The price has rebounded, but my position is gone – this is perhaps the most common experience for contract traders. Lately, I've been reflecting a lot: why do my trades always fail? Why, even when the direction is right, do I still not make money? Why do I panic and even sell at a loss every time the price bottoms out, when it's a good opportunity to buy? Why, even when I know it's going to reach a certain level, do I find it hard to accept when it actually arrives? This is perhaps a classic case of inconsistency between knowledge and action, and the biggest pain point in trading. A sharp drop is an opportunity, but I often already have a large position before the drop. Facing huge unrealized losses, panic is normal. Then I'm trapped, without funds to buy more, or even afraid to buy because of the losses! Ugh, it's so frustrating! Greed without reward, bluster without substance, missing opportunities – that's me! For example, I was very convinced there would be a big move in the first half of the year, and I was still thinking about opening a contract. But I couldn't bear the losses, so even though the direction was right, I still couldn't make money. What am I supposed to do? Exchanges must love people like me!

Sigh, it's all tears when I talk about it. Before, I wasn't worried about floating losses of tens of thousands of dollars, but now I can't even stand floating losses of a few thousand dollars.

It's Chinese New Year, so take good care of yourself and adjust your mindset.