Well, I don't feel too good this week. I always like to share my losses because they play an important role in this industry. This industry... is too large and offside. I will halve every trade and then reassess; maybe this will be the bottom, but I don't know.
My mistake was that as the market went lower, I overextended and doubled down on my positions because I knew the principles of these markets are reflexive and intrinsic... Therefore, asset prices may continue to fall, which makes no sense.
The problem is that there has been a lot of dumb money making money in this cycle, and I keep having a thought in my mind: most people will give back their profits, and our job is to make money in a bear market. So this fear often haunts me, and I don't want to get caught in these traps.
Anyway, ETH above 4200 is still a buying point for me. Once it falls below, I will cut all buys and consider observing and staying away from the charts until I feel I have regained an edge.