#市场全线看牛? Recent market conditions, sigh, no more to say!
$PEOPLE and $THE have been in a drawdown for 2 weeks!
These 2 orders are both left-side limit orders, executed during a sharp drop! The facts prove that there is no bottom for altcoins; one really cannot place left-side limit orders! Subsequent actions: set alerts, observe, then consider whether to enter! Strict stop-loss on contracts!
Is it right or wrong to still use 'bull market' logic for altcoins?
Others' logic is 'now is the time to bottom fish' My current thought is 'should I take partial losses?'
2024.11.30 "If you can't accept a stop loss, you will be forced to liquidate!" This month's biggest loss comes from $THE , losing 20% of the principal
Why review this trade?
Because there are many common mistakes that beginners make here, If these cannot be corrected, I will not be able to make money in the crypto space!
1. Chasing trends is not wrong, the mistake lies in chasing high prices, attempting to catch the falling knife (buying at a high) during the early stages of large investors cashing out!
2. There is still hope even if you are halfway up the mountain, but the second mistake is not being able to accept a small stop loss ($100), and then averaging down to cover losses, resulting in an expanded loss ($600)!
3. In fact, there are many opportunities to exit and stop loss early; there are many signs of large investors cashing out. The third mistake is being too speculative, subjectively believing that the main players will maintain the lowest price range of the initial sell-off!
4. Stop loss level > 10% of principal and failing to exit in time! This leads to excessive loss of principal, making it harder to recover!
5. Insufficient understanding, addiction to trading! Learn and understand, take a break for a week!
How to adjust your emotions when you are in the air?
#山寨季将至? #韭菜的心路历程 How does Takong adjust his emotions? ——Learn, observe, and wait for opportunities! —— 2024.11.8 Record This wave is perfect! Although I have always wanted to keep up, I have been doing long, but I can’t keep up with my knowledge and can’t hold on! I can’t bear too many floating losses! I shouldn’t earn this money! "People really can't make money beyond what they know." Fortunately, it paid off! (Although it is more than 15% less than simply holding $BTC currency and waiting for it to rise😭) —— From August to November 2024, experience "Bear🐻 + Ox🐮" completely once! Today $ETH made up for the increase, and I finally understood that "big investors only speculate in mainstream currencies"!
#美国大选后涨或跌? $TIA Every time I chase the high, I lose money!
A big part of the reason is myself! (1) I thought I was about to break through, but was frightened by the correction and closed my position! (2) The next time it broke through and chased the high, it was frightened by the correction again! (3) Don’t dare to buy at low prices! Chase highs and be afraid of corrections! Chinese chives! ! !
Will there be a supplementary increase? Or will it follow the big pie and pull back first? ! I was frightened into submission by this month's "Follow the fall, not the rise" copycat!
Opening a position at will again!
If the reason for buying is not sufficient, don’t place an order!
—— 2024.11.6 11 o'clock $BTC broke through new highs, reaching a maximum of 75656
The air force was taken away in one wave! Can it still be done?
I'm empty!
—— 2024.11.7 5 o'clock BTC breaks new high again, highest at 76420
He didn’t even dare to cover his position!
It's too easy to pull the market now, let's use the US election to stir up emotions! U.S. stocks surged by more than 3%, and the currency circle is also experiencing extreme FOMO, right?
The liquidation chart failed in the face of major events! Shorts will keep replenishing fuel (→are you referring to me?!)
[Lesson:] Don’t guess! My itchy hands guessed that I would just take one bite and run away! There is no pattern in the unilateral market.
—— I really want to ask for your opinion (the traffic of new users is too small, can someone please reply?): Let me know if there are any short sellers who don’t know the peak period from March to July 2024? What did everyone think at that time👀?
—— Updated on 2024.11.7
I have no structure, so I set up a guaranteed loss, and the amount is 75,000 square meters. If I don’t know enough, I really shouldn’t earn this money! ! ! Learn more, observe more, and wait for the opportunity to double!
The liquidation chart ~ really cannot be used as a single indicator! Let’s go technical!
[Experience] If you want to make money, you must first learn not to lose money—wait for the opportunity!
—— Things have been very wrong these past two days! ——Dominated by the "fear" mentality, slapped back and forth in the face! (1) I didn’t make any gains📈I didn’t make any gains📉 (2) Overall, I was bearish, but I kept waiting to take the long position. As a result, the long position was repeatedly frightened by the callbacks and I closed the position manually! I turned to shorting, but I was worried about taking the long position at a low position. As a result, the short position was frightened by the rebound and I closed the position manually! (3) I always want to copy the 🐟fish head market and copy the big bottom, but currently I am "making orders against the trend" → Now I understand that I have poor psychological endurance and cannot make money by making orders against the trend!
To sum up, it is "open orders at will and lose money at will!"
I lost $200 in one day.
Sadly, this is not a "transaction cost", it is a "leek cost"
—— Adjustment method:
$BTC has not pulled back once to 65000~66000, so the copycat cannot be said to have bottomed out! At least my current status is "a copycat that can't afford the current price."
Wait for the opportunity! Wait for the opportunity! Wait for the opportunity!
Capital preservation comes first! Capital preservation comes first! Capital preservation comes first!
Be sure to wait for the market to give a clear direction before taking action, so as not to lose money easily!
—— Attached picture: Silly’s operation record over the past two days!
#韭菜的心路历程 ETH and TIA's failed transaction records (closed)
———— 2024.11.5 6:50
We agreed to avoid 🇺🇸 election risks, but yesterday I couldn't help but build some positions! Retail investors are just retail investors!
Has the pullback 📉 arrived? Has it arrived? Has it arrived?
I couldn't help but add a bit of $ETH and $TIA
$LISTA was set at 0.315 but never got filled, what a pity!
However, in the crypto world, it's worth waiting for the right 【risk-reward ratio】 opportunities!
———— 2024.11.5 7:20 Update
It seems like it hasn't hit the bottom! I bought at halfway up! What did I do wrong this time? — I was still too easily influenced by popular stocks! Why didn't I stick to my own opinion? — It's still out of a 【fear】 mentality, afraid of not having enough chips in hand..
This time, I added to my position under the influence of a major influencer (another one), the influencer's viewpoint was not wrong, but I overlooked that he is trading very short-term, my plan is for trend trades.
Also, do not add positions while in a floating loss! Do not add positions while in a floating loss! Do not add positions while in a floating loss!
For now, wait for a bottom reversal signal 📶! You must stick to your own opinions and position-building plans!
———— 2024.11.5 8:30 Closed (loss of $20)
It looks like I sold too early!
But it's okay! Because this trade went against the trading discipline I just established in the past two days! During the holding period, I felt extremely uneasy.
Wait for the bottom signal of BTC before building positions again! At least consider building positions near 65000!
The crypto world is not short of trading opportunities! Short of bullets! Short of bullets! Short of bullets!
Don't rush! Don't rush! Don't rush! Rushing will lead to losses!
$LISTA Operation Record (2024.11——Position held for 1 day and then closed)
—— 2024.11.3 Market Correction, switched to LISTA (Cost 0.31)
Trading Plan: (1) 50% First Take Profit 0.4 (2) 25% Second Take Profit 0.6 (3) 25% Long-term hold to 1.0
This time $EDU switching to LISTA was relatively successful, Only by building positions at 【Key Levels】 can you hold on and hold for long!
A brief correction is nothing to panic about!
Remember this trading state: Build positions at key levels, fear when losing, greed when profiting!
$LISTA Key Levels 0.315, 0.305, 0.295 are still valid There is an opportunity to add 1/3 more
Low leverage (recommended below 5x!) to avoid liquidation!
———— 2024.11.4 22:00 Update
Closed position! Didn’t even reach the first take profit😅😅😅
The mindset is still that of a novice, can’t hold on! (1) Will also look at 👀 1-minute candlestick chart → See Figure 1: The trend is indeed strange! (2) Still thinking about swinging trades to buy back → If it’s cut, it’s cut, new trades should still follow the discipline! (3) Another reason for closing: Feeling that the BTC correction isn’t over! Avoiding the risk of the US elections in these two days 🇺🇸!
———— Position Building Discipline: (1) Strong coins, active coins (2) Key position speculation (3) Low leverage < 3x
—— First of all, 0.475 Ogura is not a big problem! Secondly, we plan to add positions at 0.45, and there is no problem in adding positions at 0.40!
What's the problem? ! —— Today $BTC calls back, when the copycat commits suicide $EDU is in the process of callback from 0.47 to 0.448 Failure to follow discipline and start adding positions at 0.45 It was too heavy to cover the position starting at 0.47, so there was no funds to cover the position at 0.448
Going back further, why are you obsessed with this thing? —— Still trust the square’s recommendation too blindly! Just looking at the trend, this product is pure garbage! Properly follow the decline and not the rise! No rise📈Only oversold + correction!
—— Therefore, if Leeks wants to make money, it still needs to get rid of some human nature: (1) [Abandon trading in famous brands] Even if it is recommended by a big V in the square, you should still keep a clear mind and follow your own trading principles. (2) [Copycats still need to speculate in strong coins] This year SUI, LISTA, and TIA should be the focus of the long order layout! (3) Only enter the market at [key support] and exit at [key resistance]!
———— 2024.11.3 17:20 update operation
0.456 Reduce position by 1/2, loss $70
[Reasons for reducing positions] 1. The BTC correction is not over yet, and it is expected that this stock will be suppressed again! This product will no longer be replenished! 2. If you add positions at will before, it is considered a heavy position! You need to reserve funds to receive other strong altcoins!
—————————————— 2024.11.3 19:30 update operation
The position was closed, and the loss on this order was $170 (really still a small leek!) —— [Reasons for closing positions] 1. Psychological factors: Ever since I posted this post, I have always felt something is wrong! Think about it, why is the immediate reaction when you feel something is wrong not to stop the loss, but to level it out? ! The current trend still feels wrong! 2. Opportunity cost: The first target LISTA is also accelerating its decline📉. It is almost reaching the target entry position. I want to save capital and exchange positions! —— EDU is really not something you can touch! At least not too much! There are many good opportunities in the currency circle, so wait patiently and don’t be afraid of not having good entry opportunities!
#leeksdiary Review of this week’s transaction records (2024.10.27~2024.11.3)
———— Summary of trading principles: (1) Overcome the fear and greed of human nature: be afraid of losses and be greedy of gains! (2) Determine the trend first, then consider long/short! (3) Only play in key positions and wait for entry signals! (The same applies to adding positions!) (4) Trial orders for small positions, increase positions with floating profits, and never increase positions with floating losses!
—————————————— When I enter the market with the following mentality: Often [carry orders with floating losses], Finally [cut the flesh and appear]. —— 1. Ignore the trend and be too subjective and emotional → Look at the trend first! (1) $BTC When the market reaches a high point, I want to sell short → [The bull market is not bullish ~ BTC is attracting money but it is not bullish] (2) $EDU When the market reaches a low point, I want to go long → [Bear market has no bottom ~ Copycats have no bottom] —— 2. Careless entry → only play at the [key position] and wait for the [entry signal] (1) During the initial stage of the rise, I was worried that I would not be able to [sell at the highest point], so I entered the market immediately and ended up getting stuck; (2) At the beginning of the decline📉, I was worried that I would not be able to [buy at the lowest point] and ended up getting stuck! —— 3. Enter the market at will → The holding cost is [Excellent], so you can hold it! (1) A large part of the reason is sloppy entry, which leads to "floating losses and carrying orders". During the period of holding the position, I have been worried that I will not be able to recover my capital, so when the market reverses, I cannot objectively judge and leave the market prematurely! (2) Short trend: Fall 📉 → Rebound (but not the previous high) → Fall (3) Bullish trend: rising 📈 → correction (but previous low) → rising
【Always Remember This Lesson! Stay Away from EDU】 2024.11.3 Once again caught in $EDU ! This thing really has no bottom!
——
This mistake: 1. Originally planned to add positions at 0.45, but did not execute according to discipline! Added too much at 0.47~0.46, resulting in no funds to add positions below 0.45!
—— Originally observing $SSV $TIA and this thing
Surprisingly chose this thing again!
SSV 16~17 held up EDU seems like it can't hold even 0.45 TIA, although there is a major unlock, has strong support at 4.5
——
After getting through this disaster, it's better to remove EDU from favorites!
The liquidation map is constantly changing. The price has not changed in the past two days, but Air Force Fuel has increased by 2B. It has almost tripled since BTC tried to break through the new high-explosive short two days ago!
The probability of $BTC breaking a new all-time high is getting higher and higher!
Adjusted the short position - cleared 80% of the position and retained 20% The cleared positions are planned to be replenished when the record high is reached (approximately 73,900).
———————— Updated at 12:00 on November 1, 2024 If the short order is not held, the short order in the liquidation chart has increased to 5B, and it should challenge new highs again.
This mistake: I didn’t understand the currency logic of [short orders are liquidated repeatedly, long orders are liquidated once]!
According to the liquidation chart, it is speculated that the long position should be liquidated to around 65065 (exactly half of the liquidation)
———————— Review of this order: The entry was too hasty, the exit was too casual, and there was no game in the [key position]. When doing T, you should also play in the [key position]!
Observe first, 65065 small order test, look up to new highs!
In the three experiences of going long $EDU , I never made any money💰
Every time it's a lie, trapping me on a high ⛰️ hill
Could it be that... I am not as able to handle orders as Mr. Dan? ! Let's try this time... If the boss gets his money back, should I run away?
Accumulated lessons learned for the nth time:
Failure to abide by trading disciplines and gambling at [key positions] 90% lose money! 90% lose money! 90% lose money!
———————— Updated at 2024.10.31 22:30 I covered my position twice with $EDU , but still no bottom...
If you didn't listen to other people's recommendations, you probably wouldn't touch it. The trend is really rubbish... follow the decline but not the rise, the main force is ultra-short-term (K-level trading in 1 minute, the type of high-level shipment immediately after pulling up, a proper junk coin! )
I can only use it from now on!
———————— Updated at 2024.11.1 2:20 The pending order of 0.48 to cover the position was successful, which made me panic! This thing that follows the decline but not the rise will not be able to save it even if the bull comes? 😂😂😂 $BTC The empty order was replaced with a long order of this product! The fault is actually me!
———————— Updated at 2024.11.1 6:13 Get off the car safely and stop FOMO! Only open positions at [key positions]! Remember the lesson of this time! There are many coins (such as SUI) that are more suitable for long than EDU!
The following is just my trading record as a small player ……
Yesterday I wanted to short $SUI several times I couldn't help but try a small position But thinking about its strong trend before I decisively closed the position after 5 minutes
Now looking at the trend chart, I’m glad I ran fast! When the market is strong, the most prudent operation—go long on $SUI Not at the highest point, but getting in during the pullback!
I will remember this next time!
——
A week ago, I also chased high near 2.1 and cut my losses! I couldn't stand holding the position, so I must open a position at key levels!
【Key levels for $SUI 】1.62——1.4——1.0——0.8——0.5 are still valid, waiting for the next entry opportunity!