Today's ant warehouse has gone from a hundred percent profit to a hundred percent loss, which makes us understand a truth: a trade opened at the wrong position cannot be profitable, and the pattern is about profit retracement leading to losses, especially for positions taken at high levels.

No wonder I prefer to trade short-term, because I find that most of my trades are on the right side. Once a right-side trade wants to turn into a long-term position, it either goes through a painful washout or directly suffers losses, because the results of retracement are something my own high-leverage trades cannot withstand. This indicates that position management is actually very important, especially recently when we often see retracements of 100 to 200 points.

Right now, I really have no direction, so I've chosen not to enter the market. I'm thinking if this wave is a washout, then 4450 should be the short-term bottom, so if I'm going long, the forced liquidation should at least be set below 4450. If it really breaks down, then it goes to the next range, and 4450 would become a resistance level, so there's no need to hold onto positions.

The recent market has been too difficult to trade. Tonight, I dreamt of asking my grandparents how they trade; they also like to gamble. When I was young, I watched them bet on H-color and saw them win and lose. $ETH