I have been trading full-time for nearly a month, and in the end, I still fell into the trap of holding positions. To be honest, I really thought there would be a rebound at the time, but I was immediately liquidated when I reversed my position. This lesson is very profound—when facing the market, holding positions is basically a death sentence.

Those who think they can hold on are often in the most danger. Once the market doesn't cooperate, leverage can wipe out your account in an instant. Many friends around me have experienced this kind of crash; seemingly safe operations can quickly become the fuse for liquidation.

Looking back now, risk management is truly more important than anything else. Stop-loss is not shameful; rather, it is a necessary condition to keep playing and surviving. If I could do it again, I would set a stop-loss right away and exit, without thinking about rebounds or reversals—that's all an illusion. A reminder to all trading friends—never follow my example. Timely stop-loss is more important than anything else.