I calculated that my net profit this year is negative. Where did I go wrong?

Although I am involved in the crypto space, I am actually a person with a very low risk appetite. I have always maintained a dual allocation in US stocks and cryptocurrencies. BTC and ETH spot account for over 90% of my portfolio. In the US stock portion, I use a combination of stocks and options strategies, and I have consistently maintained hedged positions. I do have some long-dated options, but I only use a very small amount of capital for that. There are many options experts on RockFlow, but I should be the only one mainly relying on stocks to achieve an annual return of over 700%, right? Beautiful CEO @gowithflowai, can you verify that for me? Every day, when I see the big players on the daily leaderboard with over 1000% returns, I feel anxious, but I also understand that some money is not for me to earn. Who doesn't like to gamble? Of course, I do, but I can't win. In the stock market, I can still barely maintain self-awareness.

Even so, on August 5th, my stocks still got liquidated. Because of that big drop, my Futu and Huatai accounts both received Margin Calls. I didn't have time to rotate funds, and the broker forcibly liquidated a large portion of my positions. My leverage was originally less than 1.6 times, but I still couldn't withstand the extreme market conditions. My stocks rebounded significantly in the following two weeks, but my positions could never return to where they were.

What pains me even more is that my cryptocurrencies also got liquidated on the same day. Like many yield farmers, I held a large amount of ETH spot. When it dropped in early August, I opened a 3x leverage position thinking I could safely catch the bottom, with a liquidation price of 2160. That night, ETH spiked down to 2100, which just happened to liquidate me. The subsequent rebound had little to do with me. From that day on, I gradually converted my on-chain ETH to WBTC or withdrew it to a centralized exchange to sell. By today, I have only a few ETH left, and my main position has become Bitcoin spot. My mood has improved a lot since then; I am not as anxious anymore. Watching others trade contracts and make or lose money in the fluctuating market has nothing to do with me now.

During this time, I also took a few ETH to learn from others about trading dogs, and I am now close to losing everything. My biggest losses this year came from ETH: losses in spot, liquidation in contracts, and losses in dog trading. #memecoin is a good thing, but I really can't make money from it. I find it much harder than stocks.

Lessons from liquidation: Whether in the stock market or the crypto space, when people face liquidation, they tend to give up on themselves, experience emotional breakdowns, and resort to more extreme actions to compensate, resulting in even greater losses. I have gained experience from my multiple liquidations. When facing liquidation, the first step is to sort out emotions, then organize positions, abandon sunk costs, and start anew from the moment of liquidation. This is almost the only correct path.

I don't know if there will be other opportunities in the crypto space. Besides @buildonbob, I haven't participated much in yield farming. The only thing I can do now is to hold BTC spot and wait for a bull market.

I am still more suited for the stock market.

If you want to find my insights and share, you can follow me in these places:

My Futu Niuniu ID: Relly港港美股

My TG subscription number: https://t.me/rellyseekingalpha

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