Odaily Planet Daily News Top trader Eugene Ng Ah Sio posted on the X platform, "To provide some people with updates on how to deal with losses in real time, I recently experienced two drawdowns when trading perpetual contracts, and due to recent price movements, there have also been larger drawdowns in spot trading. The first trading error was due to a lack of discipline in executing my ETHBTC trade and closing the BTC short position too early. In the end, I closed the ETH long position and lost a net of $1.1 million on both trading pairs. Although I avoided some pain, I decided to go long yesterday after the market crash on Friday. However, the market obviously did not reward this decision, and the spot price continued to fall to 60k. The entire account lost about 3-4%, a total of $750,000, and I have closed all positions. After this time, I clearly realized that the unknown unknown factors have increased. Although the risk-reward ratio of buying support is generally better than chasing momentum, I am not sure about 60k. Will it hold? Also, I am feeling emotionally unbalanced for the first time in a while, so I have decided to step away from trading for the next few days and adjust my mindset. It won’t always be easy, but we will pick ourselves up and keep going.”

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