The truth always becomes clearer with debate. But in the end, it may not necessarily result in a fair outcome .. On September 7, 2021, cryptocurrency plummeted and I was unable to close my position due to Binance's downtime, resulting in a direct loss of over 5 million yuan and a loss of 10 million yuan on the same day+ I escaped the sharp decline in November 2018 because I didn't have any money when I first entered the industry .. I also escaped the sustained decline of 312519 and the subsequent plunge But I didn't escape 97, the only Waterloo of my trading career Due to losing control of the explosive loss mentality, it resulted in another loss of 10 million yuan in the following half month In just over half a month, a loss of 20 million yuan was incurred+ This may be a hurdle that I will never be able to overcome on my 13 year trading journey I also need a truth. At that time, apart from sleeping for 6-7 hours, all other time was devoted to the market, so perhaps the feeling of ownership at that time was also the best in one's life After a round of unilateral rise in 97, I am actually ready to hedge and reduce positions at any time because the risk is increasing When there is a break in the market in the small technical level, the investor's Huobi account will be cleared as soon as possible Subsequently, I logged into my Binance account to close my position. However, due to increased market volatility, Binance went offline and was unable to close my position. I directly messaged Binance personnel and dealt with the situation back and forth, watching helplessly as my account ran out of margin and lost over 2 million yuan (in a position by position mode) But due to the ongoing handling of the Binance account issue, it was only after the end that it was discovered that FTX trading had larger leveraged positions Also, at that time, only BTC and ETH contracts were played, and large positions were only held in these two, with less leverage So, only, yes, waist, chop .. Not directly liquidated For over four years, I have been stuck in this shadow and unable to step out Perhaps many old fans know that the FTX exchange gave me a 1000U experience gold I treat it as a joyful bean The lowest loss was 245U until the last bull market, during which a withdrawal was made and eventually reached 2.2 million U Once at Waterloo, I lost my heart It took me several years but I still haven't recovered. I'm no longer the person I used to be Some trading wounds may not heal over time I like to look inward If I had placed less margin on each position at that time, even if the margin in my Binance account was liquidated, I would have lost even less If we had hedged against the FTX exchange in the first place, the losses might have been better controlled .. At that time, this matter was also directly raised with Binance personnel, but it was left unresolved .. I used to always share with others Cognitive self, cognitive market But this market is far more complex than we imagined To compete with oneself and the market, you also need to compete with the rules of potential game makers that we cannot see... I would like to share with you a passage from the year 312 in 2020 onwards The path of trading is too difficult, with too much hardship, pain, and torment, and every stage has its own difficulties. But we always need to do something in this life that will be worth remembering and being proud of for ourselves as we age in the future. Just love it, love it deeply, gradually become a sentiment, not for the sake of results.