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These seventy-two hours, PIPPIN really put me through the wringer.
Now, as I sit here typing, my fingers are still trembling slightly. I haven’t had a proper night's sleep in three days, and my account balance jumped from 520,000 USDT to 2,640,000 USDT—sounds impressive, but this money was earned with a lot of anxiety.
The story starts at noon on November 30th.
PIPPIN was stuck around 0.11, barely moving, like it had lost power. I watched it for a long time, felt the timing was about right, and casually opened a long position. Then, as if it was injected with adrenaline, it shot straight up to 0.14.
Suddenly, there was an extra 790,000 USDT in my account. In a rush, I thought, “This trend is so clear, I have to go short now!”
That one move almost wiped me out.
The price didn’t turn back at all and soared all the way to 0.195. The liquidation line was right in front of me, and during those few minutes my palms were drenched in sweat—I didn’t even dare to breathe.
I had no choice but to urgently hedge with a long position at 0.192, as desperate as a drowning person grabbing anything in sight.
The toughest part was last night.
The price started to plunge—my long position was losing, my short was profiting, and I felt like I was being torn in half. I didn’t sleep a wink all night, staring at the screen until my eyes burned and ached.
This morning, the system automatically triggered take profit, and I finally crawled out from this torment.
The account stopped at 2,640,000 USDT.
Looking at that number, I couldn’t bring myself to smile.
I should have cashed out after the first take profit. Wanting to make a bit more—that’s human nature; stubbornly holding on till the end—that’s foolish.
True risk management means planning your exit before you open a position—not scrambling to fix things when you’re on the brink of liquidation.
The market’s temper has never changed: the more you think you’ve got it figured out, the more it likes to slap you in the face.
This time I made a million, but I also paid a million in tuition.
Someone asked me if I’d dare to do this again next time.
My answer is only eight words: Better to miss out than to stubbornly hold on.
Crypto isn’t about who makes money faster—it’s about who survives longer.
After these three days and nights, I truly understand that now.