Carelessness got me into trouble. I jumped in and got my face slapped. That day, I used 5x leverage on a less liquid coin, with a stop loss set at 33.6, but I was slippageed down to 31.3. I instantly lost 1200 USD, which is equivalent to 8,400 RMB. Just a few days ago, I painfully spent 3,000 RMB on an electronic product, and this loss instantly wiped that out and even left me in the red.

Honestly, I was caught off guard by this loss. Reflecting on it, there are a few main issues: first, I increased my principal too much, and there's no need to mess with futures contracts; second, trading less liquid coins is too risky, as slippage can eat up half your position; third, the market environment itself is poor, with projects collapsing and debts unpaid, leaving no opportunity to bottom fish—any entry just gets you hammered.

The key is to stay steady. The assets I hold may seem small, but holding on during an economic winter is winning. Instead of coveting futures leverage, it’s better to patiently wait for real big opportunities. A reminder to everyone: don’t be as impulsive as I was.