$DOGE Reviewing today's trades, when it dropped to around 1690 I closed the short position, opened a long position at 1698 and made a small profit, then opened a short position again at the same level, with a stop loss at 1715, and then went out to have dinner with friends. After a while, I took a quick look and saw it had risen to 1707, thinking I should focus on my meal, I canceled the stop loss and opened a hedge. While eating, I glanced at it without thinking and closed the long position, leaving the short position. Although it was a small position, I could have made a profit or closed with minimal loss and then thought about getting back in, but I didn’t. Now I have incurred a loss of 70 USD, which isn’t much but is also 500 RMB, enough for a day’s expenses in a big city. Most importantly, it exposed the issues in this trade. Details determine success or failure; only by doing well can you protect your wealth when various crises and unexpected events arise. (I could have closed the loss and turned it into a profitable long position, or a small loss in the short position, but instead, I lost an additional 20 small points. If I had a larger position or if there were significant fluctuations due to special circumstances, the losses would have been magnified infinitely. It’s crucial to pay attention to details and think when trading.)
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