$ALPACA From a floating profit of 110,000 USD to a loss of 37,000 USD
I never expected this coin to perform like this; from start to finish, it was clearly arranged by the operators. I have to admit I'm quite impressed with this trader; their movements are unpredictable and they specialize in countering various resistance. From the beginning until now, I have made a total of 7 trades, with a total loss of 37,000 USD:
First short, floating profit of 12,000 USD, ended up breaking even
Second short, floating profit of 35,000 USD, break-even not triggered, loss of 13,000 USD
Third long, floating profit of 150 USD, lacked confidence to close manually
Fourth short, floating profit of 10,500 USD, did not set up a break-even stop-loss, loss of 11,000 USD
Fifth short, floating profit of 60,000 USD, ended up V-shaped reversal, break-even
Sixth short, floating loss of 7,000 USD, direct stop-loss of 7,000 USD
Seventh short, floating loss of 6,000 USD, direct stop-loss of 6,000 USD
Seeing such results, I might be called an idiot, but that's the reality. This coin has completely shattered my trading discipline. If I had strictly followed my trading rules, I could have either broken even or incurred minimal losses, but the reality is that I violated my own trading rules, relied on luck, and magnified the risks. This is very unprofessional and is the main reason for my final losses.
Trading discipline is really important, but it's very difficult to execute 100%. I often make mistakes; in the last 8 days, I made a total of 12 mistakes, resulting in a total loss of 120,000 USD, of which 80,000 USD is additional loss due to mistakes. The main issues were position size amplification, failure to stop losses in time, reliance on luck, not setting break-even profit levels in time, and making reversal orders after stop-losses, among other major errors. These are unforgivable, and the penalty is an additional loss of 80,000 USD. This is all a cost, a warning, and it also indicates that my trading level has issues; I am not sufficiently aligned in knowledge and action, not steady enough, not clear-headed enough, and easily controlled by emotions leading to impulsive behavior.
The above information is my personal account, detailing my trading facts. I hope to let more traders see and comment on it; perhaps it can resonate with some.