Recapping the loss of each limb one by one.. It seems like I lost more than half..?
'Isn't this enough to fall out~' I really shouldn't have gone long while thinking like this.. This seems to have been quite significant.
This was the biggest reason for my injury this time.
It's all over now.. I have some cash and a bit of my holdings left. I'm reflecting on this while spending the holidays with my family.
Above all, I've felt this same emotion more than once, and I'm really angry that it happened again..
Besides futures liquidation, I was involved in staking through altcoin landing based on $STX and $IP (though staking is a hassle, my head exploded so much that it created a toxic debt, haha)
Puffdex work, a few promising alts I have in mind, low leverage longs, etc.. Everything got hit evenly. The cross was really significant..
After losing big a few times in futures, I made a principle to never trade futures with more than 10% of my total portfolio, and to always keep futures at 3x leverage or lower,
- It's okay since it's a Puffdex long operation~
- Oh come on, 3x won't blow up overnight~
- I'm just going to hold for 3 days and pull out~
As the bull market came, the screws started to loosen little by little, and what I said about 'never trading futures with more than 10% of my total portfolio, and always keeping futures at 3x leverage or lower' turned into 20% to 30% going into futures, and 3x became 4x, 5x, 6x, and eventually this disaster happened.
Well, since I broke my futures principle, I will cleanly admit that I lost an arm, but I'm having a hard time with my thoughts on Puffdex..
Such a drop is really rare, and I'm not sure if I should be scared of this and work conservatively, or if this should be included in the 10% futures trading ban.. I need to think about it more..
I think I got hit hard just when I thought I knew enough about coins. It feels like my karma.
Now, the season has come where I have to do the retro airdrop work that I was too lazy to do before, and I have to push through.
I think I should only do futures to this extent going forward..?
Just no longs at 2x / hedging shorts, only doing rapid shorts when it really goes overboard / and if I do, always accept the loss with ISO.
I think everyone is going through a tough time, but let's all overcome this difficult period together.. I will fight harder to get through.
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