After doing short-term trading for so long, I finally realize that implicit costs can slowly kill you.

I am a typical high-frequency trader, trading frequently with small amounts. The new account I recently opened has already lost 100U, and another old account is even worse, losing 2000U, with a loss rate of 99%. I did the math, and just the fees and funding costs have taken 1000 yuan from me. And this is just the surface number.

The real heartache lies in overnight fees. When there’s no major market movement, I often hold positions overnight, sometimes staying awake all night, watching the account balance of my short positions shrink. The key is that I always lose each time. You think short-term trading can quickly turn around, but every hour’s fee is like a vampire, continuously draining your blood.

In the end, I concluded: high-frequency trading is simply not suitable for small traders like me. I have a fatal flaw in my trading style — I hold on stubbornly when I lose, and whenever I make a profit, even a tiny one, I immediately withdraw. This ostrich mentality combined with frequent trading, the fee costs directly eat up all the tiny gains, leaving only losses.

Instead of being worn down by fees while staring at the screen every day, it’s better to change the strategy.