$ETH These three days felt like a dream. The despair of 450u, then the incredible achievement of 2000 in one day, followed by the ecstatic joy of reaching 5000 in three days. In the last two hours, the despair of total liquidation. Only 90u left. Let's see how much can be achieved tonight.
$ETH It turns out that going from ten times to liquidation only requires one time of getting high, and the time needed is just two hours. The cryptocurrency career is over. That's it.
$ETH Last night I was tortured by Ethereum, at 11 PM it dropped 60 points in a waterfall, and then after midnight it pulled two big green candles, all the profits were given back and I ended up with a loss, it's so disgusting. I originally planned to break even, but then I was too angry and moved the stop loss back to the initial stop loss point. Actually, I shouldn't have operated this way; changing the stop loss is a bad habit. I opened a short position at 2652, if I had stuck to my break-even loss, there would have been better points later. The most important thing is that a tighter stop loss means that if there is a real loss, it will come back quicker. However, this incident also reminded me that stop losses should be reasonable, they should be placed at points where the market might reverse, and at the same time, entry points require patience and should not be rushed. This way, I can avoid the disgusting situation where the market sweeps the stop losses and then goes down. This wave of Ethereum netted me 100 points, and although my position wasn't large, it broadened my take-profit thinking. I set a random take-profit at 2641 before bed, thinking that it wouldn’t hit due to the downtrend, but when I woke up and manually closed the position, it actually hit, which was a surprise. I opened quite a few orders yesterday, but 90% of the profit came from this one at night, the daytime trades were just ants moving their homes back and forth. Once again, it shows that making money relies on the market and not the number of trades. I hope to change this slowly.
$ETH Bullshit market, it goes up, then a waterfall drop, and then directly rebounds to a new high. When you go long, it just drops unilaterally, When you go short, it just rises unilaterally, The pattern is just a volatile loss Without a pattern, you miss out on the big profits Playing with you is infuriating Going to sleep now
$ETH Yesterday's 450u, trading until now, finally made 2800. Not many trades today, 90% were in Pepe. Made two trades, one in the morning, shorted at 0.129, took profit and exited at 0.127. Made 300. Then continued shorting after 8:30 PM, it peaked at 0.134, almost hit my stop loss, luckily it came down afterwards, made about 400. During the day I shorted ENS, finally stopped out at break-even, and then suddenly crashed at night, what a pity. In the evening I also tried shorting Resol, unfortunately, I had a large position, strictly stopped out, otherwise I would have made profit. Better not to trade these new contracts, speculative coins, and coins without consensus, I can't grasp them well. Today's trading was slightly better than yesterday, didn't monitor the market much during the day, just glanced a few times at night, it was okay. I also envy others who open trades and earn thousands or tens of thousands right away. Take it slow Hope things get better and better.
After $ETH , I will continue to keep a trading journal. My flaws 1. No trading system 2. Emotional trading after losses 3. Preference for heavy positions after losses 4. Trading while emotional 5. Not strictly setting stop-losses, always relying on luck, constantly moving stop-losses Contracts are about taking small risks for big rewards, not large risks for small rewards. Yesterday's loss was truly because I underperformed. Today, returning a portion was really due to a lot of luck. Reviewing: Last night, starting with 3100, I shorted SOL at 154, originally setting a stop-loss at 156.62, which resulted in a loss of 117u. Then, due to emotional trading, I increased my position and moved the stop-loss to 157 and 160. As a result, when I woke up today, from 3100, only a little over 1300 remained. Then I continued to trade emotionally, heavily shorting SOL again, resulting in a loss. Continued to short ETH, lost again, shorted WIF and lost, consecutively losing 5 trades, leaving only less than 450u from 1300. There was a moment when I truly felt despair. Then I shorted 10 ETH at 2711, waited a long time, and exited around 2782, making a profit of 300u. (This trade was also not great because there were no strict stop-loss or take-profit strategies, I can only say it was luck). Then I took a break and spent the whole day trading altcoins. Stupid operations: At 0.2324, I shorted RVN, held it to gain 20 points, but when there was profit, I couldn't resist and took off after just 2 points, really stupid (this trade had almost no floating loss time, it quickly went into profit, and was far from the cost price, but I just didn't hold on; if I had set a rebound take-profit based on the 15-minute chart, I could have gained over 10 points, but I didn't; originally could have made over 1000, but ended up taking only around 200). At 0.458, I went long on AXL, similarly, I had the opportunity to gain one or two thousand, but ended up taking only around 200. Because there was no trading plan or system, no take-profit or stop-loss strategies. Lastly, regarding the new contract short on RESOLV in the evening, it was really foolish; I shouldn't have shorted, with a maximum floating loss of over 1000, almost facing liquidation. Sigh. I really need to take a break. I must control my trading well and avoid large losses.
$RESOLV Oh, a failed trade, promised not to do it, promised to have a tight stop loss, and then did it, opened a short position, and the stop loss position kept moving, with a maximum loss of over 1000 oil. Fortunately, I followed the Ethereum waterfall down and broke even. For the altcoins that rise without shorting, I really learned my lesson.
$ETH 500u did it to 1700u, damn it. Yesterday there was still 3100, woke up this morning to stop loss, made a move, and now there's barely 500u left, damn it. Spent the whole day, luck was good and finally got half back. Ethereum is really insane, too bad I didn't have more. Otherwise, just an extra 10 could have earned 1000u. Sigh, small gains but big losses. Hope to gradually change these rookie mistakes. Charge, charge, charge. Took a break. So tired.
04147715073 The bigger the market trend, the easier it is for me to lose money. Is there still hope for me to turn things around? Sigh, after a hard week, it all disappeared in one night. In the end, it still comes down to poor position management; the more I lose, the more I like to double down to recover, but then I lose even more. I was actually able to recover some last night, but before sleeping, I opened another short position. I initially opened the short position with a small amount and set a stop-loss, but I insisted on doubling down and moved the stop-loss. One mistake leads to another. I went from small losses to large losses, from large losses to being halved, from being halved to being ankle-deep in losses, and then almost blowing my entire account. All this happened in less than 8 hours. Making money is hard, but losing money is too easy. Sigh After losing everything in the morning trades, I was left with less than 500u. I worked all day and got lucky; I managed to get back to 1400. Sigh, I had over 3000 before I went to sleep last night. I was planning to short today because the daily chart showed four consecutive bullish candles, and there was a high probability of a drop today, so I thought I could set a stop-loss and take a gamble. But I couldn’t resist, and I shorted in the middle of the night. Then there was a sudden spike in the early morning. The last time I blew my account was last week when Ethereum plunged over 130 points at 4 AM, I kept trying to catch the bottom and kept losing, and that day I blew up to 8500u. And now that Ethereum's price has come back, my money is gone.