One hundred U challenges ten thousand U

Initial capital: 630 U (2024.2.25)

Current funding: 1627 U

Yesterday, I was optimistic that the price increases of many currencies were around 30%, but my long orders only saw a very small increase. Yesterday at noon, I saw bch started. When I saw that the increase was only about 20%, I immediately caught up. Unexpectedly, as soon as I bought it, it started to fall, and finally lost 100U to stop the loss. I shorted pepe this morning. Originally, the 15-minute line was continuously negative, but as soon as I bought it, it started to rise. In the end, I lost nearly 200U to stop the loss. For my margin of just over 1,000U, the loss was 200U, which was heartbreaking!

Yesterday, I shorted theta and made a profit of more than 200 U. Later, I saw that it rebounded and then started to fall. I went short again and made another profit of more than 200 U. The profit from going long UNI is 200U. Several other orders triggered stop losses at the cost price, and a total of 500 to 600 U of profits disappeared.

Summarize the operating lessons: 1. Be careful to chase the rise, you may chase the top of the mountain. It is much safer to buy after a fall. 2. When there is a large profit, close the position immediately. The fluctuations are huge, and profits will disappear quickly if you don’t take them. Last night, there were at most more than 1,500 U, with a total of six or seven positions (all stop-loss orders guaranteed). In just one hour, 1,500 U turned into more than 1,100 U. Stop losses were triggered on multiple positions, and profits disappeared.