20260116 Trading Review: Learning from a Deep Lesson to Uphold Five Unchanging Principles
A month ago, my Bitcoin short position was still profitable, but I firmly maintained my bearish outlook to 85,000 and chose not to close the position. Unexpectedly, the market surged from the beginning of the year, turning my profitable short into a loss, and dragging down several major coin positions as well.
Under my original position management strategy, I could have weathered this volatility. However, the fatal mistake occurred during the 'holding period'—I impulsively opened short positions on several altcoins (RIVER, RVV, ESPORTS), resulting in losses exceeding 3,000U within a short time. This put my already safe margin at serious risk, forcing me to use my last savings and borrow money from a friend to maintain my positions.
At this point, this Bitcoin short position was no longer just a trade—it mirrored my entire trading experience: closing the position for profit means discipline triumphs over侥幸; continuing to lose means I must pay the full price for this lesson.
Looking back on my actions over the past month, I deeply realize: some truths, no matter how many times others explain them, are meaningless unless you experience them firsthand and truly suffer through them.
In summary, these are the five principles I must strictly adhere to:
Never be greedy—stick to your plan without exception When reaching your target profit level, take profits or reduce position size decisively. If signs of a trend reversal appear, exit immediately and stay out, with no illusions.
Always respect the market—set stop-losses Losses are part of trading, but uncontrolled losses are not. A stop-loss is not weakness—it’s responsibility toward your capital.
Diversify asset storage—keep emergency reserves Never put all your funds in a futures account. Always keep part of your capital in spot or stable assets—this is both a safety net and a psychological buffer.
Never open new positions casually during holding periods Especially during a holding phase, emotions are easily amplified. Any 'convenient' trade can become the final straw that breaks your mental resilience.
Trading is a battle with human nature—discipline comes first The market is never wrong; it's our judgment and execution that are flawed. Entering too early, exiting too late—both stem from lax discipline.
This experience may have come at a heavy cost, but it has made me fully understand: in the crypto world, longevity matters more than short-term gains. May my lesson serve as a warning to you. And may I truly move forward from this lesson.
$RIVER The long and short positions differ by 10 times, the bears have been stripped bare, the owner is really ruthless, a fee once an hour, the crypto world is really disgusting 🤢
$LIGHT encounters a desire to short, first entering with a small position to act on my impulses, since the direction is almost always wrong anyway, I will increase the position when it's at a high point. This method actually works; perhaps trading is contrary to human nature, as the initial feeling to short is often inaccurate.
The fee of $FHE is about to change to -2, which will trigger a charge every hour. I think I'll leave first; it feels like the dog house wasn't set up well.