Trading records from 5.20 to 5.24

Record how I turned a steady profit of 40% into a profit of only 10%

Opened a short position at 67500, 5 times 200USDC

Rising to 68500, adding 5 times 200USDT

When it rose to 69500, I wanted to add more positions

But I held back, feeling that this momentum would soar as long as it broke 7

Although my liquidation point was 130,000, it was impossible to liquidate

The reason in my heart was that I felt it was uncomfortable to be trapped, so I didn’t add more positions

When it reached around 69900, I finally thought it through

My liquidation point of 130,000 is not a big deal, so I added more positions

Put an order at 69999, 10 times 400U

Then the average price was

68500 5 times 200USDC, liquidation point 130000

69379 10 times 600USDT, liquidation point 86000

It broke 70,000 that night, and then it kept rising

Always around 71000 If I add more positions at this time, I am afraid that the margin will be reduced. If it really breaks 80,000, it will be a huge loss. It is better to just leave it like this. Anyway, it will fall sooner or later. It is okay to make some money. I held back on the first day of sideways trading. I couldn’t hold back on the second day of sideways trading. I thought about selling a little and using the chips to short at 70,000. So I sold 200USDT manually at 69,600. I set a stop loss at the original price for 68,500USDC. The position is now 68,500 5 times 200USDC, the liquidation point is 130,000. 69,379 10 times 400USDT, the liquidation point is 86,000. On the afternoon of May 23, I opened my phone and saw that it fell below 68,000. The stop loss order was also eaten up. After holding the order for 3-4 days, I finally got my money back. I sold half of the position of 69,379. So the position became 69,379 10 times 200USDT. Then I sold 100U at 67,500. I only kept 100U. I don’t care. It doesn’t matter if it goes up or down

Summary:

1. Forgot that your margin call point is at a high level, so you don’t need to worry if you are trapped

2. Thinking about unwinding and shorting at a higher level will result in a loss of profit. The 68,500 point cannot be shaken there, so it is meaningless to set a stop loss there