爆仓实录

#TradersLeague
#爆仓实录 Review 2

Earlier, I mentioned why it feels like fireworks?
After all, the trading success rate is just too high when the wind is at my back.
It was the best time for my trading intuition,
I made profits in nineteen consecutive trades.
This made me forget my own surname.
So, just a few days later, I started taking positions.
The result was a margin call on what was probably my twenty-second trade 💣

All of this,
actually stems from the expectations and little thoughts I mentioned earlier that caused trouble.
They constantly influenced my judgment of the market and myself.
The first two times ignited the greed deep within me, ultimately leading me to take risks.
This time, however, I knew it was a bad idea but did it anyway.

Before I made this BTC trade tonight, I had planned to go to bed early.
But suddenly, I had the urge to have a late-night snack.
So I thought: I'll trade once to make enough for a late-night snack and then stop, 10U or even 5U would be enough.

This single thought led me from heaven to hell,
turning the 60% gain I had worked hard for from last week's aftermath,
into a halving tonight, with my positions even shrinking by 25% compared to last week's aftermath 😭

Let’s see how it went down:
After I had the thought of that late-night snack, I opened a position at point 1 on the BTC chart $BTC .
I didn’t expect that I was too tired,
I actually fell asleep holding my phone.
When I woke up and looked,
What the hell, the climb was so intense.
Fortunately, it wasn’t a big problem,
I was only down about 5%.

Then I entered into a tug-of-war with the “dark dog fund” lurking in the BTC market.
Using four hedges to go long, I tried to induce the dog fund to pull down,
Then quietly withdrew my long position.
Originally, the story should have ended well here,
But I was just too tired,
I actually fell asleep again.
When I woke up, I was high on adrenaline and continued trading,
My IQ was completely offline.
This series of actions elegantly reduced my positions by nearly 40%.
After closing my positions, I was still unconvinced,
I caught a large bearish candle at $XRP ,
Hoping to seize the chance to pick up some bargains and recover some of tonight's losses.
The result... just look at the chart.

Then, these two margin calls and tonight's near “margin call” experience played in my mind like a movie,
Suddenly, I became clearly aware
That it was my little thoughts that led to my trading blunders.
They are subtle, yet obvious and certain.
The root cause is that I do not hold a deep respect and reverence for trading in my heart.
I treat trading like a game, as a means to take and give, rather than a sacred practice.

#TradersLeague
#爆仓实录 Review 1
Late at night, another major blunder occurred
Although it wasn't a liquidation
My position has been halved
It's already close to liquidation

At this moment, my emotions are complex
There's annoyance, regret, reflection, indifference...
Accompanied by a continuous review of everything that has happened
There’s even a sense of calm and composure inside
And a bit of comfort in becoming increasingly aware of my weaknesses
In short, it's very complicated.

I originally wanted to turn off my phone,
Take an ice pack, and let myself calm down and get some sleep
But my mind is too excited at this moment
So I started writing this review

Let’s see how I experienced this 'near liquidation' tonight
A week ago I experienced a liquidation
After recharging and reviving, I went through a major blunder, and my position shrank by 75%
This shrinkage hardly affected me
I didn’t take it seriously at all
But it made my operations extremely cautious
Instinctively following two principles: 1) Keep the margin ratio within 10; 2) Always be wary of my greedy nature, quick battles, and never let any trade exceed two hours

Indeed, these two principles made me clearly realize
That liquidation can be completely avoided.
However, what I didn't know was
That the reason I lost a lot of money
Was not just the above two,
But also a very subtle and extremely fatal one
That is: there is no true sense of awe or respect for trading in my heart.
What does this mean?
I found that before my first two liquidations,
There was a similar little thought in my heart,
For example, before the Dragon Boat Festival, thinking that if I could make a big profit, I could happily go home for the holidays.
For example, before the second liquidation, thinking that once I make money from trading, I can buy the good things I desire

Because similar little thoughts kept surfacing in my mind
When I was trading,
My heart was actually extremely restless
At critical points,
It was precisely because of these little desires that made me blindly ignorant,
Risks were ignored
Eventually leading to a fireworks-like liquidation.

Why say like fireworks? (Due to short post length limit, I will open another post for details)
$BTC $1000PEPEUSDT

The liquidation balance of #爆仓实录 finally broke through to 200, today's harvest is acceptable. I used isolated margin and set stop-loss points for two layers of protection. Now, I don't care about the win rate; whatever losses I have to take, let them happen. Market manipulators, don't think you can liquidate my position again.