I have grown a lot this month. I haven't made much money, but at least I've been working hard. Let me share some short-term trading thoughts.
🤡Battle Report
In the past 24 hours, I started with a balance of 13.5k and had two stop losses, leaving me with 9k. Then I won three times in a row, and now it's back to 15.6k. I've been operating three accounts simultaneously.
This time, I strictly followed the plan and had two stop losses totaling 4800u, which accounted for 35% of the account. As expected, there are still people in the community with opinions, complaining and jumping ship. So I stayed up all night and made back 6000u from 9.5k, finally giving everyone an explanation. Recently, I've been using a relatively aggressive strategy that adapts to the major market trends. Details have been shared on Twitter and in the community; please adjust if it's not suitable for you.
🙏Sharing my views and strategies on the current market
Currently, ETH is rising unusually. Such abnormal market conditions may trigger various extreme events in the short term, and there's a high likelihood of liquidating whales. Therefore, I've chosen to keep trying to go long in the short term and have also shifted my main focus from BTC to ETH to participate in this feast. In the crypto world, don't think with conventional logic; it’s not just about going short when it rises and going long when it falls. When things become very abnormal, it’s more suitable to engage in right-side trading, meaning you should go all out against the opposing side (the bearish mindset cultivated over the past two years). Therefore, I recommend a bold yet careful approach, quick and decisive. For example, I've changed from large martingale to small martingale for rapid positions, shifting from left-side to right-side trading. Don’t be fooled by heavier positions than before; just manage the stop losses well. Sometimes, when the opportunity is relatively clear, you should go all in at the right moment. This is the crypto world.
I've been unwell recently and just took some medicine, so I will take a break and reduce my trading frequency for the next couple of days.