江师兄
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#TRUMP晚宴 4 days of mistakes resulting in a loss of 70,000u, my self-reflection.
Recently, I've been a bit too caught up in trading, making continuous mistakes and breaking trading rules. In the past 4 days, I've lost a total of 70,000u, of which 40,000u was due to not achieving unity of knowledge and action, leading to losses. From the perspective of a trader recognized for stability, these losses and mistakes should not have happened, but I made them, and I continued to make mistakes, leading to excessive losses.
My unstable mindset has placed me in a period of drawdown, and the continuous stop-losses have made me realize my lack of self-control.
The main mistakes I've made in the past few days:
1. Over-leveraging; many times, my position was twice that of my usual size, especially after being stopped out.
2. Setting stop-losses too large; recently, I've often set stop-losses exceeding 10 points.
3. After opening a position or adding to a position, not closely monitoring the market, leading to the breakeven price not being triggered, turning profitable trades into losing trades.
4. Trading pullbacks; I am usually best at trend trades, and I don't do well with pullbacks, but I keep trying, losing one after another, continuously getting stopped out without admitting my mistakes.
5. Being influenced by others; recently, I added several friends in the plaza, and I've been somewhat influenced by them, leading to a particularly chaotic rhythm and logic in my trades, opening positions where I shouldn't have. For example, the Trump coin $TRUMP, based on my previous trading logic, shouldn't have been opened, but I couldn't resist opening it because a friend sent me reasons for its rise. In the past few days, not only did I get influenced to open a position in the Trump coin, but also in $ETH, $SOL, and other related coins.
These five points summarize the mistakes I’ve made recently. Human nature is really difficult to control; I can only gradually find a balance. Perhaps writing this will make others think I’m not that great, but this is written for myself. I want to constantly remind myself of my mistakes; making mistakes means facing consequences, and these tens of thousands in losses are the lessons learned from those mistakes.
Recently, I've been a bit too caught up in trading, making continuous mistakes and breaking trading rules. In the past 4 days, I've lost a total of 70,000u, of which 40,000u was due to not achieving unity of knowledge and action, leading to losses. From the perspective of a trader recognized for stability, these losses and mistakes should not have happened, but I made them, and I continued to make mistakes, leading to excessive losses.
My unstable mindset has placed me in a period of drawdown, and the continuous stop-losses have made me realize my lack of self-control.
The main mistakes I've made in the past few days:
1. Over-leveraging; many times, my position was twice that of my usual size, especially after being stopped out.
2. Setting stop-losses too large; recently, I've often set stop-losses exceeding 10 points.
3. After opening a position or adding to a position, not closely monitoring the market, leading to the breakeven price not being triggered, turning profitable trades into losing trades.
4. Trading pullbacks; I am usually best at trend trades, and I don't do well with pullbacks, but I keep trying, losing one after another, continuously getting stopped out without admitting my mistakes.
5. Being influenced by others; recently, I added several friends in the plaza, and I've been somewhat influenced by them, leading to a particularly chaotic rhythm and logic in my trades, opening positions where I shouldn't have. For example, the Trump coin $TRUMP, based on my previous trading logic, shouldn't have been opened, but I couldn't resist opening it because a friend sent me reasons for its rise. In the past few days, not only did I get influenced to open a position in the Trump coin, but also in $ETH, $SOL, and other related coins.
These five points summarize the mistakes I’ve made recently. Human nature is really difficult to control; I can only gradually find a balance. Perhaps writing this will make others think I’m not that great, but this is written for myself. I want to constantly remind myself of my mistakes; making mistakes means facing consequences, and these tens of thousands in losses are the lessons learned from those mistakes.
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