Weekend market is quiet. I tried opening positions in a few small cryptocurrencies, but the funding rate ate up about 500U of my funds. I wanted to place a few orders on Ethereum tonight, but they haven't been filled yet. Otherwise, I could have caught this wave too. Forget it, I still need to stay grounded.
Looking back at my account, the 1,000U principal has grown to 6,480U. With precise calculations, it should be close to 7,000U. However, I lost 1,000U on futures contracts. This lesson is very deep—I'll never touch futures again in the short term. Currently, I’ve invested 2,100U in spot trading. Let’s just steadily accumulate like this.
Along the way, I truly understand the importance of fund management. Instead of chasing quick profits, it's better to focus on risk control and sustained growth. Maybe I will be the next trader to achieve 10,000x returns? We’ll see through actual actions.
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ClassicDumpster
· 7h ago
The fee eats up 500u, that's really awesome. The 1000u loss on the contract is considered tuition. At least now I understand, right?
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LiQinglan
· 10h ago
No market activity on Saturday and Sunday, basically don't open trades, wasting fees
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GateUser-74b10196
· 10h ago
Funding rate is really an invisible tax. I was thinking of bottom fishing over the weekend, but ended up getting bloodsucked... But on the other hand, the principal of over 6,000 USDT has grown, and now I'm actually more afraid.
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RadioShackKnight
· 10h ago
Haha, funding rates are truly an invisible sickle. Getting caught on the weekend is quite unfortunate.
To be honest, losing 1000U on the contract was worth it. Compared to those who go all-in and end up zeroed out, you're quite clear-headed.
But on the other hand, the process from 6480 to 7000 must be very stable. Accumulating in spot trading is indeed more enjoyable than watching the contract charts every day.
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SelfSovereignSteve
· 10h ago
Fees are really the hidden killer for small investors; I lost 500U just like that, feeling heartbroken.
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SnapshotBot
· 10h ago
Fees are truly invisible scythe-cutting, 500U is gone
Six times profit is pretty good, but only realizing a 1000 loss on the contract makes it clear, it's a bit expensive
Holding spot gradually is the real way, the aggressive days are over
A ten-thousand-fold dream is better left for newcomers, let's play it safe
The lesson of capital management, once you've paid the tuition, there's no need to pay again
Weekend market is quiet. I tried opening positions in a few small cryptocurrencies, but the funding rate ate up about 500U of my funds. I wanted to place a few orders on Ethereum tonight, but they haven't been filled yet. Otherwise, I could have caught this wave too. Forget it, I still need to stay grounded.
Looking back at my account, the 1,000U principal has grown to 6,480U. With precise calculations, it should be close to 7,000U. However, I lost 1,000U on futures contracts. This lesson is very deep—I'll never touch futures again in the short term. Currently, I’ve invested 2,100U in spot trading. Let’s just steadily accumulate like this.
Along the way, I truly understand the importance of fund management. Instead of chasing quick profits, it's better to focus on risk control and sustained growth. Maybe I will be the next trader to achieve 10,000x returns? We’ll see through actual actions.