Market analysis
11:00
$BTC Exploring new lows at 103K, the trend downward has not diminished. Based on the current situation, the probability of breaking 103K or even 102K is high; specifics need to be observed in future trends.
The market's rise and fall distribution is heavily influenced by BTC, showing similar extreme fluctuations as the previous day. Observing the enormous risks off the market.
17:00
After BTC was raised by less than 1%, it continued to probe down to 103K, with the market's rise and fall distribution almost all showing a downward trend. Most currencies showed small one-way K-line movements, with some having several times the fluctuation compared to normal days. The risk is high.
21:00
BTC has not yet explored new lows, rising 0.5% and hovering above 103K without breaking through. Is it forming a bottom or continuing to decline?
Entry target: $HIFI
Entry time: 11:59
Entry point: 0.0848 Short selling
Exit point: 0.0875
Profit and loss ratio: -3.3%
Review and insights
1,
Watching the big ups and downs
Eager to move
But the risks are also magnifying as it continues.
To reap the benefits, one must also bear the burdens!
If unable to bear it, giving up is also a good choice.
2,
Before entering the position, I compared with other pre-selected $PNUT and $EIGEN.
Regardless of which option is chosen in the same time period
Short selling through pullbacks
In the end, a loss of about 3% is expected.
Summary:
When the entry point is in an unfavorable position and the trend is singular, with very little pullback. To reduce losses, exit as soon as possible.
3,
Observe the market for the next two hours after exiting. If you resist the trend, the loss will be between 2.5% and 4.5%.
Cannot wait for satisfactory results.
Summary:
No stop loss, resisting the trend, lost the child, and incidentally lost the wife too
4,
Combining the trades of the past few days, I found that every entry point was in an unfavorable position.
This indicates that the entry strategy has problems and needs adjustments.
6,
The state that should have been there
When the trend goes against you
Do not get angry out of shame
When the trend goes in your direction
Do not flail about
When the trend is stagnant
Restless
Just like sitting in an exam room during student days
Just answer the questions, avoid careless mistakes
Completed all possible answers
As for whether it is consistent with the answer
How many points can be scored should be considered later, unrelated to the present.
7,
No matter how many principles I heard from a young age or how many theories I learned,
In the end, nothing beats the profound insights and experiences gained by personally engaging.
Even after experiencing the same event
Different people can understand and perceive differently
Therefore, the conclusions are also different
The impact on the future is also different
8,
Predictions only have a certain probability
Which is more important, reducing losses or pursuing profits?
9,
Dragon Boat Festival
Aliases: Dragon Festival, Zhengyang Festival, Dragon Boat Festival, Tianzhong Festival
Fifth day of the fifth month in the lunar calendar
China's multi-ethnic traditional festivals
Commemorative figures: Qu Yuan, Wu Zixu, Cao E, etc.
This festival originated in the Han Dynasty. The Eastern Han recorded that the Dragon Boat Festival was established to prevent military service, evil spirits, diseases, and epidemics.