#我的Gate交易时刻

0.68 to 0.78: The direction was correct, but I got liquidated

Tonight, just now, I watched helplessly as RE rose from 0.68 to 0.78, then opened my account—balance zero.

At that moment, I stared at the screen, not angry, not overwhelmed, but a strange calmness. It was as if saying: Finally blew up, you finally killed yourself.

My long entry cost was 0.68, current price 0.78, nearly a 15% increase. Based on my leverage multiple, this should have been a considerable profit. But the reality is, I not only didn’t make money, I lost all my principal. The only reason—frequent trading.

Looking back at last night’s trading records, I find it absurd myself. RE started rising from 0.68, I closed a position at 0.71 because “I thought it would pull back”; then I chased in at 0.73, got stopped out at 0.74 by a small bearish candle; opened long again at 0.76, closed at 0.77; and finally, at 0.78, I kept opening and closing repeatedly, with fees eating into profits, chasing the rise and killing the fall, disrupting the rhythm. After several wrong stop-losses, the margin finally couldn’t hold.

The direction, I judged correctly. The increase was big enough. But I just didn’t make a penny, and instead got liquidated.

This is not a technical problem; it’s a psychological problem. Behind frequent trading is greed and fear alternating. Greed makes me want to catch every small wave, not willing to miss a 0.5% gain; fear makes my heart race every time there’s a pullback, afraid of profit retracement, so I hurriedly close positions. The result is, I get repeatedly slapped by small market waves but can never catch the real big wave.

More deadly is, frequent trading causes you to lose judgment of the overall picture. When you check the market every few minutes, trade every half hour, your vision narrows more and more. You stop paying attention to trends, support, and resistance. You only care about whether the current minute is up or down. And the market, precisely, punishes “short-sighted” traders.

I still remember a moment last night, RE suddenly dropped from 0.77 to 0.765, a drop of less than 1%, and I was electrocuted, closing all positions. Ten minutes later, it rose back to 0.78. If I had done nothing, I should be looking at profit screenshots now, not writing this reflection.

Crypto trading market never rewards diligence. It rewards patience, restraint, and those who can control their hands.

You don’t need to participate in every wave, you don’t need to trade every day. You only need to make one correct decision at the right time, then sit and wait. But “sitting and waiting” is precisely the hardest thing in crypto. Because during the wait, your brain constantly creates anxiety: Will it pull back? Should I take profits first? Should I do a swing trade? These voices will ultimately push you into the abyss of frequent trading.

Now, I only have a string of trading records left in my account, densely written with opening, closing, stop-loss, chasing longs. It looks like I’m working hard, but the result is I am a failure. Working hard in the wrong place is more terrifying than not working hard at all.

Starting today, I set only one rule for myself: Don’t trade when I don’t understand; when I understand, go all in, then turn off the software and go to sleep.

The market never lacks opportunities, but your principal cannot withstand your repeated messing around.