In mid-2024, I had a two-month period where I wasn't doing very well, basically not making much and even losing a little.

Looking back now, it’s not really a big problem; it was just that my trading habits at the time were a bit inappropriate.

I’ve always been used to converting the profits into BTC and holding it, so my account often doesn’t have much USDT. When opening a position, I would casually use BTC as collateral.

Usually, I don’t feel much, but when it comes to stop-losses, it can be a bit uncomfortable: once USDT turns negative, the exchange will automatically sell BTC to cover the loss.

For someone like me who prefers to hold BTC long-term, watching the coins get sold feels a bit awkward.

Later, I gradually realized one thing: if you tend to hold on to positions and are reluctant to stop-loss, using BTC as collateral can actually amplify losses.

Sometimes, even after USDT is wiped out, holding on can lead to even bigger losses than just using USDT alone as collateral.

In a market like 1011, it’s really easy to get repeatedly drained.