To successfully trade $BTC , forget about yourself

Years of trading experience have taught me that if trading is to succeed, it must be after forgetting oneself.

Take yesterday's trading as an example. Yesterday, according to my trading plan, I shorted ETH at 2495, the lowest retracement was 2476, and then it surged. At this time, BTC's 30M chart was in a sideways reversal, because BTC's daily and 4-hour charts were both in a bullish trend, especially the 4-hour chart, which was in the second bullish position, very likely to break 106700 and surge again. So at 2495, I locked in my ETH position to break even, and at 105850, I reversed to go long on BTC, with a stop loss at 105200, a 650-point stop loss.

Some may ask, why not go long on ETH? Because at that time, the moving average system of ETH was still in a 4-30 bearish model, so even if it rises, I cannot go long in a bearish model; this is a principle. But BTC is different, both the daily and 4-hour charts are in a bullish trend, especially the 4-hour chart is in the second bullish position. Once the 30M chart shifts from bearish to bullish, the subsequent 4-30 will also return to the bullish mode, so it is in line with the rules to go long when the bottom sideways range breaks.

Subsequently, the price trend rose smoothly, quickly reaching 106800, breaking the previous high of 106700. At this time, when it retraced to 106600, my imagination came back. Would it fall again? Would profits be given back? Would it be better to close my position here and re-enter after a retracement?

Did you notice that at this moment, my mind was already devoid of market trends, and I had lost sight of my trading system and principles; all that remained was a desire for profit and a fear of loss. So, at that moment, I opened my phone and closed all my positions, allowing the price to ultimately rise to 110K. A big fish, I took a bite from the fish's head and then let it go.

This experience once again tells me that if one’s mind is filled with oneself during trading—one's desires, fears, pride, and others' opinions—then trading is bound to fail.

Let us encourage each other.