1. Today I made a basic mistake again ~ on a new platform, doing funding rate arbitrage, and ended up pressing the wrong button when opening a short position, resulting in a long position instead. This is equivalent to having a full hand of long positions, while still having to pay the funding rate.

At this time, the best practice would be to cut losses (I've made similar mistakes before), but today the timing of opening the position was wrong; as soon as I opened it, it directly dropped, trapping me immediately. Coupled with the emotion of loss aversion, I just held on. Originally intended for arbitrage, it ended up becoming someone else's profit.

This feeling is actually quite uncomfortable, but fortunately, it eventually rose back up and I only lost 20U (as a cost of making a mistake), which allowed me to set up a hedge and quietly earn the funding rate. Recently, the on-chain funding rate has been quite comfortable, and occasionally there are returns of over 100% per year.

2. Today Binance launched a new launchpad ~ bio. I personally don't have a good feeling about this project, and after calculating, borrowing BNB and FU is no longer feasible, so I chose not to participate and didn't buy in at the opening.

This kind of VC coin, others are at 1/10 or even 1/20 of the cost. Just waiting for it to be listed on Binance to sell to those who are FOMOing.

The project itself is still very hard to make money in the short term, relying on selling coins to profit. This is just a wave of emotional money, and then retail investors picking up the pieces.