Trading Notes 4.27

Today I opened a position on Ondo, going long at 4:16 PM at a price of 0.963, and closed it at 7:28 PM at 0.96. I lost a bit on fees, as the market is quite boring.

This afternoon, I wanted to short Alpaca several times, but couldn't find a good position; I'm really scared of these highly volatile coins.

If my entry point had been slightly different, I could have made money on a trade I clearly saw was in the right direction.

Because I can't bear the floating loss, even with a five times leverage, just a little fluctuation can wipe out twenty or thirty points.

Moreover, I don't know what my problem is; I can't stand seeing losses. When the floating loss exceeds twenty points, I want to cut my losses. Then, a coin I clearly see in the right direction turns into a losing trade because I can't endure the floating loss. But to cut losses, one has to widen the stop loss, which means if I get the direction wrong, I could get completely liquidated. So now I am very cautious; for these highly volatile coins, unless I see an entry point with an extremely good risk-reward ratio, I prefer not to get involved, even if it means missing out.