风禾节Trader

"Crypto 100U to 100000U" contract real trading challenge

Day 0
Initial capital 100U,
Today's profit: 0U
Realized profit and loss: 0U

Today I temporarily exchanged some fragmented tokens in this account for U, gathering a little over 100U. Then I managed to gather 100U in this public trading account.
My current plan is to use this public account to start a real trading challenge. This way, everyone can also see the specific operation records inside.
Such a real trading challenge is more genuine and meaningful.
I have actually been contemplating this real trading challenge for a long time, but I have not been able to stick to it. The biggest reason is that I feel my ability is still not enough.
But now I am determined to do it for the following reasons:
1. This account has dropped from over 60,000U at its peak to now less than 1,000U, which is really a loss due to my own capabilities; I am inexperienced, so I opened a challenge to train myself.
2. If I really acknowledge this path, it means I must make progress in this area. Being able to succeed and achieve stable profits is actually not related to the amount of initial capital; in other words, if you have the ability, you can earn a lot of money regardless of the initial capital.
3. The main purpose of the real trading challenge is to discipline myself, to urge myself to review daily, summarize daily, think daily, control my own capital, and control my own hands. To go deeper, this challenge is mainly to challenge myself, not to challenge others.
4. Those who can truly succeed are those who persist, or in other words, those who survive. Therefore, figuring out how to survive in this market is also a goal I need to pursue.
5. Currently, I do not have a stable profit trading system, so starting this real trading challenge also urges me to explore a stable profit system and improve my trading philosophy.
#合约 #合约挑战 #实盘挑战

When I returned, I found that all the major currencies were oscillating at high positions, so not increasing positions in the morning was the right decision. Otherwise, I would have been slapped in the face again. Not pursuing is because I don't understand, if I don't understand, I won't act, and if I don't act, I won't lose money. Although I won't make money, this logic is correct. Then in the afternoon, after a nap, I looked at the market again. To be honest, the altcoins didn't perform well either. Although there were some altcoins slightly emerging during the oscillation of the main currency, it was still not as good as yesterday's market. As expected, I lost on a few trades, the reason being that the entry positions were not good for chasing or catching. It didn't feel great. So I decided to take another nap. After waking up, I continued to watch the market and found that a new coin AIA had launched. I took a look and thought it was worth chasing, so I jumped in. I first went long and made a small profit, so I ran away. After a while, I looked again and saw a big bearish candle coming down, so I went short. Later, I checked the information on this coin and found that the circulating market cap was 100 million dollars. I thought it could be held long-term. Holding long-term is fine, but I was afraid of adding positions at the wrong spot, and the amount added was a bit large, which caused my almost 100 dollars in floating profit to be wiped out. Later, I realized that my added position size was not well-managed, which led to the stop-loss order being easily triggered as it followed the downward movement. Today I traded several coins: BROCOCOLI714, AIA, LA, JOE, BAKE, ALPHA, XNY, AGT, BTC, OG. Overall, why did I lose money today? It was because: 1. The overall altcoin market was not very enthusiastic. 2. The main currency and mainstream coins rose sharply, but the altcoins did not show any remarkable performance. 3. The most losing trade was 97U, mainly due to a bad entry position. If it were a large bearish trend, one must wait for a rebound and then enter a short according to the signals instead of chasing shorts. Conversely, the same applies to going long. This is a lesson that should be remembered, as there are many historical lessons about this. #合约 #合约挑战 #实盘挑战

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.

#合约 #合约挑战 #实盘挑战

Today I found what seems to be some points of profit.
But it still needs to be refined.
I will reflect on this later.
Let's see if we can stabilize profits for a week.
If we can stabilize,
then we will trade according to this idea.
Find the direction of funds, find the attack points of funds.
Chase the leading stocks. Observe the leaders, feel the leaders, find the entry points.
Look for relatively certain buying points.
Look for relatively certain buying points.
Look for relatively certain buying points.
Today, the large account is still losing money. #Sapien

Today continues to be a big loss, a major loss among major losses.
Maybe not many people pay attention to those who are losing every day.
It feels like continuous major losses are a big taboo. Tomorrow, I will only operate one account.
Unable to grasp the profits, but I will bear the large losses. This is the true depiction of today.
Trading still lacks rules and systems.
What I wrote yesterday, I forgot again today.
What I learned today is to wait.
Wait for the moment when a big fluctuation arrives to strike accurately.
Dare to heavily invest in a good position.
Even during the imitation season, I can't get a piece of the meat.
Actually, focusing on the fluctuations between 8 PM and 10 PM every day is enough.
Wait, wait, wait.
Patience, patience, patience.

Today was a big loss.
It was due to opening a larger contract.
Originally, I was trading small contracts all day, thinking I had made a decent profit, but in the end, I still ended up losing.
So I can't open a supermarket.
Later, I went outside to get some fresh air and came back, but then I messed up again and lost several hundred U.
After coming back, I was still too impatient with my operations.
So I wrote down some trading rules for myself again.
Tomorrow I will reassess myself.
Not having time for reviews every day is a mistake.
Not having time for reviews every day is a mistake.
Not having time for reviews every day is a mistake.
Not having time for reviews every day is a mistake.
Read it a few more times and reflect on life.

This morning's fluctuations were very weak. The long position that was originally established was later withdrawn.
Let's continue to lose money today. Today, the money earned yesterday was lost again.
The profit effect of altcoins has weakened compared to the last two days, but for mainstream cryptocurrencies, tonight's profit effect is significantly better than that of altcoins.

There is one point that needs reflection:
1. There is an order #XNY , a short position established, but no stop-loss was set, and by the time I noticed, it had already reached 90U. That is an issue that should not occur.
1) In the future, operations must set a stop-loss before switching to other interfaces to operate.
2) Additionally, in the future, it is best to operate in a USDT-based interface and avoid switching between margin and USDT-based frequently.

Tomorrow's plan:
1. Learn how others can hold long positions, study the methods of the experts, and analyze when they establish positions and when they close them.
2. Continue to level up. There are still many things that can only be learned through practice. Only through more practice can one discover their own problems. Only through more practice can one cope with all market conditions. Only through more practice can one find a stable profit system.
3.

Unknowingly, the assets of this account have already fallen below 1000.
Starting from tomorrow, I will treat every order in this account seriously.
Anyway, I won't invest another penny into this account.
I must keep an eye on this account to recover.
Right now, every account is still in operation.
Today, I somewhat understood the market, and was able to avoid losses on another account.
Slowly, let's continue.
Keep fighting. Let's go. #BTC #非农

Today, I have developed some new operational ideas (BTC, MYX).
I feel like I'm just operating randomly right now.
I have always believed that different market environments lead to different operating methods.
Wherever there is profit, that’s where to go; this idea is absolutely correct.
However, the connection between this market environment and operational methods still needs to be found through continuous practice and losing money to get a feel for it.
Recently, I have been trading the top 10 cryptocurrencies by increase. Although I haven't made money, I haven't lost much either.
The profit effect brought by this market environment is definitely at high levels.
That high-level profit effect will also drive Bitcoin and Ethereum.
However, mainstream coins are not as quick, but slowly increasing is also a big profit.
Take it slow. It will take at least a year to gain insight (this is the most ideal state).
Recently, my operations have been too frequent.
I have been messing around with several accounts back and forth.
However, I have recently discovered some grid trading ideas and am still exploring.
I decided to take half a day tomorrow to study the grid trading parameters that are relatively profitable in the market.
Additionally, the profit effect of OKB is indeed good. There are large fluctuations back and forth. In the long run, it is still on the rise. So I am preparing to take a long position; I already have the spot. The perpetual contract should still be built up slowly. #SOMI #MYX #TA

This is a reflection post:

The greatest sorrow of a trader is wanting to chase every opportunity.
I am the kind of person who can't control my own hands.
If I can't even guarantee the profit-loss ratio, how can I manage my own wallet?
Trying to experiment with such a small position, no matter how much capital there is, will eventually lead to debt.
Give yourself a big slap!

Today, a summary of the trading data over the past six months was made, and some problems were discovered. There hasn't been enough time to review the larger losses and profit delivery orders, which will be the next step in the plan.
Overall, it is still not very good. Although it seems to be in a profitable state, the recent frequent openings have led to a significant shrinkage. Here is the specific currency performance analysis:
Top currencies:
ETHUSDT (profit of 6,074 USDT) and BTCUSDT (profit of 4,014 USDT) contributed the largest profits, but the trading frequency (ETH 333 times/BTC 480 times) and win rate (ETH 58.6%/BTC 51.3%) show that ETH is more efficient.
Risk targets: Although LTCUSDT has a total profit of 2,776 USDT, its win rate is only 42.7% (61 wins/81 losses), indicating a high volatility risk.
Time dimension analysis
Win rate fluctuation:
The monthly win rate fluctuates between 38%-59%, with April performing the best (59%) and August the worst (38%), requiring an analysis of market conditions to adapt strategies.
Consecutive periods:
The longest consecutive loss lasted 9 days (need to be wary of risk control loopholes), while the longest profit lasted only 4 days, reflecting insufficient profitability continuity.

Capital curve characteristics

Cumulative profit and loss curve:
May saw a significant increase (monthly profit exceeding 9,700 USDT), but subsequent retraction was noticeable, needing to check whether the trading strategy at that time was overly aggressive.

Key chart interpretation

TOP20 currency distribution:
The top 20 currencies contributed the main profits, but the tail targets (such as BCHUSDT) had a win rate of less than 40%, suggesting optimization of target selection.
Monthly win rate bar chart: The win rate has a high correlation with market trends, necessitating the establishment of a trend recognition mechanism.
Improvement suggestions:
1. Set stricter stop-loss rules for low win rate, high volatility targets (such as LTCUSDT)
2. Analyze the profit strategy from May (such as position increase logic, target selection) and attempt to replicate it.
3. Initiate a dynamic position adjustment mechanism when consecutive losses exceed 3 days.

Today is another day of playing around!
Based on yesterday's summary, I learned one thing: recognizing the trend and making the right moves are two different things! We only need to make the right trades, and the market will always compensate you!
#非农就业数据来袭 Non-farm data is out, why still insist on being bearish? That is because we should not go against the trend; positive news landing is negative news!
And the big logic behind this bearish outlook is not that the data is bad, but that the trend cannot be reversed!