My principle of opening positions is roughly this:

When others are afraid to go long, I go long.

The more people feel like shorting at this position, the more I go long.

However, because I often can't hold on, I haven't made much profit.

Last night, before sleeping, I entered a position at a counterfeit and saw a profit of over 500 oil but didn't take it, ended up losing money instead.

Today, I originally wanted to short on the second contract but felt something was off, so I went long instead.

I didn't hold on to the long positions at the bottom of 4219 and 112300 last night.

It seems I'm more suited for mid-term trading than bottom-fishing.

Currently, I'm back to breakeven on 5000 oil, still about 9000 oil away.

I hope to recover slowly, bit by bit. I'm not looking to take a big bite at once. If there happens to be a spike to around 4400 now, I probably won't go long anymore; 4350 isn't very suitable either, as the position is risky. But if it drops below 4250, and doesn't spike to around 4400, I feel it's going to be tough to go down. $ETH

When I went long at 4778 and 4773 today, many people were actually not optimistic about it, but I ended up making a profit. No one in the group basically followed me to go long. The fact proves that contracts are still a game where only a few people make money, and it’s a test of guts and courage.