This wave of market conditions truly tests people. My contract positions are currently empty, but I opened two small options positions to test the waters and found that this market is very real—if losses are inevitable, then I need to learn to accept small losses steadily and maintain a long-term perspective. The day before yesterday, I set a stop-loss at 3075 for a long position opened at 3090; after a 15-point loss, I didn't touch the contract again. Last night, out of boredom, I played with some options again, and upon waking up, I saw I was also in a loss. Is it that going long during this period is inherently doomed? If so, then I should change my approach—use small funds to test the bottom, so even if I lose, it’s only a small loss. Yesterday, I saw some veterans using 8x leverage to add positions and blow up, causing the entire market’s long positions to collapse across the board. The current strategy is still to hold spot positions and stay put, while continuing to use small funds on contracts to feel out the bottom and identify where the support levels are. Before the market stabilizes, greed will only accelerate your exit.
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JustHereForAirdrops
· 17h ago
Itchy hands are the enemy of trading. This wave indeed exposes human nature.
Going long is just giving away money; better to wait for the bottom.
Look at those who got liquidated with 8x leverage, they deserve it.
Small funds can try and error, but don't be greedy.
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RetailTherapist
· 01-21 05:47
Itchy hands are a common problem in trading; waking up to losses is something I know all too well.
Being bullish is really toxic; it's better to accept it and try small positions.
Eightfold liquidation, how tragic for the guys involved—this is the consequence of greed.
Can't find the bottom, so let's wait for stabilization before acting.
Stop-loss is set quite firmly, just need to keep a handle on your hands.
HODLing spot assets might be the best solution.
This wave is probably a test of mental resilience.
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LayerZeroHero
· 01-21 05:42
Getting itchy and playing with options directly leads to losses—that's my daily routine, haha.
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DeFiVeteran
· 01-21 05:40
Feeling itchy and still losing, it seems like the bulls have really just been here to give away money lately.
This wave of market conditions truly tests people. My contract positions are currently empty, but I opened two small options positions to test the waters and found that this market is very real—if losses are inevitable, then I need to learn to accept small losses steadily and maintain a long-term perspective. The day before yesterday, I set a stop-loss at 3075 for a long position opened at 3090; after a 15-point loss, I didn't touch the contract again. Last night, out of boredom, I played with some options again, and upon waking up, I saw I was also in a loss. Is it that going long during this period is inherently doomed? If so, then I should change my approach—use small funds to test the bottom, so even if I lose, it’s only a small loss. Yesterday, I saw some veterans using 8x leverage to add positions and blow up, causing the entire market’s long positions to collapse across the board. The current strategy is still to hold spot positions and stay put, while continuing to use small funds on contracts to feel out the bottom and identify where the support levels are. Before the market stabilizes, greed will only accelerate your exit.