Another well-known 100% win rate contract whale has completely fallen today, losing $44.8 million in a week, continuing to fulfill the truth of the cryptocurrency circle: whoever bets heavily on contract orders, does it! There was James/Insider/Magi in the front, and now there is this contract called 'Victorious General', Today we will review the trading journey of this big shot in the past 24 hours and see what we can learn from it: Firstly, there are bulls: SOL has 400000 shares, HYPE has 160000 shares, and the nominal amount is 60 million dollars. Then, they were chosen by the big line drawing experts to take advantage of the US stock pullback and plummet the market to below 100000 yuan. All the knockoffs followed suit, and these long positions were forcefully flattened. The system did not wait for anyone - the market price was completely destroyed. Lesson: * * Leverage is a sickle, you are not a reaper, you are a leek * *. No matter how bullish the trend is, it cannot withstand a stock explosion. Then there was a feeling of a bear market approaching, and retaliatory short positions were opened: around ETH 3300, more than 200 trades were aggressively placed with 11000 short positions. The average cost is 3290, with a price of 3445, resulting in a loss of 155 per piece, a total loss of 1.7M, and a handling fee of 30000 yuan. This is a typical case of being emotionally kidnapped: if the bulls explode, the bears will seek revenge. result? double play, double kill. Emotional journey: Greedy → FOMO chasing long → panic of liquidation → angry opening short → mechanical brushing → desperate stop loss → strong leveling to zero. Seven stages, completed in six hours. He has made all the mistakes that retail investors often make. What can I learn? 1. * * Stop loss is not a suggestion, it is a survival rule** 2. * * Retaliative trading=suicidal operation** 3. * * High frequency brushing ≠ professional, professional is low-frequency high win rate** Before the account is reset to zero, the system will not sympathize with you** The cryptocurrency circle is not a casino, it is a zero sum arena. 99% of the opportunities you see are set by others. A true expert? As I said, buy slowly when you are extremely fearful, sell slowly when you are extremely greedy. Don't chase, don't gamble, don't get emotional. Finally, if this brother sees: The account can be reset to zero, but the mentality cannot collapse. Next time, set a stop loss, turn off leverage, and take a nap before making a decision. The cryptocurrency industry is not lacking in stories, but in surviving wise people.