Currently, as a sophomore, I want to open a trading account to record my transactions. Next, I will document my reasons for opening trades and my reviews, striving to continuously optimize my trading system. I hope to gain profits together with everyone in this market. Additionally, if there are any mistakes in my ideas, I welcome everyone to give me guidance in the comments section.
$BEAT The stock hasn't moved yet. I woke up this morning to see it took off. Unfortunately, I didn't dare to go in at 1.8 yesterday. Now I can only enter with a small position. I really don't have time to watch the market. I will enter when there's a pullback. Currently, I've set a stop-loss to break even. The target will definitely continue to look at the previous high. However, since the market value has increased, it's best to take profits on half near the previous high.
Additionally, I would like to share my views on Ethereum. Currently, the market looks very weak. If this position breaks down, we will likely see a significant downward movement. Be very careful when accumulating positions here. Don't enter the market until the four-hour chart shows a bullish close, unless you are preparing for a medium to long-term hold. I also don't think this position is suitable for buying. Approximately around 2380 is when you can start accumulating. For limit orders, you can use batch orders and try not to fill your position completely.
On the upside, 3170 is also a very heavy resistance level. You can pay attention to shorting here, but if it really rebounds and holds after a pullback, I might chase a position, but it depends on the market conditions at that time. However, I don't think it will happen that quickly. The upcoming news is still quite pessimistic: Japan's interest rate hike, the American Christmas, and there aren't any significant positive factors. #ETH走势分析 $ETH
Trading day 5 review: I have to say that the impact of selling too early yesterday was significant for me. Last night, I opened positions in a retaliatory manner, basically shorting to the floor or shorting only to see a quick spike. I simply listened to a friend's advice to uninstall the software to ease my mood. Today is much better; I made a few trades and managed to make a little profit. After all, double-up coins aren't available every day. Slowly protecting the principal and gradually increasing it is what really matters. Summary: 1. Small market cap coins should definitely be avoided; they lack liquidity, trends do not continue, and there are severe spikes up and down. Plus, I have a small risk appetite, so even with leverage, I never set stop losses greater than 1x. Such spikes make it difficult to monitor the market or make judgments. 2. Regardless of whether I sell or not, preserving capital losses is always the right approach. 3. When the market crashed at $FOLKS this morning, I chased a short position, hahahaha. The result was a precise rebound that hit my capital loss stop, so I continued down. It doesn't matter; it was only 15 points. 4. #Swarm could be considered two waves of profit, overall I didn't lose money. The market was just too volatile; making a profit is good, but I can't have too much ambition recently. 5. For $GUN , I thought it would drop after finishing the trade, but I kept hitting the capital loss stop. In the end, it was still a result. 6. $BEAT , I was surprised to see a waterfall today, hahahaha, so it doesn't count as selling too early. I'm also very grateful; while my capital was continuously eroded, it helped me a bit. It might have been three times the amount, but it also helped me recover some losses and make a profit. After that, the entry point might be around 1.5, so I could try to go long, but I won't. I haven't reviewed for the digital logic circuits on Thursday, so I'll just keep the last trade (strict supervision, no trading unless Ethereum spikes again today, then I'll go long with 1x).
It's late at night. I should consider this a trading day d5. Let me think for a few days. I'm a bit anxious about next week's digital logic circuit exam. I've been staring at the beat's chart these days and I have no mood to review. Last night, I manually exited at 1.3188, and just looked and saw a breakout, which made my emotions go wild. I kept opening positions repeatedly, revenge trading, which I think is very bad. I keep opening positions and keep losing, high leverage, small stop-loss. My account has been wearing down. I just enter as soon as I see the price, without looking at anything. Does it look like a disappointed gambler? I ask you??? I am bearish on Ethereum, but I'm shorting hype 2x, and I evened out at the highest point. I'm very frustrated, but it's of no use. Other shorts count as well. However, looking back, you doubled your money in 5 days, earning 1200u, which is enough for a few months' living expenses. I think that's enough. You have to accept the drawdown of profits. There are always buying points, but selling points grasp human nature. You are not a god. You have to accept every decision you make, think carefully. Every step you take is not just a number; it's real money, cash money. It's time to reflect. This aiot's take profit and stop loss settings are done, and I don't plan to touch it anymore. Good night $BEAT $HYPE
Single Trading Day 4: Review: 1#beat I was too anxious, too anxious. I clearly set a stop-loss at 2.3188, but I exited manually, and yes, it went to 2.32, then I shorted, and I was already feeling bad. Then I saw a big spike that hit my short stop-loss, and when I saw it break 1.8, I thought about chasing in, but then I realized it wasn’t right and decided to exit with a break-even. I really need to review this trade. First of all, the half I originally set to exit at 2.888 didn’t get hit before it dropped, which was really frustrating. I shouldn’t have manually stopped out and opened a revenge trade in such a short time. So, I will slowly withdraw some principal and put it in Binance wealth management. This trade was good, but the final review week is coming soon, and I haven’t been sleeping well these days. I need to rest for a while.
Of course, at the very end, if you ask me how I see Beat? I can only say that being able to pull back like this definitely means it hasn’t peaked yet, but that’s no longer my concern. There’s no way to chase long at this position; staying calm is the most important. Controlling emotions is the best trading strategy, keep calm. (Before the Level 6 exam, I even stared at the market until 4 AM, and I must remember not to let trading affect my normal routine.)
(I was originally thinking of rewarding myself with an Apple Watch if this trade was profitable, but I think I’ll pass. I did poorly, so I’ll wait until I really learn to take it slow to come back.) $BEAT
Is this tariff really enjoyable? Where is the take profit?
韭菜大王211
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Bullish
Early morning review: Today should be the fourth day of trading this account, and I clearly got too excited today. Yesterday, the long position of #beat was held from 1.62 to 2.8 without exiting; I watched it all night until it fell to 2.4 and still didn't exit. This morning, groggy, I saw it drop below 2.4 and took profit at 2.35, then reversed to short, taking profit at 1.82 for a gain of $200. I woke up at 11:30 AM just in time to take profit, but I thought this trend would likely continue to drop, so I kept shorting. Unexpectedly, a large bullish candle formed, hitting my stop loss at 1.95. At this point, I became a bit anxious, repeatedly opening short positions at break-even loss, but after fluctuating for a while, my break-even loss was hit (at the time, my opening and profit-taking were already set at 1.45). After looking back at the previous few days' patterns, I felt there was a dense range around 1.72-1.9. Then, seeing someone shout signals in the group and plaza, I groggily entered the market, resulting in a downward trend. At 1.65 and 1.45, I added to my positions twice, and in the end, it almost hit my stop loss. Review: 1. Looking at the overall direction for #beat is correct, but it is necessary to wait for the right position. If taking a left-side position, it shouldn't be too large; otherwise, it can't withstand the retracement, affecting the mood for the day. 2. A break-even loss for #beat is necessary; you can't mindlessly open positions just because of repeated stop losses. Protecting capital is essential to survive in this market. 3. The stop loss for that short was initially set at 1.88 but was moved up to 1.95 and still got hit. Set stop losses should not be taken lightly; changing them repeatedly can lead to problems. 4. Spike volume indicates the starting point for right-side trades. The spike at 1.24 two days ago and today's spike at 1.35 are both indicators for entry. This is a good time to enter, in conjunction with coinglass's positions and funding rates. 5. Reduce trading frequency. If you make a profit, take a few days off to adjust your mindset. Reducing trading frequency doesn’t mean you won’t make money; at least you won't lose money, and surviving is the most important thing. Current tp: Holding a long position in beat. If this rebound stabilizes, I see the previous high at 2.8, taking half profit, and the remaining position targeting 4.88. This trade has a high risk-reward ratio, and I really want to pursue it. I hope my judgment is correct. $BEAT {future}(BEATUSDT)
It's too late, I'm still watching the FaZe match against the little bee, currently just hovering around my cost basis, considering whether to take half off first. The leverage is about 1.8x, and while the cost has gone up, there's still an hour left. If it drops to -2 early, it could cascade. Right now, the long-short ratio doesn't look good, feeling a bit conflicted.
韭菜大王211
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Bullish
Early morning review: Today should be the fourth day of trading this account, and I clearly got too excited today. Yesterday, the long position of #beat was held from 1.62 to 2.8 without exiting; I watched it all night until it fell to 2.4 and still didn't exit. This morning, groggy, I saw it drop below 2.4 and took profit at 2.35, then reversed to short, taking profit at 1.82 for a gain of $200. I woke up at 11:30 AM just in time to take profit, but I thought this trend would likely continue to drop, so I kept shorting. Unexpectedly, a large bullish candle formed, hitting my stop loss at 1.95. At this point, I became a bit anxious, repeatedly opening short positions at break-even loss, but after fluctuating for a while, my break-even loss was hit (at the time, my opening and profit-taking were already set at 1.45). After looking back at the previous few days' patterns, I felt there was a dense range around 1.72-1.9. Then, seeing someone shout signals in the group and plaza, I groggily entered the market, resulting in a downward trend. At 1.65 and 1.45, I added to my positions twice, and in the end, it almost hit my stop loss. Review: 1. Looking at the overall direction for #beat is correct, but it is necessary to wait for the right position. If taking a left-side position, it shouldn't be too large; otherwise, it can't withstand the retracement, affecting the mood for the day. 2. A break-even loss for #beat is necessary; you can't mindlessly open positions just because of repeated stop losses. Protecting capital is essential to survive in this market. 3. The stop loss for that short was initially set at 1.88 but was moved up to 1.95 and still got hit. Set stop losses should not be taken lightly; changing them repeatedly can lead to problems. 4. Spike volume indicates the starting point for right-side trades. The spike at 1.24 two days ago and today's spike at 1.35 are both indicators for entry. This is a good time to enter, in conjunction with coinglass's positions and funding rates. 5. Reduce trading frequency. If you make a profit, take a few days off to adjust your mindset. Reducing trading frequency doesn’t mean you won’t make money; at least you won't lose money, and surviving is the most important thing. Current tp: Holding a long position in beat. If this rebound stabilizes, I see the previous high at 2.8, taking half profit, and the remaining position targeting 4.88. This trade has a high risk-reward ratio, and I really want to pursue it. I hope my judgment is correct. $BEAT {future}(BEATUSDT)
Early morning review: Today should be the fourth day of trading this account, and I clearly got too excited today. Yesterday, the long position of #beat was held from 1.62 to 2.8 without exiting; I watched it all night until it fell to 2.4 and still didn't exit. This morning, groggy, I saw it drop below 2.4 and took profit at 2.35, then reversed to short, taking profit at 1.82 for a gain of $200. I woke up at 11:30 AM just in time to take profit, but I thought this trend would likely continue to drop, so I kept shorting. Unexpectedly, a large bullish candle formed, hitting my stop loss at 1.95. At this point, I became a bit anxious, repeatedly opening short positions at break-even loss, but after fluctuating for a while, my break-even loss was hit (at the time, my opening and profit-taking were already set at 1.45). After looking back at the previous few days' patterns, I felt there was a dense range around 1.72-1.9. Then, seeing someone shout signals in the group and plaza, I groggily entered the market, resulting in a downward trend. At 1.65 and 1.45, I added to my positions twice, and in the end, it almost hit my stop loss. Review: 1. Looking at the overall direction for #beat is correct, but it is necessary to wait for the right position. If taking a left-side position, it shouldn't be too large; otherwise, it can't withstand the retracement, affecting the mood for the day. 2. A break-even loss for #beat is necessary; you can't mindlessly open positions just because of repeated stop losses. Protecting capital is essential to survive in this market. 3. The stop loss for that short was initially set at 1.88 but was moved up to 1.95 and still got hit. Set stop losses should not be taken lightly; changing them repeatedly can lead to problems. 4. Spike volume indicates the starting point for right-side trades. The spike at 1.24 two days ago and today's spike at 1.35 are both indicators for entry. This is a good time to enter, in conjunction with coinglass's positions and funding rates. 5. Reduce trading frequency. If you make a profit, take a few days off to adjust your mindset. Reducing trading frequency doesn’t mean you won’t make money; at least you won't lose money, and surviving is the most important thing. Current tp: Holding a long position in beat. If this rebound stabilizes, I see the previous high at 2.8, taking half profit, and the remaining position targeting 4.88. This trade has a high risk-reward ratio, and I really want to pursue it. I hope my judgment is correct. $BEAT