This month’s futures trading on Binance USDⓈ-M was a rollercoaster, ending with a **net loss of $33.17**. Here’s my breakdown and key takeaways:
1. **Winning Days vs. Losing Days**:
- My best day was **July 3rd (+$11.90)**, where I caught a bullish BTC rebound.
- Worst day: **July 16th (-$14.60)**—overleveraged during a sudden market dump.
2. **Patterns Observed**:
- Small gains (e.g., +$0.40 on July 1st) were consistent, but two big losses wiped out profits.
- **July 21-22** saw a **-$5.12** dip due to misjudging ETH’s resistance level.
3. **Adjustments for August**:
- Tightening stop-losses (no more than 2% per trade).
- Reducing position size by 50% to avoid emotional decisions.
- Focusing on **$BNB** futures, which showed steadier trends in my spot trades.
**Lesson Learned**: Patience and risk management matter more than chasing rebounds!
1. **Winning Days vs. Losing Days**:
- My best day was **July 3rd (+$11.90)**, where I caught a bullish BTC rebound.
- Worst day: **July 16th (-$14.60)**—overleveraged during a sudden market dump.
2. **Patterns Observed**:
- Small gains (e.g., +$0.40 on July 1st) were consistent, but two big losses wiped out profits.
- **July 21-22** saw a **-$5.12** dip due to misjudging ETH’s resistance level.
3. **Adjustments for August**:
- Tightening stop-losses (no more than 2% per trade).
- Reducing position size by 50% to avoid emotional decisions.
- Focusing on **$BNB** futures, which showed steadier trends in my spot trades.
**Lesson Learned**: Patience and risk management matter more than chasing rebounds!