Phyrex|Nov 07, 2025 04:42
After reading it, although many friends may not have noticed, the premise for me to buy spot BTC is that my contract has exploded twice in a row. Yes, my contracts have all exploded and I have been working on them for 8 months, starting from $2000 and reaching a peak of $16000, and then continuing on. Starting from October 11th, the position was continuously liquidated, with a maximum return of $12000 in the middle. However, due to the desire to recoup costs, there was no profit taking. As a result, the last amount of money in the contract was liquidated when it fell below $99000 the day before yesterday.
Fortunately, this was just a part of my experiment, and even though $16000 was my principal, it had almost no impact on me. Not to mention that the actual principal was only $2000. The plan I made for myself at the time was to buy spot Bitcoin when the contract was cleared. So, when the $99000 position was liquidated, I bought spot Bitcoin at the same time.
I have been outside these days and haven't figured out how to start writing yet. Today, when I saw this friend's tweet, my thoughts couldn't control them. Playing contracts is not my first time, and 2021 should be my biggest time playing contracts. I have shared about the company's CTO clearing his account overnight. Actually, I have exploded some before, but my personality has always been quite timid. Contracts are small positions, and I haven't touched contracts for three years since the last one exploded.
This time, on the one hand, it was a social experiment, and on the other hand, I felt like I was drifting. If it went up to $2000 and exploded, I would probably be scared. But after doing it eight times, I still felt a bit pleased in my heart. The biggest problem here is the mentality. Everything is good when the wind is favorable, even if there is a small stop loss, it can be recovered from the rebound. At the beginning, I was very careful. Many friends who watched my review know that sometimes I even run away after earning $200 just to live longer.
But after the first liquidation, my mentality really changed. All I could think about was getting back my investment. After the first liquidation, I had three opportunities to earn more than 60%, but I didn't leave. I thought I could still rise, but I left when the profit was 10% three times. Then I was very unwilling and even broke my own rules in the end. I used to order 0.5 BTC every time, but I felt like I could predict the right direction every time. Why did I open so small.
The result got bigger and bigger as it opened, and it was just an accident, so it went straight to zero. There is still 8 USD in the contract account now.
There are indeed talented traders in this world who can make money from the contract market. I have also had the opportunity to meet many advice experts in the learning camp here, but unfortunately, not only me, but many of us are not like this. We will be proud when we win, regret when we lose, get caught up, and get stuck when we sell. There is nothing wrong with this. This is the emotion that ordinary people should have. Most of our friends, including myself, are ordinary people.
For me, a short position can help me calm down a lot, and I have also earned a little bit of Bitcoin now. I should drink and have some alcohol at night, and the code words will not affect my life. However, for many friends who have all their assets in ALL IN, they may not be as relaxed as me.
It's not that contracts are bad to stay away from. Contracts are also tools, and there is no right or wrong in the tools themselves. Only people can distinguish right from wrong. Making good use of tools can help you make money. I learned about cryptocurrency in 2017, entered the market in 2018, and now it has been 7 years. During these 7 years, I have seen countless gods and their downfall. It can be said that there are active contract gods in every cycle, but it is rare to see them in the second cycle.
I hope they have all retired after achieving their goals, not to mention the contract. The latest version of Plan B, which was admired by the people in the previous cycle, has almost no one paying attention to it in this cycle. Once they fall off the pedestal, they may not even be able to pass, let alone what others think. Therefore, be humble, low-key, respect the market, respect friends, learn to use the appropriate tools, and live as much as possible.
Encouragement together.
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