When I first entered the circle in October, I went from Alpha Mining to Spot trading, and finally touched on the contract part. To be honest, I didn't miss a single penny of the tuition fees — I have tasted the experience of getting liquidated and have also experienced chasing the price and getting trapped. Fortunately, after a few months of ups and downs, I finally managed to recover my principal.

But now I understand, this is just the beginning.

This market requires respect. Don't always think about catching every wave of the market, and definitely don't have the daydream of "going all in for a comeback." Price fluctuations are essentially a probability game; you need to learn to set limits for each trade—where your stop loss is, where your take profit is. Set rules in advance, and don't wait until the market smacks you in the face to regret it.

I have developed a habit: every time I close a position, I will review it. Why did I make a profit? Where exactly did I go wrong when I lost? By recording these, I can gradually figure out the trading rhythm that suits me.

The mentality is quite mysterious. Don't get carried away when making money, and don't panic when losing money. The market is always there, but you need to live long enough to wait for the real good opportunities. Stay calm, don't rush, and being a reliable trader is more important than anything else.