This morning I opened a long position of 100,000 coins at 0.21450, but it fell to 0.2133, and I sold, losing 107u. Unwilling to accept this, I opened another long position of 100,000 coins at the same level. It fell to 0.2133 again, and at this position, I took out my last 300u and opened another long position of 100,000 coins, which then dropped to 0.21213. My liquidation position is at 0.212048, just 0.0015 away from triggering a liquidation. I watched as my funds dwindled, and I had to work hard to repay my debts, but then a miracle happened, and it started to reverse. There’s a picture as proof, may lightning strike me if I lie.
Two pictures confirm my thoughts. I only have 600u and decisively took out 45u to short with a light position. Sure enough, a big drop occurred. In the first picture, it failed to break through 4500 for several consecutive days. Approaching 4500, there was strong resistance from the bears. The second picture shows a long upper shadow, where the bulls pushed the price up, but the bears pressed it down hard, forming this pattern. After waiting half an hour, I found that the bulls were unable to break through. I decisively joined the bears and got it right.
I opened 4 short positions at 4460 in the morning using 160u with 120x leverage, several times hitting the stop-loss at 4885 and 4886, and forced liquidation at 4887.78. I managed to hold on and sold at 3880.
安心资本
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Accidentally opened 41 after drinking, just one step away from returning to 0, the worst order I've done recently, left 1 after making 40 in the evening, fell at the last moment. The last one didn't come out when I woke up in the morning. Walked away when the profits retraced. With small funds, there's no way to adhere to 2% risk control, profits and losses stem from the same source, just don't play too big.
Let's talk about whether we've made a profit or loss in the crypto world.
With good luck, one can earn over 10 million RMB in a year, which is more than enough; good luck can provide for a lifetime of basic needs. It's okay if you have little money; we can just play around in the crypto world and grow to a larger position. In a bull market, firmly hold onto your coins; in a bear market, firmly hold cash. The highest realm of trading is holding cash, because waiting for a significant drop and being able to enter when the market is in chaos can yield the greatest profits. Holding cash is also quite difficult, as you have to endure long periods of boring waiting and the FOMO mentality that arises when others keep making money, according to ETH. Based on the fluctuations, there is a 20% chance of a decline, and it's still quite manageable 4-5 times a year.