August 19 Error Summary

Profit-taking at 4180

Short position at 4630, sold prematurely, short position at 4440 was stopped out, did not enter at the right point today, forced a light position at 4240, Martingale added position at 4300!!

Selling prematurely and missing the opportunity is not a mistake,

Mistake 1: Forcing an entry, as the light position moved the stop loss to 4260,

Mistake 2: Adding position in Martingale at 4300 with floating loss, no stop loss set,

Remember the lessons but not the beatings, remind myself that judgment will always have mistakes, if Martingale works once, there will be two or three times, there will always be a time of liquidation. Even if using Martingale, strict stop losses or opening options for hedging are necessary.

ETH long position at 4180 with 30 points stop loss, BTC long position at 1138 with 112 stop loss.