Finally climbed out of the deep pit of $HYPER 😂

A few days ago, I placed a long position and then went out for drinks. Since I don't usually trade contracts, I forgot about it.

The next afternoon, I checked and almost faced liquidation, so I quickly added margin, and thus began my journey of holding the position. The contract account went from 10,000 USDT to 50,000 USDT.

After calming down and looking at this project, I felt that 0.2 should be the bottom, and it should be able to bounce back, so even when my losses reached 300%, I kept my composure. Sure enough, just now a big bullish candlestick surged up; I didn't get drowned and became a lucky monkey.

I read Master Brother from Australia’s article on contracts and completely agree; the contract market understands its own shortcomings better than we do—wanting to win but fearing losses, and being greedy for more.

Because I was writing this tweet, I missed the chance to close my position when I was at 100% profit. A candlestick went down again, and I only made about 20% profit at closing. I immediately started regretting why I didn't take profits earlier.

You see, it’s truly pathetic. When losing 300%, I just wanted to break even, and once I broke even, I wanted to hold on a bit longer. When profits retraced, I regretted it. In just a few minutes, my mood swung back and forth several times.

People usually think of themselves as rational, but leverage makes people impulsive, willful, and makes decisions based on emotions.

Afterwards, they regret their shortsightedness, superficiality, and pursuit of instant gratification.

This time I lucked out and climbed out of the deep pit, but what about next time?

I used to be very resistant to contracts. After many years in the industry, I've seen too many people go bankrupt, and several thousand BTCs have been completely wiped out.

It's just that in the current environment of scarce liquidity in the secondary market, I have no choice but to use leverage to amplify my returns.

But without systematic learning, trading strategies, and discipline, losing everything is the inevitable outcome.