2025.4.30 Lao Jiu's Hundredfold Trading Review

Goal: Turn $100 capital into $10,000, currently at $95.

Trading discipline goal is to not exceed 3 trades per day, and losses should not exceed 5%.

Today's trading count: 36, profit and loss situation: -5.4%.

Today's trading status is terrible, heavily shorting in the morning, incurred huge losses, losing over 10% of the capital.

In the afternoon, I caught a skyrocketing coin, voxel, took profit on half the position, and planned to hold the remaining position, but ended up unable to hold. Originally, I had already increased my position when voxel retraced in the evening, but fearing to lose the already gained profit, I closed the position; otherwise, I would have made a big profit today. Yesterday, I also caught a skyrocketing coin but couldn't hold the remaining position either. The aversion to losses psychology needs to be overcome, or else I won't be able to make big money.

In the evening, there was a crash, trading eth and voxel back and forth dozens of times, my mentality collapsed. Kept shorting and kept losing, couldn't make money during the crash. Made all the trading mistakes, operated back and forth, had too large of a position with too small of a stop loss, and couldn't hold profitable positions.

Still need to make a trading plan, must create a trading plan before each trade, use the trading plan to overcome those bad trading habits.