$LIGHT Light this coin gave me my first experience of a sudden explosion. I had been shorting all along, but when I saw high transaction fees, I decided to try going long, planning to take advantage of the exchange's promotions. Instead, I ended up getting liquidated. It jumped from around 2.3 to about 0.5 in a flash, and I couldn't even react properly while holding my phone. I didn't have time to set a stop-loss, and I just lost a bunch of orders for nothing.

This lesson was very deep. Later, when I opened a long position, I set my stop-loss in advance. But honestly, how easy is it to think of a stop-loss when going long? That’s experience in the market — either buy with money or pile on with flesh and blood.

Now I’ve summarized: shorting can be satisfying for a moment, but going long is more likely to keep exploding. Long traders either die at the top or fall into the abyss, while short traders just need to hold on with money and have a chance to recover. Yesterday’s liquidation actually helped me sleep better. My simple New Year’s wishes: eat well, sleep soundly, have money to spend, be loved, and be happy every day.