Trading Notes 5.14

Yesterday's trading was very frustrating.

I saw it right, did it right, but the result was still wrong.

In this round of rising, my judgment has always been a rebound, not a reversal. There is still no basis for a big market, so after my new account was pushed back to 3000u a few days ago, I went flat and started waiting for shorting opportunities.

Yesterday morning, I observed that Ethereum's weekly, daily, and three-day lines were all near resistance levels, so I started to short. However, since I believed the best shorting point was around 2800, I set a very low leverage and kept a portion of my position waiting for an opportunity to add to my shorts.

Then……

eth: In the morning, I shorted continuously at 2685 and 2632, and after it fell all day, it was still hovering around my entry price.

eos: I entered short at a price of 0.863 yesterday morning, and it kept falling smoothly until five in the afternoon when it suddenly went crazy, violently rebounding and piercing my stop-loss point at 0.898, and after hitting my stop-loss, it didn't pause for a moment, directly turning down and plummeting.

moodeng: I entered short at a price of 0.31 in the morning, and it continued to consolidate sideways. Then at four in the afternoon, it suddenly went crazy again, making a new recent high that stopped me out, and without a word, it turned around and dove down, dropping nearly twenty points since then.

In the context of the overall market crash yesterday, I had predicted it early and executed my shorts in unison with my knowledge and actions, yet not only did I not make a dime, but I also lost money. #山寨币交易