$ETH Woke up after one sleep and the position was gone. It turned out the 2233 stop-loss auto-triggered. If you’re wrong, you have to admit it—if you get hit, stand up straight. I never expected that in one day I’d push from around 1900 all the way to 2300+. A surge of 20%—it felt like I’d gotten out of a counterfeit market! But I’m not upset, because liquidity is back!
A stop-loss isn’t scary. What’s scary is the attitude of not admitting your mistake, and the lack of the ability to review and reflect. I opened a short at 1940 on 7.15; the low went down to 1800. I had 140 points of floating profit and didn’t run. I twisted profit into loss. When the floating loss reached 300 points, I finally stopped out. Even though, from a technical perspective, the daily-level RSI is almost hitting 100—severely overbought—my rational side tells me to strictly follow the stop-loss, not trade emotionally. Maybe within a week it’ll drop back to the starting point, but that doesn’t matter, because holding positions emotionally is a big taboo!
From the double-pin low around 1500 up to 1980, I did catch some meat. But after that, around 1900 it started consolidating—lows kept getting higher. The signals showed a month-long accumulation of positions: the classic “old granny climbing the stairs” pattern, then a sudden rocket-like takeoff. The biggest reason was that I went flat for a month without leaving. I played the gambler once. When price chops within a range, whether you go long or short, you’re basically gambling. The most correct approach is to stay in cash and wait, because uncertainty is just too high!
As for my outlook and trading opportunities going forward: shifting from being mostly short to being mostly long—after that, every time there’s a big pullback will be a chance to get on the train. The bull’s head is starting to appear. If the next big pullback doesn’t break the previous low, then this bear market from 1500 is probably the bottom.
A stop-loss isn’t scary. What’s scary is the attitude of not admitting your mistake, and the lack of the ability to review and reflect. I opened a short at 1940 on 7.15; the low went down to 1800. I had 140 points of floating profit and didn’t run. I twisted profit into loss. When the floating loss reached 300 points, I finally stopped out. Even though, from a technical perspective, the daily-level RSI is almost hitting 100—severely overbought—my rational side tells me to strictly follow the stop-loss, not trade emotionally. Maybe within a week it’ll drop back to the starting point, but that doesn’t matter, because holding positions emotionally is a big taboo!
From the double-pin low around 1500 up to 1980, I did catch some meat. But after that, around 1900 it started consolidating—lows kept getting higher. The signals showed a month-long accumulation of positions: the classic “old granny climbing the stairs” pattern, then a sudden rocket-like takeoff. The biggest reason was that I went flat for a month without leaving. I played the gambler once. When price chops within a range, whether you go long or short, you’re basically gambling. The most correct approach is to stay in cash and wait, because uncertainty is just too high!
As for my outlook and trading opportunities going forward: shifting from being mostly short to being mostly long—after that, every time there’s a big pullback will be a chance to get on the train. The bull’s head is starting to appear. If the next big pullback doesn’t break the previous low, then this bear market from 1500 is probably the bottom.
