with a 3% win rate? I'm speechless.
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GateUser-4745f9ce
· 01-03 05:32
This is the legendary "all-in" move, huh? That 60x bet really got the nerves tingling, haha.
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MysteriousZhang
· 01-03 05:30
That 60x trade just blew your mind, that's the magic of contracts... Stop-loss is really about mental resilience; no matter how much you talk about it, when the market skyrockets, everyone just wants to wait a little longer.
Although the initial capital for the previous trades wasn't large, I set take-profit and stop-loss points each time, so my risk awareness was decent. But after 2U skyrocketed to a 60x return, I got a bit carried away. When I first played Ethereum contracts, I didn't set a stop-loss, and as a result, I hit a large liquidity event that directly wiped me out. Now looking back at this month's data, my overall win rate is only 3%, which is really quite miserable.
This lesson is quite profound—it's easiest to lose your way when making money. A single big profit can instantly destroy the risk management habits you've built up. How do friends who trade contracts avoid falling into this trap? Especially, how do you protect your stop-loss line during volatile market conditions? I’d appreciate practical advice from all the experts.