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After yesterday's repeated fluctuations, I feel both fortunate and regretful that my account hasn't changed at all since the post yesterday.
Yesterday, I opened a short position with a low amount at 978, and there were actually two selling opportunities in between, at 950 in the morning and 940 in the early morning, but I missed (gave up on) both.
This is actually one of the most difficult aspects for beginners like me to make money, which is not being able to pinpoint the selling point. One issue is the inability to accurately judge the starting point of this range, and the bigger problem is that my greed gets amplified, always thinking that if I wait a bit longer, I can make more, wanting to capture the last penny of this opportunity, which leads to missing out. Although I had an expected profit-taking point in the early stages, when the opportunity is right in front of me, the expectation in my heart will also rise with the opportunity.
However, I am also fortunate that I did not lose money in this small storm yesterday. I did not make any chasing or panic selling operations due to missing the great opportunity, otherwise with yesterday's volatility, I would most likely have lost money if I had traded.
So, when we cannot accurately calculate the starting point or suppress greed in the early stages, we need to accept the profit withdrawal, accept that we missed the opportunity, and that’s okay. The opportunities in the market are always there; rather, it is our own capital and the level of leverage we use that limit the number of mistakes we can afford to make.
Take it slow, be steady, and it’s better to miss out than to make a mistake.
If it falls to around 955-958 this morning, I will sell. If it doesn’t reach this position, and if the 1-hour line is still stable by noon, I will also sell, then open a low position long around 960. If it goes above 980 in the evening, I will continue to open a low position short. In a volatile market, focus on low positions, earn a little less, and leave enough room for yourself.