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How I Lost Money in the Points Race
This story starts with a decision—I opened a BTC long position, planning to earn some trading points. I thought I could earn steady profits and get some cashback, but fate had other plans.
Suddenly, my computer crashed, and that was a big problem. By the time I managed to open my wallet, the harsh reality hit me: I had been liquidated with a loss of 7,000 USDT.
Isn't that heartbreaking? I bought that computer for 7,000 RMB, and it was wiped out in an instant by a liquidation—equivalent to losing the value of 7 computers all at once. Only those who have truly experienced it can understand that feeling.
This incident taught me a lesson: no matter how tempting the cashback rewards are, you must first ensure you can monitor your positions in real-time. Small-probability events like computer failures or network outages can be deadly once they happen. The trading market doesn't wrong you; it's just that you failed to keep an eye on your orders.