Summary of Yesterday's Market

Up and down fluctuations of over 50,000 points caused a double kill for both bulls and bears, extremely dangerous.

In the morning, I placed a short order for ETH that got swept away; in the evening, the big coin rebounded and I was given a short order, which dropped a few hundred points but I didn’t exit. After a short time of not watching the market, it quickly shot up and I had to stop-loss and exit.

There were significant issues in my judgment of this market trend, and my operations were also very poor. Continuous losses made me want to quickly recover, resulting in emotional trading—losing more and more, not adhering to my trading discipline, leading only to the path of losses and exit.

Greed, fear, impulsiveness, emotionality, the pursuit of perfection, the fear of loss... In a market with no restraints, the weaknesses of human nature are magnified infinitely. Overcoming this is truly difficult.

Even with a profitable trading system, various issues often arise during execution. Humans have their own thoughts and emotions; they cannot execute a system unchanged like a machine.

During normal trading, just paying a little more attention to the profit and loss numbers can lead to a failed trade. Sometimes, listening to a group friend brag can make you hesitate to hold onto a profitable position, leading you to open a losing position. Even just checking the K-line on your phone at a critical moment instead of on your computer can result in a failed trade...

There are also many exceptional big players in the market. By observing their publicly available positions, I can say that at least over 90% of their trades are executed according to their own trading systems, which is truly impressive. The techniques are simple, but managing emotions is really difficult to learn.

Trading is betting on human nature, and the trading system must be separated from emotions. This market is incredibly cruel; a slight misstep can lead to a deep abyss. Yesterday's losses are a bloody lesson.