A few days ago, I mentioned wanting to deepen my BID but the timing wasn't right, I've noticed an empty opportunity with ETH now, I decisively went ALL IN to short, aiming to double the principal, Risk-to-reward ratio of 4:1 Let's just let the position run for now.
Currently, we are probably focusing on BIDUSDT, challenging to double 10U 7 times to reach 100000U. The profit and loss ratio is locked at 4:1, the trend of BID is very good, currently 10U has turned into 40U, the next target is 160U!
Record the first roll, rolling from 2U to 18U, Later felt I had made enough profit but opened a position again, As a result, I retraced and lost again 😂 This feeling is quite interesting, probably will operate like this in the future $MASK
Wow, today WCT almost made me lose everything, Fortunately, I quickly pulled back and decisively cut my losses, Although there's only 30U left, there's still enough chance to turn it around! Keep it up! 😁
I really should criticize myself a bit, It's a bad habit of mine to hold onto losing positions and stubbornly cling to profits, Now I have to look for the next coin that I can buy on the rise and sell on the fall.
4/10 Wealth Redistribution, I just deposited 100U! Expected to be similar to the trade war in 2018, after which prices plummeted and consolidated before starting a bull market, just waiting for Powell to cut interest rates.
Last month I tried a strategy with a high win rate, even though it was easy to make money this way, the profits were small, and I needed to constantly look for targets, which was too time-consuming. This time I plan to use a strategy with a low win rate but high risk-reward ratio to open positions.
A few days ago I had a liquidation of 100U, let's see how far this time can go~
Alright, it seems like I should just give up soon! Seeing myself get liquidated is really sad.. . . . Just kidding 😜 Did you guess I was going to say I would quit? Or that I would never trade coins again? . Alright, let's talk about what went wrong with my liquidation this time. . 1. Trying to catch the bottom while neglecting the risks of not touching the trend line I personally like to use trend lines as a technical indicator, but I lost because I sold too early when the candlestick was rebounding but hadn't touched the trend line yet, and later continued to drop, only to realize there was still a bottom beneath the bottom. . 2. Opening too many positions losing control over funds This doesn't refer to frequent trading or crazy stop-losses, but rather opening many positions in other coins. While this may seem like a way to improve efficiency, it also increases the risk of managing positions, seeking speed but adding unnecessary risk is a big no-no. . 3. Operations different from the original strategy Everyone has their own trading strategy, but if the strategy set beforehand differs from the later operations, it can lead to confusion about what one is doing. I accidentally increased my position blindly because of this, adding a lot of risk to myself, which is also a big no-no. . Alright, this liquidation was actually quite refreshing. I roughly understand why so many people get liquidated. It's not about avoiding greed and fear or whatever nonsense, but rather prioritizing risk management, and you need to pay attention to risk control no matter what you do or think from start to finish! It can be pretty exhausting. . Alright, that's it for this article~ Although this liquidation is sad, it allows me to improve my trading strategy, and it reminds me to always prioritize risk awareness, looking forward to going further in the next trade 😁 Waiting to withdraw money on the 10th to invest another 100U to continue the journey~ . To all the family members in the crypto world, let's work hard together in the future :))
After the end of this month, it means I have been in the crypto space for 5 months. It was quite a struggle until the fifth month before I really started making money. Surprisingly, this month I changed my approach and mindset, I realized that making money can be so easy and simple. I finally understood that investment is all about 'flexibility and mindset', Letting myself be happy when I make money and even happier when I lose money!
First time being charged funding rates by the doghouse 😁 Originally expected to lose 14U on funding rates today, But unexpectedly it waterfall-ed early, went short and made a profit, Fortunately, I bought before the 4 o'clock settlement, And also took profits from the long position I had built earlier 😁 Not only did I not lose money, but I also got back all the funds that were deducted earlier! Thanks to #AUCTION/USDT for letting me pick up some money 🤑
Today let's share a little happiness . Since I don't know when it started, I've realized that no matter how I operate, I'm no longer losing money, unexpectedly finding my own trading style. In the past half month, I've only lost on transaction fees; the rest has been profit. .
Honestly, I'm different from other trading geniuses. While others start off making money, I spent four months in the crypto world losing money. I really began to make money in the fifth month. At first, I lost about 600 USDT, which was quite upsetting, but after working hard to master my own trading style, I now have my own set of strategies and methods. In the future, I don’t know if I will be cut down like a leek, but since my operations can be profitable, I want to give it a try; it should be okay... right?
Ah, let's not look at the BIO profits and losses for now 😂 I made some wrong judgments and opened both long and short positions, waiting to break even at the take-profit point. Let's just leave it be and let it run wild.
Looking closely, I feel quite regretful, It took me four months to truly learn how to make money in the crypto world, Perhaps it's true that money can buy experience, Only with more experience can one make money, I can only say the road ahead is still long, I have already increased my original 100U to 160U, I have doubled it 5 times, Next target is 320U!
Oh, by the way, after a month of Bitcoin's pullback, it reached 60k. Does anyone dare to go long?
The originally opened short position for hedging has been resolved ☺ But figuring out how to resolve the long position is still a matter of study, Let's work hard to get it back!