This PIPPIN trade directly wiped out my small position.

Why? Gambler’s mentality + loss of emotional control.

What about the rules I set for myself before? Futures positions always controlled within 5%, keep trying with small funds to survive. Two paths: either add more funds to lower leverage, or use a small position with higher leverage. Only watch three coins a day, and open a maximum of three trades.

So what happened? How many times did I go back and forth with PIPPIN? Completely disrupted my own trading rhythm, lost my market sense.

Now I understand: the end of futures trading is liquidation, this isn’t just a scare tactic. Chasing the same coin repeatedly will only get you trapped in the end.

This time, I paid for my lesson. Starting today, these ironclad rules can’t be broken:
• Always use only 5% for trial trades
• Maximum three trades a day
• Don’t get obsessed with a single coin

Once you set the rules, you have to follow them, or you’ll end up paying tuition again sooner or later.