04147715073 The bigger the market trend, the easier it is for me to lose money. Is there still hope for me to turn things around?
Sigh, after a hard week, it all disappeared in one night.
In the end, it still comes down to poor position management; the more I lose, the more I like to double down to recover, but then I lose even more.
I was actually able to recover some last night, but before sleeping, I opened another short position.
I initially opened the short position with a small amount and set a stop-loss, but I insisted on doubling down and moved the stop-loss.
One mistake leads to another.
I went from small losses to large losses, from large losses to being halved, from being halved to being ankle-deep in losses, and then almost blowing my entire account.
All this happened in less than 8 hours.
Making money is hard, but losing money is too easy.
Sigh
After losing everything in the morning trades, I was left with less than 500u.
I worked all day and got lucky; I managed to get back to 1400.
Sigh, I had over 3000 before I went to sleep last night.
I was planning to short today because the daily chart showed four consecutive bullish candles, and there was a high probability of a drop today, so I thought I could set a stop-loss and take a gamble. But I couldn’t resist, and I shorted in the middle of the night.
Then there was a sudden spike in the early morning.
The last time I blew my account was last week when Ethereum plunged over 130 points at 4 AM, I kept trying to catch the bottom and kept losing, and that day I blew up to 8500u.
And now that Ethereum's price has come back, my money is gone.