Originally, I thought that the focus of this contract challenge account was not on quantity, but on precision and certainty. However, I still couldn't control the market and my actions.
As long as a person is sitting in front of the computer, they must act whenever they see the market; this is something that needs to be improved in this real trading challenge.
Let's discuss the logic:
HIFI: Delisted coin, clear downward trend, funding rates not negative or extremely negative will not attract significant traders, so going short on a rebound is the way to go.
H: Clear upward trend logic, also a coin that can be sold off. There is still an expectation of an increase, and if it’s a stepwise rise, hold onto it. However, in a sea of weak waters, one can only take a ladle; just earn within one’s understanding.
CUDIS: Hourly bullish trend, retracing to the trend line, go long with the trend. Sold almost at the highest point, this is the most profitable coin today.
BTC: When seeing a bearish signal, go short with the trend. Overall, it's still a relatively good opening logic, but this trade did not make money mainly because I placed the stop-loss at the opening price, which is a rather conservative approach. Not making money means not losing money; this operation is fine. Looking back, if there had been no stop-loss, there would likely have been greater losses later. This belongs to contrarian opening, and to earn from the opposite trend, one must ensure not to lose.
TST: The shorting point is basically the highest point of the day, but the thought was to enter for a pullback after seeing such a significant rise and a serious RSI overbought condition. So, I made a 70% profit and exited.
NMR: Also a coin in an upward trend, showing a large-scale triangle convergence, and it is close to hitting the upward trend line, so I entered to go long. However, it went on a roller coaster ride and then came down, closing the position midway down.
GMT: This was misjudged as the wrong coin, and I immediately closed the position after opening it.
UB: Also saw the 30-minute upward curve hitting, so I entered to go long, but then saw that the upward momentum was insufficient and exited during the pullback.
