Contract trading can lead you to success, but it can also lead you to irreversible ruin. There are many bloody examples; liquidation is not an isolated case but a true portrayal of too many people in the crypto world. Most people's experiences are quite similar. Starting in the crypto market, earning a few dozen dollars and laughing, then increasing greed thresholds and leveraging positions until you earn your first bucket of gold, thinking you are a genius, the chosen one, overflowing with confidence. Often, this period marks the beginning of a turning point, leading to a significant mistake that causes profit withdrawal. From then on, your mentality begins to change; you become unwilling and believe that the withdrawn profits must be reclaimed. You begin to operate more frequently and aggressively, decreasing your risk awareness, living through days of fluctuating profits and losses until one day you see your account balance decreasing, and anxiety intensifies until one day that trade appears. Faced with the floating loss of your position, you no longer want to incur losses, you don’t want to stop loss anymore. The loss aversion psychology reaches its peak, and you choose to hold on, determined to fight back...

Things went against your wishes; the K-line will not change due to your will. Until you receive the exchange's liquidation warning, you start to regret why you didn't set a stop-loss back then. At that time, you only lost a little, but now you've lost everything. Praying desperately not to get liquidated, you constantly watch the K-line, your body trembling involuntarily, every moment feels like torture, smoking one cigarette after another, the K-line ruthlessly approaches your liquidation line until it triggers forced liquidation. At that moment, your tense nerves suddenly disappear, and you find yourself devoid of too much emotional reaction. You are exhausted, light a cigarette, look at the screen and sigh, the painful torment is finally relieved. At this point, the side effects of the liquidation have not fully manifested. You lie on the bed, feeling weary, and as soon as you close your eyes, memories rush back from your initial entry into the crypto world to achieving small successes, and now to this situation. You begin to reflect...

Thinking about it, tears soaked the pillow.

You are afraid, feeling that you have no hope left.

You regret, hating yourself for being controlled by greed and emotions.

You are anxious, wondering how long it will take to earn back what you've lost.

You feel ashamed, as the expectations you promised to your loved ones turn into illusory bubbles.

…These wild thoughts entwine like a nightmare, echoing in your mind every moment in the days to come. You become listless, unable to muster any motivation, and even the simplest things seem meaningless. The ambitious aspirations of the past are shattered, replaced by endless emptiness and confusion.

Perhaps one day, you will muster the courage to reassess this cruel game. You may realize that the market's ruthlessness is not directed at individuals but is a trial of human nature. Those days of liquidation, though deeply etched in memory, have gradually helped you see your own weaknesses. You begin to learn how to manage risk, how to curb greed, and how to maintain a sliver of clarity amidst the whirlpool of emotions. The road in the crypto world is still long; liquidation is not the end but the starting point of rebirth—if you are willing to stand up again.

Bro, believe me, this is just a necessary episode in trading. Looking back, the light boat has passed through countless mountains. If you are experiencing the gloom after liquidation, deeply trapped and unable to extricate yourself, or you are a newcomer to the trading circle worried about facing the same difficulties, in the next article, I will share practical experiences based on my own lessons from multiple liquidations.

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