Trading Diary: Longed a few mainstream coins, but didn't think through the take-profit position. By evening, it returned to the opening price, and I closed the position. Then I thought a new upward trend was forming, so I longed BTC, but unfortunately, I got stopped out. I then went short in line with the trend, but overall it was still a loss. I didn't clearly identify the trend. Opening positions in the middle can easily trigger stop-losses, which is a drawback.
The best trade I made today: VINE, I made a trend-following short position, thinking it could be held long-term, but it still didn't align with my trading philosophy, so I took a profit of over $100 and exited.
The worst trade I made today: When the first three positions returned to the opening price, I opened a long position in BTC, but ended up being stopped out for about $100. This long position was a result of not clearly understanding the bullish or bearish direction. After all, the overall trend is still leaning towards bullish, I can only say that I was stopping out within my own system, but it wasn't at the opening position of my trading system.
Areas for improvement: Choose opening positions along the rising and falling edges of the trend, and first ascertain the major direction to determine the positions on smaller timeframes. It's important to accurately identify the opening position and logic.
Today I watched a KOL's live stream, and what I learned overall is that I need to open positions based on signals at the upper or lower edges of the trend line, rather than opening positions as a matter of course.