Surely the fluctuations in yesterday's market have caused some trouble for everyone. In the market, there are those who are long-term bullish and those who firmly call for a bearish trend. However, the market cannot always be as satisfying as one wishes. So how should we respond to the significant ups and downs?
Looking back at last night's market fluctuations, after consolidating around the 106000 line, the price of Bitcoin (大饼) fell under the influence of fundamentals (with bad stocks opening high and tensions in the Middle East escalating), breaking below the previous low of 105800. Following this trend, I entered a short position, capturing 1578 points on Bitcoin. Of course, one should not rush during times of significant market fluctuations. I, too, have been mindful of this and suffered penalties from my impatience, resulting in a loss of 556 points near the market price order around 104300.
Brave people enjoy the world first! The courage to cut losses in a timely manner has also brought substantial returns. Re-entering a short position successfully led my friends to stop losses and turn profits, capturing 1264 points on Bitcoin.
During the consolidation in the early morning market, I also provided insights on the judgment after the competition around the 103000 line. After maintaining stability, I shared current price orders. Friends who have followed my Silk Road strategy have likely achieved good positions.
It is not hard to notice that the current market, as I have always emphasized, is primarily driven by fundamentals in the short term, while the technical aspects can only slowly adjust and recover. Under the impact of fundamentals, there are very few who can retreat unscathed. To gain something, one needs to focus on the following points:
1. Once entering the market, one needs to pay attention to the announcement of major fundamentals, including key economic data, trade monitoring, geopolitical conflicts, etc.
2. Manage your take-profit and stop-loss levels well. Fluctuations of several thousand or even tens of thousands of points have become the norm. Even the main players sometimes struggle to grasp the situation, let alone everyone else!
3. Have the courage to cut losses in a timely manner and the determination to act. In a strong unilateral trend, hesitation often leads to maximizing losses and minimizing gains.
4. Be rational and avoid emotional trading. When in a poor mindset, take a break or try a different track. Emotional trading can only damage your mindset and distort your operations.
Since entering the market, after more than 7 years of accumulation, I have gradually led many friends to safety. My mindset, skills, and experiences have also reached a satisfactory level. The market is always present, and only by achieving results can one freely discuss feelings!
