Reborn After Liquidation
At three in the morning, the blue glow of his phone screen fell across Chen Hao’s face. He stared at the candlestick chart, his eyes bloodshot and his fingers trembling slightly.
His account balance showed 120,000 yuan remaining. It was all his savings.
Three months earlier, Chen Hao had been a “futures trading guru” who loved showing off his gains on social media. Back then, BTC had climbed from 58,000 to 72,000, and he’d been going long with 50x leverage, earning steady returns of more than 3 percent a day. His friends called him “Chen Fifty.” He thought it was a pretty impressive nickname.
“Futures are basically an ATM,” he’d once posted in the group chat.
Things turned around last Thursday. That day, he saw RLC suddenly surge, shooting from 0.38 yuan to 0.97 yuan—a gain of more than 150 percent. He thought, With a market like this, I’d be letting myself down if I didn’t use 100x leverage. So he put all 120,000 yuan on the line and opened a 100x leveraged long position in RLC.
The moment he opened the position, he felt like he was on top of the world.
For the first thirty minutes, he was up 20,000 yuan. He took a screenshot and posted it in the group chat with the caption, “Chicken legs for dinner tonight.” The group was full of envious replies.
Then the market began to pull back.
RLC fell from 0.97 to 0.80 yuan. He reassured himself it was just a normal correction. When it hit 0.70, he started to panic. At 0.50, the system sent its first warning. At 0.40, his finger hovered over the “Add Margin” button. He hesitated for a full ten seconds.
In those final ten seconds, he did nothing.
When the liquidation notice popped up, he could hear his own heartbeat. 120,000 yuan, gone. The whole thing had taken less than forty-five minutes.
Chen Hao didn’t sleep that night. He closed all his futures positions and uninstalled the trading app. The next morning, he went to work as usual. When a colleague asked why he looked so awful, he said he hadn’t slept well.
For the next two weeks, Chen Hao seemed like a different person. He stopped watching the charts and checking crypto group chats. After work, he went running every day—ten kilometers, rain or shine. As he ran, he kept replaying those ten seconds of hesitation in his mind.
In the third week, he got back into the market with the 3,000 yuan he had left. This time, he didn’t trade futures. He simply bought ORCA on the spot market. At the time, ORCA was only 1.95 yuan, and everyone said the coin was going to zero.
He bought 1,500 tokens.
Then he started researching the project: reading the white paper, studying on-chain data, and joining community discussions. He stopped dreaming of getting rich overnight and began tracking ORCA’s daily active addresses and liquidity changes instead.
A month later, ORCA rose from 1.95 yuan to 2.70. He sold a third and recovered his initial investment. Two weeks after that, ORCA broke through 2.90. He sold another third.
He put the remaining 500 ORCA in a cold wallet and stuck a note on it: “A lesson learned.”
Now Chen Hao has 80,000 yuan in his account. It isn’t much, but every yuan is honestly earned. He still speaks up in the group chat now and then, but he never shows off his gains anymore.
Someone asked him, “Do you still trade futures?”
He smiled and typed four characters: “No. I run.”
Then he turned off his phone and went out for a ten-kilometer run. The autumn wind was chilly, but he felt clearer-headed than ever.
#合约爆仓 #爆仓重生 #TradeRationally
At three in the morning, the blue glow of his phone screen fell across Chen Hao’s face. He stared at the candlestick chart, his eyes bloodshot and his fingers trembling slightly.
His account balance showed 120,000 yuan remaining. It was all his savings.
Three months earlier, Chen Hao had been a “futures trading guru” who loved showing off his gains on social media. Back then, BTC had climbed from 58,000 to 72,000, and he’d been going long with 50x leverage, earning steady returns of more than 3 percent a day. His friends called him “Chen Fifty.” He thought it was a pretty impressive nickname.
“Futures are basically an ATM,” he’d once posted in the group chat.
Things turned around last Thursday. That day, he saw RLC suddenly surge, shooting from 0.38 yuan to 0.97 yuan—a gain of more than 150 percent. He thought, With a market like this, I’d be letting myself down if I didn’t use 100x leverage. So he put all 120,000 yuan on the line and opened a 100x leveraged long position in RLC.
The moment he opened the position, he felt like he was on top of the world.
For the first thirty minutes, he was up 20,000 yuan. He took a screenshot and posted it in the group chat with the caption, “Chicken legs for dinner tonight.” The group was full of envious replies.
Then the market began to pull back.
RLC fell from 0.97 to 0.80 yuan. He reassured himself it was just a normal correction. When it hit 0.70, he started to panic. At 0.50, the system sent its first warning. At 0.40, his finger hovered over the “Add Margin” button. He hesitated for a full ten seconds.
In those final ten seconds, he did nothing.
When the liquidation notice popped up, he could hear his own heartbeat. 120,000 yuan, gone. The whole thing had taken less than forty-five minutes.
Chen Hao didn’t sleep that night. He closed all his futures positions and uninstalled the trading app. The next morning, he went to work as usual. When a colleague asked why he looked so awful, he said he hadn’t slept well.
For the next two weeks, Chen Hao seemed like a different person. He stopped watching the charts and checking crypto group chats. After work, he went running every day—ten kilometers, rain or shine. As he ran, he kept replaying those ten seconds of hesitation in his mind.
In the third week, he got back into the market with the 3,000 yuan he had left. This time, he didn’t trade futures. He simply bought ORCA on the spot market. At the time, ORCA was only 1.95 yuan, and everyone said the coin was going to zero.
He bought 1,500 tokens.
Then he started researching the project: reading the white paper, studying on-chain data, and joining community discussions. He stopped dreaming of getting rich overnight and began tracking ORCA’s daily active addresses and liquidity changes instead.
A month later, ORCA rose from 1.95 yuan to 2.70. He sold a third and recovered his initial investment. Two weeks after that, ORCA broke through 2.90. He sold another third.
He put the remaining 500 ORCA in a cold wallet and stuck a note on it: “A lesson learned.”
Now Chen Hao has 80,000 yuan in his account. It isn’t much, but every yuan is honestly earned. He still speaks up in the group chat now and then, but he never shows off his gains anymore.
Someone asked him, “Do you still trade futures?”
He smiled and typed four characters: “No. I run.”
Then he turned off his phone and went out for a ten-kilometer run. The autumn wind was chilly, but he felt clearer-headed than ever.
#合约爆仓 #爆仓重生 #TradeRationally