$龙虾 I recalled the reasons for my disastrous losses over these past few months. Seeing at the plaza that others were making several million from “shanzhai” (copies) per deal made me develop fantasies about shanzhai, thinking there would be bigger price swings and more opportunities. Shanzhai isn’t completely impossible to touch—its market capacity is small and liquidity is poor—so you can only play small with low position sizing plus stop-losses, just messing around. If you can’t overcome the心理 of loss aversion, or if you like adding to your position when you’re losing, or if you’re the type to stubbornly “die” with one coin to the end, then don’t touch shanzhai. When your position size is large and your leverage is high, it’s very easy to be precisely liquidated (blown up) by the market