Review the losses from this ETH contract
The lesson this time is that if you notice a trend change, you must stop loss immediately or hedge!!
I haven't traded contracts for half a year, which led me to completely forget about hedging and I didn't strictly stop loss, this is the biggest lesson from this contract
This ETH contract should have been opened around July 8, at about 2500
Actually, I always felt that ETH was quite strong at that time
Because anyone who has been following my Twitter knows that I went long on ETH at 2200 and closed around 2400
I always thought that there was nothing new in this round for ETH, plus the pump and release of coins would drain liquidity
I just wanted to gamble, that PUMP would release coins, and when ETH plummeted, I would make a profit
The actual situation is that PUMP released coins, and ETH did not plummet, the reason for ETH's rise was the microstrategy of US stocks, not the pump
I checked my chat records in the small group, and after ETH broke the moving average at 2500, I told everyone not to short
I feel that the trend has indeed changed
However, I still held a glimmer of hope, thinking I would break even
Contract trading is about making money from trends, if the trend changes, you must stop loss immediately and open a reverse position
Not being strict enough with my stop losses and not hedging is my biggest problem
But fortunately, contract trading itself is about honing your trading system, making mistakes is not scary, just don't keep making the same mistakes
