Desaigrsu

Just got out of the shower and reviewed the day. I went on a crazy spree building stealth positions and made over 300 U by following the big players, but I still feel like such a rookie. My position sizing is terrible—I nearly took a huge loss on the #ZECUSDT position. Luckily, I kept an eye on it for over three hours and finally cut my losses. I can't believe I stupidly opened a short at 941 😫. Even though I took profit at 940 three hours later, it was extremely risky. At the time, I was even prepared to give up all of today's gains just to protect my initial 200 U. Thankfully, the market was still leaning bearish. I really need to be more cautious with my trades from now on 😕$SNDK $ZEC

Actually, this was bound to happen to me sooner or later. I’d just gotten out of the shower and was reviewing what happened today when I realized I’d been unbelievably stupid. I knew that if I kept shorting, my losses would just keep growing, but I was so convinced the trend was bearish that I kept holding on instead of closing my positions. Around seven tonight, I even chatted with my roommate about how strange the price action of #sndkuadt was—it just kept rising, and not a single bear stepped in to stop it. Turns out I was the fool. I didn’t even realize this was a classic short squeeze. There were so many chances throughout the day to minimize my losses or even make a small profit, but my greed and overconfidence made me miss them time and time again. I was too arrogant to set a stop-loss, and too arrogant to stop adding to my short positions. By the time I came to my senses, I’d used up all my available funds, and could only watch helplessly as my account got liquidated. It feels awful. Yesterday I was telling my roommate how much I’d made, and today I got liquidated, haha. But it’s okay—if these experiences teach me a lesson, maybe they’re not such a bad thing. At least the amount I lost in this liquidation is still within what I can afford. Getting liquidated also stopped me from making bigger and bigger mistakes. I’ll get my head straight and try again tomorrow. By the way, since you’ve read this far, could you please give me some advice? Thank you ❤️

Got liquidated—still, don't get greedy.

Today was a day when the newbie protection period had my back. After making a mistake on the 9th and placing a short order at 861, I had to place a long order to hedge before going to bed. But I didn’t expect the market to be so bad all day on the 10th. I kept trying to raise the average price of my short position, but later realized I was running low on funds, and forcing the price higher might make things even worse. So I decided to gamble on the direction. I even joked with my roommate and asked him to help me bet on whether to go short or long. Around 20:30 on the 9th, I got very lucky: before #CPI数据 was released, the market made an adjustment, giving me a chance to get out of my short position. Then, after #CPI数据 was released, I’d already given up hope and thought it was inevitable that my long position would blow up. But after 22:30, #SNDKUSTD suddenly started surging, and my long position actually became profitable! So I sold off all my long positions in batches. I was incredibly lucky—as soon as I’d finished selling, I noticed it seemed to have hit a peak. On a whim, I opened a short position in the opposite direction with half the amount, and happened to catch the dump, making a profit right away (average short entry price: 890) 🚀🚀 I was incredibly lucky, but I also need to reflect on this: I’m absolutely not going to make such high-risk trades again, and I’ll make sure not to hold liquidation-baiting positions overnight. Thanks to #SNDKUSDT for giving me a roller-coaster ride. It really is more fun than A-shares, but the risk is also very high. I’ll stick to short-term trading from now on, just playing with a few U at a time—that’ll at least cover my food for the day 💰(*^▽^*)