$BTC I spent a long time reflecting on this market move, from around 76,000 to 81,000. I had placed an order at 76,000, since I was expecting the price to reach around 80,000–81,000. But that morning, for some inexplicable reason, I canceled the order and placed one at a lower price, so I missed out on 5,000 points of profit.
Second, I opened a short around 78,000, planning to catch a pullback and then close the short and go long around 77,200. The market didn't give me the chance; it went straight up to 81,000. I added to my short as it rose, bringing my average entry to around 78,500. When the price fell that day, I didn't expect it to drop so sharply, so I closed at my entry price. That move itself wasn't wrong, but then I immediately went long without waiting for the wick to be reclaimed or seeing a buy signal.
In the end, I didn't just fail to make money—I lost money.
Second, I opened a short around 78,000, planning to catch a pullback and then close the short and go long around 77,200. The market didn't give me the chance; it went straight up to 81,000. I added to my short as it rose, bringing my average entry to around 78,500. When the price fell that day, I didn't expect it to drop so sharply, so I closed at my entry price. That move itself wasn't wrong, but then I immediately went long without waiting for the wick to be reclaimed or seeing a buy signal.
In the end, I didn't just fail to make money—I lost money.
