$BTC 21.11.5 11.6 Large loss review and summary, still lack of patience, greedy small profits from fluctuations, holding onto positions with the delusion of a rebound to cut losses, and large losses caused by opening positions during fear and emotional imbalance. Initially, on 24.11.3, I opened long positions in BTC and SUI. At that time, it was clear that the 4h, 8h, and 1d trends were all bullish, but the fluctuations on the 3rd and 4th were relatively slow. Seeing the volatility at that moment, I went back to the 30m and 1h charts and carelessly opened short positions, which I profited from twice. Greed led me to open more short positions, which resulted in being trapped a lot on 11.5. I should have cut losses in time and correctly held onto long positions to secure profits. However, at that time, seeing that it had already risen for a long time, I was also afraid of a downward spike, so I took some profit and exited, fantasizing about a rebound to cut losses on short positions and re-entering long positions, which ultimately led to significant losses on the shorts.

Therefore, when you see the right direction, you should be more patient in observing points and trends. Once a major trend is formed, it is difficult to reverse. After correctly opening a position, one should patiently wait and also search for relevant information and explanations from experienced traders, calmly analyze and wait patiently. As long as it hasn't reached the stop-loss point, it's normal to wait for the liquidity position of the opened order. Do not be greedy for that little bit of reverse income from fluctuations, as opening positions in a state of panic and fear will definitely lead to losses! For example, at that time, both SOL and DOGE had a 4h double top + bullish candlestick confirming the long position pattern, while BTC and SUI had double bottoms with a doji star indicating a bullish pattern. The Bollinger Bands were narrowing and rising, and the FVG support for long positions and the middle line of the Bollinger Bands were still strong. Additionally, there was favorable market sentiment due to the election of the understanding king. Once long positions were opened, one should double their patience and wait. Lack of patience, coupled with greed and carelessness, while trying to catch a few short positions in the midst of a major bullish trend, will inevitably lead to significant losses! No patience in exiting long positions early, fantasizing about cutting losses on short positions, not meeting the conditions for opening positions, reasons for entry, and mainly following rules for taking profits and stop losses, risk management, and self-discipline!