In 2025, I stood at a relatively high point.

Looking back on the entire year of 2024, my assets multiplied 60 times through spot trading and meme hot spots. Although I withdrew some for daily expenses during the period, the main gains still came from trading itself.

At the beginning of the year, when friends came to find me, I was already planning a semi-retirement for a global trip. At that time, I was convinced that the biggest market movement would arrive this year and also end this year. I was living in the fantasy of reaching the peak moment — as long as the market rose a little more, I would be completely satisfied.

But within a month, reality gave me a harsh slap.

Using ETH leverage to increase positions combined with coin-margined operations, I directly retraced 60% on assets like AAVE, PENDLE, and others. In my understanding, ETH is mainstream, consensus, and something that wouldn’t collapse easily. It even had plenty of room to reach 6000 on my dollar-cost averaging list. I was waiting for a double.

What I got was a 50% cut.

The coin-margined cut was even more brutal — after the cut, it cut again.

With lessons from previous rounds in front of me (holding on through losses before, taking profits and running), I couldn’t bear this torment and decided to cut losses. Then I fell into the trap of frequent trading bands, with only one obsession in mind: using leverage to recover losses from leverage. At one point, assets recovered to 60%, but the market didn’t show much improvement. The result of frequent stop-losses was — in the end, only 30% remained.

Seeing little hope in the short-term secondary market, I took out hundreds of thousands of USDT to fully deploy in the AI agent track, betting on the rhythm of the subsequent three or four market phases. Previously, I managed to catch opportunities in top meme coins like ACT, BAN, AVA, and now I want to try again.