Paying tuition is not as good as donating it out $ZEC others lose money while we make money! You didn't listen to me 694-708 shorting zec #zec now it's too late to regret, right?

ZEC long position liquidation, didn't expect to hit the day with the largest historical drop. The end result of not following discipline is certain.

Lost 12,000 USD in one day.

Fortunately, that's all the money I had.

Tuition fees must be paid in the end.

Entered the market for a month, liquidated and exited.

I still think my trading ability is quite strong; if ZEC had only dropped ten dollars less, it would have held.

But speaking of which, if it had held this time, there would still be a next time.

If a spike like the one in October occurs, it ultimately cannot be sustained.

The unrealized profit and loss of contracts can be misleading; it should actually be realized profit and loss because this unrealized profit and loss effectively equals increasing your leverage multiplier.

For example, with ten times leverage, losing 50%, you recover by increasing 5%, but closing a position while opening a 20 times leverage position has the same effect. It's just that you need to recover before closing and then open a ten times leverage position.

I still have a positive outlook on ZEC, but from now on, I will only buy spot.

Actually, the plan was to trade with light positions; I opened a 500 USD isolated margin position. Losing it wasn't a big deal, but the lucky mindset of wanting to recover ultimately dragged down the entire position.

Having not experienced it myself, I ultimately do not understand the severity.

12,000 USD tuition fee, saying goodbye to the market for now; I will return when I have money.