My name is Little Cat.

Because cats have nine lives, I hope to be as resilient as a cat in the virtual trading market.

When the ninth life falls, it is indeed due to my insufficient ability and not suitable for survival in this market.

So, I call myself Little Cat.

I created this account to be more self-disciplined and to supervise my daily learning.

I will record my insights and experiences here.

It may include some policy information, market reviews, learning experiences, book notes...

Or some humble opinions, but I hope to persevere and grow.

Before this, I have blown my account many times, and I still blew it today. Therefore, I reflect on my previous experiences of blowing up my account and write this review:

1. Never hold a losing position. Whether it's short-term or long-term, always set a stop-loss when opening a position. Without a stop-loss, control your hands and do not open a position.

2. Never open too large a position. Manage your position well. The size of the position must be within your acceptable range; otherwise, you will be reluctant to set a stop-loss and will keep adjusting the stop-loss level, leading to the painful experience of holding a losing position.

3. Never trade too frequently. Often when losing, the market fluctuates rapidly, and once you incur a loss, you want to quickly make back the lost stop-loss.

If you lose and immediately chase the short position, who knows it might rebound from the bottom, and you end up shorting at the foot of the mountain.

If you lose and immediately chase the long position, it might drop again after reaching the peak, and you end up long at the top of the mountain.

So you should trade calmly; do not rush after a loss, and avoid trading in markets with high volatility (even though they might be profitable), but it’s best to trade in markets you are confident in. Wait for the market to calm down before taking action.

4. Only trade at key positions, waiting for volume, and when the market is weakening, enter short when bulls are tired, and enter long when bears are tired.

5. Establish your own trading system, and only open positions that meet the criteria of your trading system.

6. Every time you open a position, consider if there is a better entry point. If you don’t have an 80% certainty, it’s better to miss out than to open a position.

In the future, I will set aside at least an hour each day to read or study.

I will persist in writing reviews every day.

Always respect the market. Keep it up. #BTC突破12万大关

#My name is Little Cat