I've been in the crypto space for three months, and I've already experienced the power of contracts.

Every day, I wake up and see candlesticks; I can't focus on work, don't want to play games, and even become indifferent to those around me—my girlfriend complains that I have no energy to pay attention to her. During that time, my mind was only filled with coins, and I could talk about market trends all day long.

Speaking of losses, those experiences still hurt when I think about them now. RIVER held for 11 days, and the fees ate up two-thirds of my position. I shorted at 2.2 on the bull head, held for a few days, but it crashed and I didn't make any profit. Also, PIPP, my record was a straight defeat. Every time I thought holding could turn the tide, it only deepened the loss.

I've seen many people suffer losses in contracts. Some say shorting at high levels can guarantee profit, but what about reality? The market is so distorted; some people make money, and others lose—often, retail investors like us are the ones losing.

The most heartbreaking thing is—rather than blaming the market, it's better to reflect on how insufficient our understanding is. Because this is fundamentally a game of severe information asymmetry.

Holding positions is really painful. During that period, I understood very clearly that when you're constantly holding, other operations are basically losing. Can't get out, and it becomes a vicious cycle.

My current mindset is simple: from now on, I must strictly implement take-profit and stop-loss. No luck, no exceptions. I hope everyone can live a little smarter in this market and make steady profits every day.