This year, from the beginning of the year to now, this is the second time I have experienced such a large retracement. Life always has so many surprises.

At the very beginning, I only traded BTC because during that time at the beginning of the year, various altcoins were very volatile. I don't like trading highly volatile altcoins. It wasn't until the market settled that I started trading a few altcoins. By November, BTC directly surged above 70,000 and continued to rise. My previous judgments and trends regarding BTC completely failed. I rely heavily on experience and value when trading, so I temporarily set aside BTC. Throughout the process, I also kept an eye on other coins. For institutional coins, I have my own recognized value points. I have traded quite a bit with coins like WLD, APE, and ENS, but to be honest, I haven't made super high profits. However, I did make around 20,000 USDT in profit from shorting institutional coins. During the rally in December, I didn't think that shorting was wrong. I believe my mistake was entering long positions too early and too quickly. My error was that I shouldn't have led others to follow me into AAVE; I should have opened AAVE on my own. I didn't have a lot of confidence in FTM either, but I still opened a position. I apologize for this. If I hadn't rushed to make a profit at the end of the month, I wouldn't have led others to losses. I also opened quite a few short positions, but ended up stopping out a lot. In the end, I increased my position in WLD, which indeed met my expectations and helped me recover quite a bit. Generally, my total contract position is around 20,000 USDT. The previous 20,000 USDT was already completely lost, so I finally transferred another 20,000 USDT from my reserve, but it got wiped out again. During the big correction a few days ago, WLD helped me recover quite a bit.

Returning to the topic of following trades, I personally am very willing to discuss market analysis and share my personal views with everyone. I also quite like finance because I enjoy playing with value positions, so I really like to make trades. Additionally, I prefer to aim for high returns when using low leverage, which has also led to this round of losses. If I were to trade personally, I would definitely hold WLD and APE closely. I am uncertain whether I would run away from AAVE, but ENS should continue to rise. During the process of opening short positions, many friends have given me suggestions, and I’ve also faced criticism. A typical example is when a friend told me not to short during a bull market. I agree with this statement, but at that time, it was already too late. Initially, I told him not to rush; our position wasn't high, and a correction would bring it down. I thought I could still add positions, but later, he kept telling me not to add positions. I didn't know what to say. In the end, I opened some positions and gradually increased them, but the subsequent rise was indeed too high. At this stage, I started to fear being directly liquidated, and my mindset began to have issues. I made many poor trades, leading to even stronger trading emotions, blindly trying trades. In the end, the direction was right, but it resulted in a loss. A typical example is FLOKI. I actually wanted to open a position on December 5th, and you can see that I built some small positions to test the waters, but ultimately closed them. After that, it did rally, and I incurred losses. During this process, I was quite unwilling to accept it, and then I wanted to start building positions on December 10th. However, it kept rallying and had a slight correction. I started building positions again at those levels. I didn't follow my own trading logic; instead, I acted like a retail trader driven by market fluctuations. During that phase, I wanted to go all in, and the final result is clear to everyone: my operations were indeed very poor.

In October and November, I was in a phase where my market sense was explosive; I could basically make money on every trade, with profits coming mainly from SATS, RATS, and some other small altcoins. Throughout the process of leading trades, I wanted to help everyone make money, but I underestimated the brutality of the capital market and overestimated my own abilities and mindset. Sometimes I would think about what would happen if I stuck to my views for that week, but there is no turning back in life. At that moment, I had already received a failing score. Currently, I can only adjust my mindset, redo the trades at hand, and learn from the last round of experiences. Trading is a process that goes against human nature. If I were just trading on my own, it wouldn't be such a big pressure. Those of you willing to trade with me are showing me trust, and I don't want to let this trust down. As I began to feel anxious about opening positions without consistently showing positive returns, I started seeking opportunities. I am just an ordinary person. Previously, when others asked me how to make money in contract trading, I would always reply, 'As long as you have patience, you will definitely make money.' Obviously, in my losses, I forgot this saying. I will remind myself that I absolutely cannot make the same mistake a second time.

Finally, I hope everyone achieves their wishes in the market and has smooth trading!