Trading Psychology: Expectation Changes, Greed and Fear
It’s still the same rhythm.
The last wave of short positions captured a nice profit from BTC. At that time, I clearly realized that the next script would be volatility and rebound, and all that was left was to patiently wait for the "key position" to act.
After a significant drop, it is often accompanied by a strong rebound to confirm the short-term bottom. Past experience has taught me that such rebound opportunities do not belong to my trading system. With this mental preparation, I was not anxious about missing it. The subsequent volatile market came as expected, high selling and low buying, everything was according to plan, and during that time my patience and confidence were steadily increasing.
The turning point appeared on March 9.
On that day, Bitcoin (BTC) quickly spiked, wiping out my breakeven loss, and then the price strongly broke through the 70,000 mark. At that moment I realized: "The volatility range might be breaking out." So I decisively reversed direction and boldly chased the long position, and my account indeed generated substantial floating profits.
However, the subsequent pullback became a test of my mindset.
The pullback of Bitcoin was expected, but because I had also opened a long position in ZEC at the same time, the overall profit drawdown made me develop an obsession with "protecting profits." I chose to close the position, and as a result, the price violently surged again immediately afterward.
It was from that moment that I completely lost my footing.
I did not follow my strategy and began to open positions frequently. Because the entry position was not good, I always wanted to lock in that meager profit; because I missed the new high, I always wanted to wait for a pullback to chase; seeing the price reaching the weekly resistance level, I couldn’t help but want to short at the top… my actions became distorted, and my moves were misaligned.
As early as February 6, I judged that the market was moving in the Wyckoff accumulation range, but ultimately I failed to capture the fattest segment of profit, which boils down to issues with expectation management.
I was too obsessed with the "entry cost." When I found that the entry position of this trade was higher than the previous one, I would hesitate; when I saw everyone on the screen showing profits, my mind started to get chaotic...$BTC
#稳住别浪 #比特币突破7.5万美元 #比特币升回7万 #交易复盘
It’s still the same rhythm.
The last wave of short positions captured a nice profit from BTC. At that time, I clearly realized that the next script would be volatility and rebound, and all that was left was to patiently wait for the "key position" to act.
After a significant drop, it is often accompanied by a strong rebound to confirm the short-term bottom. Past experience has taught me that such rebound opportunities do not belong to my trading system. With this mental preparation, I was not anxious about missing it. The subsequent volatile market came as expected, high selling and low buying, everything was according to plan, and during that time my patience and confidence were steadily increasing.
The turning point appeared on March 9.
On that day, Bitcoin (BTC) quickly spiked, wiping out my breakeven loss, and then the price strongly broke through the 70,000 mark. At that moment I realized: "The volatility range might be breaking out." So I decisively reversed direction and boldly chased the long position, and my account indeed generated substantial floating profits.
However, the subsequent pullback became a test of my mindset.
The pullback of Bitcoin was expected, but because I had also opened a long position in ZEC at the same time, the overall profit drawdown made me develop an obsession with "protecting profits." I chose to close the position, and as a result, the price violently surged again immediately afterward.
It was from that moment that I completely lost my footing.
I did not follow my strategy and began to open positions frequently. Because the entry position was not good, I always wanted to lock in that meager profit; because I missed the new high, I always wanted to wait for a pullback to chase; seeing the price reaching the weekly resistance level, I couldn’t help but want to short at the top… my actions became distorted, and my moves were misaligned.
As early as February 6, I judged that the market was moving in the Wyckoff accumulation range, but ultimately I failed to capture the fattest segment of profit, which boils down to issues with expectation management.
I was too obsessed with the "entry cost." When I found that the entry position of this trade was higher than the previous one, I would hesitate; when I saw everyone on the screen showing profits, my mind started to get chaotic...$BTC
#稳住别浪 #比特币突破7.5万美元 #比特币升回7万 #交易复盘
