#leeksdiary
Review of this week’s transaction records (2024.10.27～2024.11.3)
————
Summary of trading principles:
(1) Overcome the fear and greed of human nature: be afraid of losses and be greedy of gains!
(2) Determine the trend first, then consider long/short!
(3) Only play in key positions and wait for entry signals! (The same applies to adding positions!)
(4) Trial orders for small positions, increase positions with floating profits, and never increase positions with floating losses!
——————————————
When I enter the market with the following mentality:
Often [carry orders with floating losses],
Finally [cut the flesh and appear].
——
1. Ignore the trend and be too subjective and emotional → Look at the trend first!
(1) $BTC When the market reaches a high point, I want to sell short → [The bull market is not bullish ~ BTC is attracting money but it is not bullish]
(2) $EDU When the market reaches a low point, I want to go long → [Bear market has no bottom ~ Copycats have no bottom]
——
2. Careless entry → only play at the [key position] and wait for the [entry signal]
(1) During the initial stage of the rise, I was worried that I would not be able to [sell at the highest point], so I entered the market immediately and ended up getting stuck;
(2) At the beginning of the decline📉, I was worried that I would not be able to [buy at the lowest point] and ended up getting stuck!
——
3. Enter the market at will → The holding cost is [Excellent], so you can hold it!
(1) A large part of the reason is sloppy entry, which leads to "floating losses and carrying orders". During the period of holding the position, I have been worried that I will not be able to recover my capital, so when the market reverses, I cannot objectively judge and leave the market prematurely!
(2) Short trend: Fall 📉 → Rebound (but not the previous high) → Fall
(3) Bullish trend: rising 📈 → correction (but previous low) → rising
