This account was traded on April 7th, with a fund of 16.6WU at that time. As of today, it has been almost half a month, and the account balance has reached 53.1WU. To be honest, this operation is not the one that made me the most money, but it was the smoothest one, with almost no major drawdown in the middle, so Rouge decided to conduct a detailed review of the half-month operation to see if he can replicate this wave of operations again in the future.
I will just post the chart of all the transaction records for these seventeen days. If you find it too troublesome, you can just look at the statistical table at the back.
CFX shorted 15 times, made profits 10 times, with a total profit of 279,434, and lost money 5 times, with a total loss of 18,573, with a net profit of 260,861.
ARB went long 9 times and made profits 7 times, with a total profit of 123,041. It lost money 2 times, with a total loss of 7,299, and a net profit of 115,742.
The remaining currencies were traded 9 times, with 6 profits, totaling 17,943, and 3 losses, totaling 15,286, with a net profit of 2,657.
33 transactions, 23 profitable, 10 losing, winning rate 69.6%. Total profit 420418, total loss 41158, total net profit 379260, profit-loss ratio 9.79%.
The first information I got is that 99.2% of my total profit was contributed by shorting CFX and longing ARB, which is basically a perfect match for my article. If you look back at my article, you will find that these are the two coins I mention almost every day. The remaining 6 coins were operated 9 times, but only contributed 0.8% of the profit, and the operation success rate was significantly lower than that of CFX and ARB.
After the operation was digitized, the revelation to me was that the precision of fuzziness is far better than the fuzziness of precision. If you choose the right coin and do the right direction, then keep doing this coin until the trend changes again. I have mentioned the weak change of CFX several times in previous articles. After the good news is exhausted, the trend of the exchange rate becomes weaker and the certainty of short selling is extremely high. ARB is the long representative chosen by the market. It is also a trend coin, but the sudden drop of Bitcoin has changed its trend, so ARB can no longer participate and the profit is not as good as CFX. If Bitcoin continues to rise and the trend is supported, the profit of ARB may be much higher than that of CFX. As for other unrepresentative coins, it is better not to do it. Although I didn’t lose money in the end, the time wasted in it is also a huge opportunity cost. And the most important point is that I am familiar with the trend of CFX and ARB. Although I can judge the rebound and the step back, I have never been long CFX, never short ARB, and never go against the trend.
In the future, further narrowing the self-selected pool and selecting the best currencies to firmly follow the trend is the core of my strategy. Good luck, Meat Brother, focus on trend opportunities.
Market analysis:
The market is still fluctuating sideways. If you ask me to guess whether it will go up or down, I guess it’s 50-50, so I won’t make any predictions. It’s meaningless. I will formulate a trading strategy after it chooses a direction.
Meat brother operation:
CFX has ended the last battle and does not plan to continue shorting. Because the daily line is getting closer and closer to the last support, shorting has obviously felt great resistance recently. Whether it is space or momentum, the cost-effectiveness of shorting has become lower and lower. Unless the big pie here plummets beyond expectations, it will be difficult to make a lot of money.
Expected operation of Rouge:
Attention! I have withdrawn 251,000 U from my 530,000 U account to a new account. Because I used 530,000 U to open altcoin leverage, the loss of opening it once is really too large. My current strategy cannot accommodate such a large amount of funds, so the principal has been changed to 280,000 U. I will look for a good position to long ETH with low leverage for the 251,000 U in the new account until the peak of the bull market. The profits of subsequent contract accounts will also be transferred to this long-term contract account.
