I opened a position at 2726, and it dropped afterwards. I optimistically thought it would definitely break the previous high, and once it broke the previous high, wouldn't it be just a moment to reach 3000?

I didn't expect that Ethereum would drop all the way down. I added to my position halfway and averaged down to 2703, and the liquidation price came to 2486. I panicked. When I opened the position, I set my stop loss around 2626, which was its starting point of rise. I knew very well that if it broke below this point, then the trend would reverse, and I shouldn't be bullish anymore.

Human nature is so indecisive. I actually canceled the stop loss at 2626. I thought it would definitely reverse, but it dropped even harder. In the blink of an eye, I lost half of my position. There's no way around it; based on past liquidation experiences and Murphy's Law, what you worry about will definitely happen... I made the tough decision to cut my losses...

Trading is against human nature. Even if it's hard to let go, even if it hurts, if you're wrong about the direction, don't stubbornly hold on.

Find a way to survive, then there's hope for a comeback. Sure enough, today it dropped to the liquidation level of my previous position. If I had stubbornly held on, I would have received a forced liquidation email this morning. If I had chosen to add margin, I would have had a sleepless night, mentally broken.

So for my own sake, in the future, if the loss on a position exceeds 30%, which is this psychological limit, I must cut losses...