This lesson has been quite deep. The coin's probe yesterday directly reached 0.234, almost causing a liquidation. In fact, there were quite a few orders at the 0.234 level, but my order was placed at 0.222, and I narrowly escaped. However, the entire process still caused the account to shrink significantly—last night, the worst was a loss of 135u, now stabilized at around a 40u loss.
What’s even more painful is that in the morning, the price returned to around 0.3, which was actually close to breaking even. But I was asleep and didn't set any take profit or stop loss. As a result, when I woke up, the opportunity was gone. So I closed half of my position, resulting in a 20u loss, plus a 10u funding fee. From this operation, the biggest takeaway is that take profit and stop loss are not optional—they are a matter of survival.
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GasGuzzler
· 11h ago
Sleep is the biggest enemy of trading cryptocurrencies, and that's no joke.
That 0.234 hit almost took me out completely; luckily, I was in line behind... but then sleep took me out again, which is just ridiculous.
Setting take profit and stop loss is really basic operation; not doing so is gambling.
This painful lesson has to be learned and changed.
Even with such a small loss, I consider myself lucky; some people go all the way to zero.
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TopEscapeArtist
· 18h ago
0.222 at that position really saved you, otherwise you'd still be the bag holder now...
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FromMinerToFarmer
· 01-08 04:57
I think this is a lesson learned the hard way—by the time I fell asleep, the market had already slipped away. Haha
The boldest move this time was not setting take profit or stop loss, it was completely gambling.
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Degentleman
· 01-08 04:56
Haha, really, sleeping is a dead end in the crypto world; when you wake up, it's a different world.
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DeepRabbitHole
· 01-08 04:56
Damn, overslept and lost 20U, this is just fate
Setting take profit and stop loss is really no joke, gotta develop a habit like a conditioned reflex
0.3 is back and still not awake, I might die laughing, this wave is truly a heart attack
I think what's more painful than losing money is watching opportunities slip away
Next time, go to bed earlier or just give up and not watch the market, to avoid losing money and getting annoyed
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ruggedNotShrugged
· 01-08 04:48
Sleep really is the enemy of trading, I know this all too well.
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0.3 was right in front of me, but I just couldn't catch it. That feeling is truly incredible.
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Take profit and stop loss are easy to say, but actually executing them still requires paying tuition.
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The process of recovering from 135 to 40, how strong must one's mentality be.
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The ten dollars in funding fees really cut into the flesh; after all that effort, this is the result.
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Avoided liquidation at 0.222, luck really is on my side.
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Waking up to a different world; the market doesn't wait for anyone, and this is no lie.
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ZenMiner
· 01-08 04:47
Sleeping really is the biggest enemy, no doubt... I woke up at 0.3 and made a killing.
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TopBuyerForever
· 01-08 04:31
The opportunity to break even after sleeping is truly rare, which is why I now keep my phone within reach 24 hours a day.
This lesson has been quite deep. The coin's probe yesterday directly reached 0.234, almost causing a liquidation. In fact, there were quite a few orders at the 0.234 level, but my order was placed at 0.222, and I narrowly escaped. However, the entire process still caused the account to shrink significantly—last night, the worst was a loss of 135u, now stabilized at around a 40u loss.
What’s even more painful is that in the morning, the price returned to around 0.3, which was actually close to breaking even. But I was asleep and didn't set any take profit or stop loss. As a result, when I woke up, the opportunity was gone. So I closed half of my position, resulting in a 20u loss, plus a 10u funding fee. From this operation, the biggest takeaway is that take profit and stop loss are not optional—they are a matter of survival.