Who would have thought that at 9:30 tonight, Er Bing was around 4200, and now it's already 4750. It really shows me the power of the news. This also indicates that not using stop-loss when making wrong orders is not acceptable. Many people's short positions got liquidated tonight!!?!? Today, looking at the brothers in the square sharing their profits, they are all making a lot of money, while I struggled with a loss of 5000 oil to break even, ultimately making a profit of 134 oil.
Originally, I was good at going long but got washed out, went short at the bottom and lost 3000 oil. Thankfully, the market was strong and I broke even. However, I was also doing swing trading, not holding long-term, as I was too scared with this market. The downside of my short-term trading is evident here; I really can't hold during big trends, just nibbling on small gains. If I had held, I could have made 10,000 oil tonight, but I just didn't hold.
Tonight, many people lost on their shorts, and I lost on my shorts too and had to fight back with longs. I really got scared, but luckily I stopped the short at 4311. If I had held onto it, I would have lost 20,000 oil tonight. I think I managed to control this well. Losing more than 2000 oil on a single order is a bit much for me, which is also why I closed my initial long position, fearing a drop below 4200.
I got scared, scared, and took a break from trading. Rest early, my friends. Let’s see what the market brings tomorrow; no more research for today. The delivery orders are below for your reference. $ETH