Although this bottom-fishing Ethereum trade made a profit of 1338U, it was actually a heavy lesson.
On Friday, after 9:30, there was a clear increase in selling volume and a drop, but not only did I fail to hold onto my short position, I also opened a long position at a very inappropriate time, relying purely on luck, and endured a sleepless night to break even. If it dropped a few more points from the lowest point of 4361 to 4350, it would have hit my stop-loss, resulting in a huge loss.
Reflecting on why I operated this way, I feel like I fell into my old habits again, lacking patience and feeling discontent. I held onto my short position for a whole day, while Ethereum fluctuated up and down, mostly in a trapped state. So by the evening, after a small drop, I saw a floating profit of 5000U and couldn't wait to take profit, completely ignoring the downtrend with increasing volume, which I didn't grasp at all.
Moreover, not only did I fail to hold my short position, but after a significant drop in Ethereum, I roughly calculated in my mind and realized I missed out on tens of thousands of U in profit, which left me feeling very discontent. I chose to go long with a large position against the trend and ended up being trapped for a night, almost hitting my stop-loss, all due to my chaotic operations.
I cannot make such a basic mistake again.
On the eighth day of trading, the current balance is 16939U.