$BTC $ETH $SOL The principal is 22,000 U, and the current position is 210,000 U, 9.5 times.
The profit was not much on the weekend, because I opened a long order of Solana at 172, and added positions at 170, which led to the order. Because during the decline, I observed that the spot buying volume of Sol continued to rise, and Sol rebounded strongly after the Ethereum ETF passed in the evening, plus Sol's upgrade was good, so I was bullish, and I added positions after a little drop, but I didn't expect it to fall all the way. Sol fell to the double support level of the 4-hour rising trend line and the daily neckline near 161 today, and I added positions here. Fortunately, Sol did rebound at this position. Finally, it was untied. Heavy positions + anxious to add positions + deceived by the dealer + insufficient judgment on the pessimistic market expectations caused by the news of FTX's low-price auction of Sol.
This long order of Sol is worth my reflection. I was too anxious to get out of the trap, which led to the random selection of the position for adding positions. In addition, pay attention to a neglected point: maintenance margin. The maintenance margin ratio for the part of the sol position exceeding 1 million u is 2.5%, which is particularly high, which will cause the forced liquidation price of long orders to increase rapidly. Therefore, after the principal is large, the speed of position increase should slow down.
The pull-up tonight is gratifying, but also strange, because the first correction of this wave of rising market is very small. I think the bottom should be tested again in the next week. This week I will focus on short orders. I don’t have much experience in shorting. Tonight I shorted 20 btcs at 70465 and 2500 sols at 172.199, and finally left the market with a profit of 16000u+4200u. It was a successful experience.
I saw many people shorting in the Binance chat room during the rise. There were continuous large positive lines and no negative lines with trading volume. They started shorting. I think this is wrong. It is easy to short halfway up the mountain.
My personal understanding of the short position is: previous high, pressure point, the upward trend must end in a short period of time (1 minute line lasts about 30), and there is a negative line with trading volume.
210,000 U makes people happy, but I hope I can keep a good attitude, don't let happiness go to my head, be humble, don't think I am a genius trader, wrong orders have appeared three or four times, I am very sad and glad that the market let me go.
I hope that the number of wrong orders will be less than or equal to 1 in the next week.
The profit was not much on the weekend, because I opened a long order of Solana at 172, and added positions at 170, which led to the order. Because during the decline, I observed that the spot buying volume of Sol continued to rise, and Sol rebounded strongly after the Ethereum ETF passed in the evening, plus Sol's upgrade was good, so I was bullish, and I added positions after a little drop, but I didn't expect it to fall all the way. Sol fell to the double support level of the 4-hour rising trend line and the daily neckline near 161 today, and I added positions here. Fortunately, Sol did rebound at this position. Finally, it was untied. Heavy positions + anxious to add positions + deceived by the dealer + insufficient judgment on the pessimistic market expectations caused by the news of FTX's low-price auction of Sol.
This long order of Sol is worth my reflection. I was too anxious to get out of the trap, which led to the random selection of the position for adding positions. In addition, pay attention to a neglected point: maintenance margin. The maintenance margin ratio for the part of the sol position exceeding 1 million u is 2.5%, which is particularly high, which will cause the forced liquidation price of long orders to increase rapidly. Therefore, after the principal is large, the speed of position increase should slow down.
The pull-up tonight is gratifying, but also strange, because the first correction of this wave of rising market is very small. I think the bottom should be tested again in the next week. This week I will focus on short orders. I don’t have much experience in shorting. Tonight I shorted 20 btcs at 70465 and 2500 sols at 172.199, and finally left the market with a profit of 16000u+4200u. It was a successful experience.
I saw many people shorting in the Binance chat room during the rise. There were continuous large positive lines and no negative lines with trading volume. They started shorting. I think this is wrong. It is easy to short halfway up the mountain.
My personal understanding of the short position is: previous high, pressure point, the upward trend must end in a short period of time (1 minute line lasts about 30), and there is a negative line with trading volume.
210,000 U makes people happy, but I hope I can keep a good attitude, don't let happiness go to my head, be humble, don't think I am a genius trader, wrong orders have appeared three or four times, I am very sad and glad that the market let me go.
I hope that the number of wrong orders will be less than or equal to 1 in the next week.
