#我的Gate交易时刻

That night, the market taught me respect

In September 2025, ETH prices surged continuously, and I was completely caught up in the calls from major KOLs. Entry price at 3650, 5x leverage, all-in with 30k capital, confidently believing “this wave will definitely break 4000.” After entering, unrealized gains once exceeded 4000 USD, I took a screenshot and sent it to a friend: “This is a sure thing.”

What was certain was my illusion, not the market. On the fourth night, news of a whale transferring ETH triggered panic selling, and the price plummeted 12% within four hours, touching a low of 3150. My liquidation notice popped up at 2 a.m.—the 32k capital was finally reduced to less than 1,000 USD. Even more ironic, a month later, ETH returned to 3600. If I had held spot, it would have just been a normal correction, but leverage turned normal fluctuations into a catastrophe.

After liquidation, I completely lost control. The next day, I used the remaining funds to go all-in short to recover losses; the rebound stopped me out. Not satisfied, I chased longs and got trapped again. Within a week, I made 31 trades in a frenzy, with a win rate under 30%, paying over 1,000 in fees, and my account was down to less than 300. At that point, I was no longer trading; I was just arguing with the market.

After the market closed, I forced myself to do an in-depth review, and the conclusion was painfully clear: I didn’t set stop-losses before heavy positions blew up, and after liquidation, my frequent trading was all driven by emotion, with no risk management at all. I kept asking “how much can I make,” never thinking about “what if I lose.”

Painfully, I rebuilt discipline: no single loss exceeding 2% of total funds, leverage controlled below 2x, at most one trade per day, and before opening a position, I had to write down three reasons and a stop-loss level. These rules kept me alive during subsequent volatility—when ETH dropped from 3500 to 2800, because of light positions and early stops, losses were fully controllable.

I re-understood long-termism: it’s not about stubbornly holding onto one direction, but about trading with discipline that keeps you always at the table. The market never lacks opportunities; what’s missing is the capital to seize them when they come. One liquidation is enough, because its value isn’t in the technique, but in respect.