Contract Liquidation Record | Going Short Caused a Complete Loss, -100.89% Return, Painful Lesson

Today, 2026-06-24 10:48, SPCXUSDT short position was completely closed out. Reviewing this all-in losing trade, I want to remind all friends trading contracts.

Opening price at 152.08, entered short expecting the market to fall and harvest profits, but the trend completely reversed and kept rising, finally closing at an average price of 159.72, with a return directly hitting -100.89%, losing all principal, a typical reverse trend heavy position tragedy.

Pitfall Reflection

1. Trading against the trend is a big taboo

Blindly shorting at the perceived top without following the trend, small rebounds are directly broken through psychological levels, leaving no chance for stop-loss or exit.

2. Position management is completely out of control

Betting heavily on a single move, without scaling out or reserving buffer margin, small reversals trigger large losses, ultimately wiping out the account.

3. Stop-loss execution is inadequate

The stop-loss levels planned before entering the trade, held onto with a wishful thinking mindset, hoping the market will turn around, the longer the loss is held, the bigger it gets, eventually losing the chance to turn the situation around.

Post-trade Warning

Never go against the trend in the futures market; go long when bullish, go short when bearish. Subjective guesses of tops and bottoms will only be repeatedly harvested by the market.

Strictly control position sizes; no full-margin bets on any trade, reserve room for error.

Stop-loss must be executed unconditionally; holding onto losing positions only turns small losses into complete liquidation, like this time, losing all principal.

This big loss paid a costly tuition fee. Afterwards, I gave up aggressive short-term futures trading, returned to light positions and trend-following trading, prioritizing stability, and slowly recovered the losses. I also advise friends in the crypto futures space to respect the market, and not to gamble all your principal on short-term ups and downs.