$FF This time really taught me a clear lesson—I ended up losing 1,200U straight away, roughly two months’ salary. That day I saw FF spike up to $0.10; in 24 hours it was up 18.30%, with $39M in trading volume. I thought, “Okay, this trend is solid,” so I rushed in and chased. So what happened? I bought at $0.098, and right after entering I watched it drop from the highs all the way back—hitting a low of $0.08. The drawdown wiped out basically my entire position. I didn’t set a stop-loss, and I naively thought that a pullback in a high-volatility token was just normal “washing out.” But it kept falling, and I got more and more panicky. In the end, I cut at around $0.085, losing 12% in a single day. Now that I look back, the mistakes I made are way too typical: First, I treated the “24h high” as the “trend starting point,” completely ignoring the driving force behind that surge—stocks in the US crashed hard due to news of a military strike by Iran, Treasury yields and oil prices spiked, and the risk-off sentiment was so strong. And yet I still dared to chase a token that’s highly correlated with macro risk. Tokens like FF, with high volatility, tend to amplify emotions. When oil jumped more than 3%, the market was already dumping risk assets—but I was adding to my position. What else is that besides handing over money? Second, I didn’t understand FF’s fundamentals at all. I just saw big trading volume and assumed some “market maker” was protecting the price. $39M volume is indeed not small in high-volatility tokens, but the pump and the dump are done by the same group of people. I, a retail trader, am just liquidity. At that $0.10 level, all above was profit-taking. I went in right then—I was the bag holder. Third, I didn’t set a stop-loss. I kept thinking, “The rebound will be fast,” and let wishful thinking replace discipline. I held on until it got cut in half before admitting defeat. If I’d set a 5% stop-loss back then, I would’ve lost at most 200U instead of 1,200U. I’m not saying all this to seek sympathy—I just want to scold myself awake: high-volatility tokens aren’t impossible to play, but you have to respect risk more than the “whales.” Macro news (like today’s Iran situation, and the US stock crash) will always be the top priority. Any token will fall with the market in panic—don’t believe in an “independent行情.” Now FF is back around $0.10, but I won’t touch it again. This money isn’t something I can earn. Remember: the higher the volatility, the more traps there are. Your principal is someone else’s prey. See you in the comments��