The first loss order has arrived, losing 4360U. Over the weekend, I bet on two altcoins. One was soon, which had a three-day pullback. I built the base position at noon on Friday, and during that time, there were two large bullish candles, making me feel like I had chosen the right direction. So, after waiting for soon to pull back a bit, I hurriedly increased my position, adding to the losses all the way down. What I didn't expect was that the surge I thought was a pre-launch signal turned out to be the last rise. Over the weekend, soon fell without any bottom. Since I had a relatively large margin now, I chose to hold the position, and after two days, I lost over four thousand U. Looking back now, soon was being suppressed by moving averages all the way, especially on Friday night and Saturday. Every time it surged, it was a trap for buyers, with a small rise followed by a rapid drop to reach lower lows. In this situation, adding to the position was indeed foolish. Let’s take this lesson of over four thousand U. The other altcoin I bet on was one that surged greatly on Friday night. I built a position during the pullback in the early morning, and after a significant drop on Saturday noon, I went heavily into it. This purchase was decent, as there was a surge in the afternoon, increasing by 20 points, at which point my position had an unrealized profit of 9100U. But foolish operations came again; with an unrealized profit of 9100U, greed took over, thinking to close the position when the profit reached 10,000 U. As a result, I missed the peak, and that coin kept falling until the position turned into an unrealized loss. Both of these operations were quite foolish. Soon was irrational, abandoning the careful observation of candlesticks I had in the past, instead relying solely on emotions to keep adding to the position, adding more as it fell, ultimately leading to a huge loss and exit. The other one lost due to one word: 'greed'; in order to earn an extra thousand U, I lost over ten thousand U. This is the first pullback and loss since starting contract trading. Remember the lesson.
Although this bottom-fishing Ethereum trade made a profit of 1338U, it was actually a heavy lesson. On Friday, after 9:30, there was a clear increase in selling volume and a drop, but not only did I fail to hold onto my short position, I also opened a long position at a very inappropriate time, relying purely on luck, and endured a sleepless night to break even. If it dropped a few more points from the lowest point of 4361 to 4350, it would have hit my stop-loss, resulting in a huge loss. Reflecting on why I operated this way, I feel like I fell into my old habits again, lacking patience and feeling discontent. I held onto my short position for a whole day, while Ethereum fluctuated up and down, mostly in a trapped state. So by the evening, after a small drop, I saw a floating profit of 5000U and couldn't wait to take profit, completely ignoring the downtrend with increasing volume, which I didn't grasp at all. Moreover, not only did I fail to hold my short position, but after a significant drop in Ethereum, I roughly calculated in my mind and realized I missed out on tens of thousands of U in profit, which left me feeling very discontent. I chose to go long with a large position against the trend and ended up being trapped for a night, almost hitting my stop-loss, all due to my chaotic operations. I cannot make such a basic mistake again. On the eighth day of trading, the current balance is 16939U. #合约挑战
After holding a short position all day, the market fluctuated around 4640 during the day, but I finally caught this wave of market movement at night, earning 5112U. With more margin, I indeed feel much more confident, willing to take larger positions, and not panicking even when being caught in a drawdown. The wide fluctuation of two points in a bullish candle at 8:30 didn’t scare me, and ultimately I secured this profit. I feel that Ethereum still has room to drop this weekend, aiming for 4100-4200, waiting for a rebound to find a suitable position to continue shorting. I still hold a long position in an altcoin that has been declining for three days, facing a loss of around 1000U. Weekends are generally the realm of altcoins, so let's see if this long position can yield some profit in the next couple of days. On the seventh day of trading, the current balance is 15722U. #合约挑战
Let's review the trading over the past six days since the account was created. There wasn't much to say in the first three days. On the 8th, I started trading contracts, switching back and forth between long and short positions on Soon, making quite a bit. Each trade earned me around 700 to 800 USDT, growing my initial capital from 1535 USDT to 7700 USDT. However, the day before yesterday, after opening a lead position, my market sense suddenly deteriorated. I chose to go short during Ethereum's strongest upward phase. When I woke up after one night, I hit my stop loss, losing over 2000 USDT. Yesterday morning, after waking up and not having a clear view of the market situation, I stubbornly went short, firmly believing that Ethereum was about to see a significant correction. I directly went heavily short. Half an hour later, the short position had a floating profit of 3000 USDT, having recovered the losses from last night. But at that moment, my thought was that I had definitely chosen the right direction for this short, and I had to hold on to the short position tightly, otherwise, I would miss out on huge profits. So I decided to hold the short position firmly. Not long after, Ethereum made a V-shaped reversal, climbing to 4700 and hitting a new high, and I was liquidated, with my account balance dropping from over 8000 USDT to zero. After feeling miserable for a little over half a day, I spent a lot of time reflecting on what I did wrong. The final answer I came to was greed and an unwillingness to admit mistakes. Once I organized my thoughts, I recharged 2800 USDT last night, bringing my total capital to 4300 USDT. Last night, I had two long positions in Ethereum, and today I took one short position in Sol and one reverse long position. After the market dropped in the evening, I bottom-fished Ethereum with two long positions, allowing me to grow from 2800 USDT to 11600 USDT, achieving a complete victory without any drawdown. Over 10,000 USDT is not much, and a few thousand USDT in profit isn't that significant either, but what makes me happy is that after the liquidation yesterday, I managed to adjust my mindset and get back up. If it were the old me, I might have continued to aggressively increase my short position, leading to repeated liquidations. But this time, I was able to reflect on myself in a timely manner, correct my mistakes, and move with the market conditions, which is what makes me the happiest. An unprecedented change has occurred, and I'm very glad. This change allows me to turn two to three thousand USDT into over ten thousand USDT within 24 hours without any drawdown, and it enables me to continue growing stronger in the future. I hope to reach even higher levels. Let’s encourage each other.
Fortune favors the bold. After breaking the previous low of 4496, I opened small long positions twice at 4488 and 4460, earning 1549U. The position is still low, with only a total of 100,000U in long positions. I was a bit timid, worried that the U.S. stock market might continue to decline after it opens at 9:30, so I didn't dare to take a large position. I missed out on quite a bit of profit, which is a bit regrettable, but in such a highly volatile market, I'm satisfied to gain a little. I hope there will still be a bottom-fishing opportunity after the U.S. stock market opens. On the sixth day of trading, the current balance is 11643U.
Surviving in the cracks, during the sharp decline, I bought the dip in Ethereum with a small position, earning 922U. This wave of decline came too suddenly, with a single statement from the U.S. Treasury Secretary, Ethereum dropped directly by more than two hundred points, terrifying indeed. But opportunities always arise from declines. Waiting for 9:30 when the U.S. stock market opens, as Ethereum drops again, I am preparing to take a medium position to go long on Ethereum. I still believe that this wave of Ethereum will definitely break the historical high and challenge 5000. The pressure is immense, so there will inevitably be a waterfall-like correction; the deeper you squat, the higher you can jump. On the sixth day of trading, the current balance is 10134U.
After closing the short position, I opened a small long position on SOL and made a profit of 667 U. I was still a bit timid, afraid of heading straight to 200, so I only dared to build a small long position at 202 as a base, but it turned out to be just the turning point; the position was too light, unfortunately. Currently, it looks like SOL is slightly stronger than ETH. Tonight, it's still between these two, so it's a good time to build a long position when the opportunity arises. On the sixth day of trading, the current balance is 9302 U.
Back from Hell! On the sixth day of trading, balance 8654U. The day before yesterday, I opened a position and shorted Ethereum, suffering huge losses and losing more than half of 8500U. Fortunately, after recognizing the situation, I joined the bulls, and the two long positions made back half of the losses. Plus, with the 1600U profit from this Sol short position, I'm almost back to my peak. The Ethereum from the day before yesterday was simply unreasonable, skyrocketing all the way up. Thankfully, I didn't stubbornly hold on to the bottom, allowing me to rise again. Ethereum should still be able to break its historical high, probably within these two days, and I'm preparing to find a suitable position to continue going long. Sol and Bitcoin should have already peaked, with at most a small rise when Ethereum hits 5000 before ending the bull market. Keep it up! #合约挑战
This ICNT long position has been trapped for a long time. The sudden drop of the new coin was really unpredictable. Fortunately, I still managed to exit with a profit, although it's only 338U, which isn't much, but it's acceptable. I just wonder if the friends who followed the trade managed to hold on or if they incurred losses. Next, I plan to focus on a wave of Ethereum short positions. Currently, I have established a base position at 4481 and am observing the 4500 level for potential additional investment. On the fourth day of trading, the principal was 1535U, and the current balance is 7750U. #合约挑战
After opening the position, I made two short-term long trades and made a profit of 582U. Soon and Fun still remain bullish, but I don't have time to monitor the market in the afternoon, so I'll take profit for now and open a position later. On the fourth day of trading, the capital is 1535U, and the current balance is 7400U. #合约挑战
This two-hour long position trade made a profit of 774U. To be honest, this long position was not very rational; I watched Ethereum for half a day around eight or nine o'clock, set a limit order at 4160 which never got filled, then turned to go long on soon, hoping to be brought up by Ethereum. As a result, it fell all the way down while I kept adding positions, fortunately, it surged back with two bullish candles, and I successfully took profits. I missed the big trend of Ethereum and got stuck in soon for an hour or two, which is a pity. Remember the lesson, don’t fall in love with coins; if it's time to go, then go. soon is obviously weak; unless it can test 0.53 again, otherwise, it should turn around and exit to find the next target. On the third day of trading, the capital was 1535U, and the current balance is 6819U. Sleeping. #合约挑战
Another ultra-short-term trade of thirteen minutes Profit of 632U Strangely, the long position I opened at 0.36 last night did not show up in the position history after I closed it at 0.39 this morning, but the short position I just closed is now there, not sure why The long position opened last night was closed too early today, but it still made over 1300 dollars, not bad, just missed the big surge in the afternoon, very unfortunate Initial capital 1535U, currently on the third day of trading Current balance 6048U #合约挑战