Had a chat with everyone about mindset issues and emotional management.

Yesterday I told everyone that I saw a high-v signal provider who became very arrogant after making consecutive correct calls for a week. At that time, I predicted that he would be back to normal in less than 3 days.

When I saw him yesterday morning, he had already returned the profits. Today I took a glance, and he had already liquidated last night.

I give this example not because I look down on him, but because this person's performance is just like my former self.

Dog Brother used 200 dollars and rolled it to 4800 dollars within a week. He also used 3000 dollars and made it to 24000 dollars within a week, infinitely magnifying profit in a wave of favorable market conditions, really very fast. Dog Brother was extremely inflated at that time, and I thought I had seen through this market, making money no matter how I did it. The outcome was also very brutal; after losing a large order, my mindset was unbalanced, and continuous losses led to liquidation, which probably happened within 2 days.

I understand human nature too well, so when I see him at this moment, I already know his fate.

I have experienced this too many times; the dopamine rush brought by contracts is something ordinary people cannot resist.

In the crypto world, when playing contracts, you should know that less than 5% of people are truly making money. Dog Brother really wants to guide you towards that 5%.

Yesterday during the day, I said I cut my losses, and looking back, was the loss that significant? Just over 300 dollars, did I make a mistake at this price? I now feel this is the only way I could minimize my losses, and I’m glad I did the right thing. The stop-loss price I set has not rebounded up to this point.

No one is willing to cut losses, even if it's just a little, even if it's only 100 dollars, 200 dollars, they can't bear to do it. But it is precisely because of this layer of human nature that many people end up getting liquidated because of this 100 dollars or 200 dollars. If I have a small loss on a trade, I know I can easily find an opportunity to make it back, even if I can't make it back today, I can wait for the market to stabilize tomorrow and find an opportunity to recover just the same. But

If I lose 2000 on a single trade, my mindset will also be affected, and I think it would be quite difficult to earn it back with just one trade. Before going to bed yesterday, I secretly placed a trade, with a stop loss at 2700, having set a small position of 5. I thought if I lost, then so be it; I would consider it a loss of 500 dollars today, which is still within a controllable range. When I woke up in the morning, I took my profit, and it turned out that I actually made money yesterday. But this was just luck.

I believe everyone has made a considerable profit in contracts to some extent, but liquidation is almost always due to a consecutive series of losses after one. Dog Brother has set some rules for himself, hoping they will be helpful to you.
1. I will never go all in; my liquidation price will always be far enough away.
2. When the market deviates from my expectations, I will choose to manually close my position or directly set a stop-loss, rather than letting the loss increase.
3. After a stop-loss, I will force myself to calm down for a while, rather than rushing to open a position again immediately to recover losses.
4. If I incur consecutive losses exceeding a certain limit, or exceed 3 trades, I will choose not to play today. I will wait until I clearly understand the market conditions before I enter.