Today I suffered a big loss on LIGHT coin. I placed three consecutive trades, and in the evening I thought the price would continue to rise, so I opened a short position. As a result, I didn't take profit in time and watched my profits gradually evaporate, ultimately ending up with a loss. But that's not the worst part—because I didn't manage my position well and was afraid of getting liquidated, I impulsively pledged my spot holdings to borrow coins. During settlement, I had no idea how to operate, and I watched helplessly as BNB, BTC, DOGE and other coins were converted to USDT at market price and paid back, resulting in a loss of over 7,000 USDT. That painful feeling still lingers.

I was about to give up, but then I turned around and went long, which finally eased my mood a bit. The biggest lesson from this experience is: how important position control is. Don't be fooled by the glory of making money; improper operations can really ruin you. Thanks to the advice from experienced friends, I hope to remember this lesson and trade more steadily in the future.