The day before yesterday, I cleared out my spot positions and scraped together 200 USDT to transfer into my futures account. I was thinking of going all-in—putting 1,000 USDT into $XPL and 500 USDT into $0G.

The result? As soon as I entered, I got trapped, and it went straight into the red until liquidation. Even with a small position, it still went to zero.

Unwilling to give up, I topped up with 500 RMB for another 70 USDT. At that time, $pippin surged to 0.34 before starting to pull back. I opened a 1,000 USDT short at 0.29—a move that seems crazy in hindsight.

That night was torture. The price kept swinging, and my mindset totally collapsed. I was losing so badly that I just let it ride. The funding rate was insanely high, and after a night's sleep, my principal became -20 USDT. But I stubbornly held on and didn't close the position.

I held until the next afternoon, and finally, it dropped below 0.15. I closed everything, and my account showed just over 500 USDT.

That 500 RMB principal multiplied over six times.

That's how this industry is—one moment you're in hell, the next you're in heaven. It's all a matter of a single thought.

I'm not encouraging anyone to go all-in, but if you decide to do it, you have to withstand the pain. You need to accumulate market information, but more importantly, sometimes confidence is worth more than your principal.