Another chain tragedy caused by heavy positions and fear of stop-losses!❗

MAGIC is showing a clear upward trend. I had previously been trading with light positions, but later firmly believed that it wasn't done rising. Since I couldn't earn much with light positions, I impulsively opened a 500U long position. After entering, it fluctuated without rising. I thought it wouldn't drop further and added another 500U. At that time, I had 87U left and opened a 1000U long position. A slight pullback scared me into a stop-loss.

The subsequent two short positions were opened randomly. In one night, I lost over thirty. One position lost 20U, and I completely lost my clarity. I thought about using heavy positions to short and make it back, but after entering, it barely dipped and continued to rise, leading to further fear and stop-losses 😓. In fact, not losing could still mean making a profit; long positions can be profitable without losses, and short positions can also be profitable without losses.

Sigh❗ It's the beginning of the month again, and it's the weekend. My feelings are complicated, and my mind is in a state of chaos. Just yesterday, I received a text from Paipai Financial saying they would sue me. I don't even know if they really intend to sue; I've exceeded 1030 yuan.