Trading experience of losing 200 million yuan in two months: 1. The upper limit of short selling is limited, and the upper limit of long selling is unlimited, so everyone is willing to go long and wants to bet on small gains. Do you think you have 100u of principal and 50x leverage, but you really have 5000u? These are all fake contracts that amplify losses and gains. Why should I go short through contracts? Because the options products in the cryptocurrency market are not yet perfect, I won't go long through contracts. If I am bullish, I will directly buy spot 2. All of my total positions are within my ability to afford losses, and I will ensure that I never sell out. Many people can make money as long as they hold onto their positions, but they all die before dawn 3. Coins will not keep rising or falling due to cycles. There are too many retail investors in the coin market in the early stages. If you start trading stocks, you will find that there are too many idiots with money here Over the past two months, the total amount of funds withdrawn has been around 20-30 million, and my investments have always been very conservative. But we have seen the arrival of a downward cycle, and the arrival of a bear market is also not a consensus. However, you can see that for so many years, project parties have been rushing to issue coins to cash out when liquidity is good 5. I take out 10 million and allow myself to lose money. If I can't bear the loss, I won't be able to gain an increase. The principle of life is the same. But recently, my mental energy was insufficient, and I couldn't accept losses or integrate knowledge with action, missing out on some opportunities 6. The rise of the copycat market will not come. Even if Trump takes office and pushes cryptocurrency to the peak, outsiders will only know Bitcoin or the top 10 in market value. The banker estimates that they will pull the market, but in the end, they will also need to sell and unlock the tokens, and their market value will return to the matching level. Making money is a process, and strategies need to be adjusted at each point in time. Embracing new things, daring to lose money, but also controlling risks to stay at the table. I allow myself to make mistakes, which are opportunities for growth. At the same time, I sincerely wish all the friends around me who have made money without jealousy, as they deserve it. There will definitely be better opportunities waiting for me, I have patience.