Seeing the funding rate rapidly climb above 10 points, I started to feel a bit uneasy.

The original plan was clear: either go short at the second peak or wait until the funding settlement time to position. But the market's upward momentum was too aggressive, and the rate soared so quickly that I began to think this time might be unusual. In the end, I couldn't resist and decided to short early during the first wave.

As expected, I got trapped.

There was a dip in the middle, and I thought a waterfall was coming, so I excitedly added to my position at the low point—but it was a false move. Without stop-loss protection on the added position, I was just stuck there alive. Fortunately, my position size was not heavy at the time, and since this strategy had been repeatedly validated before, I decided to hold. But I wasn't completely reckless; when the third wave high appeared where I should have added more, I exercised restraint and didn't increase my position.

I persisted until the rate dropped back to 8 points, and finally the waterfall came. I quickly exited to cut my losses.

It seemed like a close call, but deep down I still feel a bit regretful. If I hadn't been so eager to short during the first wave and had followed the original plan, I would have already made a good profit by now. Trading is like that—sometimes a slight misjudgment of timing, combined with a bit of luck, can turn what should be a big profit into a small one or even a loss. The lesson from this is: no matter how good your strategy looks, missing the right timing by just one step can lead to completely different results.