Take a break, the pace was chaotic last week and lost 200,000 USD. It's finally almost made up in the last three days, still short by a few tens of thousands. Reduce the trading frequency to avoid getting chaotic again, which would be hard to manage. 【Account back to 500,000 USD, is there a chance to double before the Spring Festival?】
Alright, I've sold out. I comfort myself by saying that selling out always makes a profit, but actually selling out too much is also wrong, because when I incur losses, I hold on stubbornly without stopping losses in advance.
Changes are a bit fast; learn to admit defeat, but also learn to 'acknowledge victory.' It's really hard to trade when you're neither up nor down. Wait for opportunities; when there are spikes, catch the knives, and decisively short when there's a rise. Overcome psychological fear. A few days ago, there were actually many opportunities to make money, but it was still because I couldn't overcome fear, becoming increasingly like walking on thin ice. This is trading, after all; in finance, the opponent is the richest and smartest people in the world.
Timely corrections, hold on and stay steady. If this is the bottom of the phase, it can earn 980,000 U at 177, without rolling the warehouse. The rhythm seems to be coming back.
How nice it would be if it were not locked, I could make money. I originally wanted to open a long position to lock in, then unlock after the rise, and wait for a pullback. Now it's troublesome, the drop may continue, and the risk of unlocking during a decline is high, I'm afraid of a spike.
$SOL is a bit aggressive. The previous short position does not want to admit defeat, so I will take a long position with a 1:1 ratio. The trading idea is: the difference between long and short positions is around 5.5u, which is the part of the loss. If it rises to 150, take profit on the long position; if it pulls back to around 145, I can break even overall. If it falls, then the opposite applies. Alternatively, I can do multiple T trades to lower the cost. Operate based on the situation.
After withdrawing more than 700,000 U in profits, I have a few hundred U left to play with today, making a profit of 150%. Currently, I am still ranked 3rd on the weekly profit list for Binance contracts. This is my real account, publicly sharing my positions, just to casually record my cryptocurrency trading life, as it can be quite lonely.
In the medium to long term, you can buy mainstream coins $BTC $ETH $SOL , and there are just 2 questions: 1. Do you believe Bitcoin will return to 100,000 USD again? 2. How long will it take?
My personal answer to the first question is close to 100%, for the second question, based on historical trends, it will take about one to two years.
Now, at 85,000 USD, let's not talk about it dropping to 80,000. Based on 85,000 USD, the return rate is 1.5/85=17.6%, with 2x leverage (basically won't get liquidated), the return rate would be 35%.
Assuming it goes to 110,000, 2.5/85=29%, with 2x it would be 58%.
Following this logic, what if it drops? Keep buying, the return rate will be higher. If it's speculation, a drop is a disaster; if it's investment, a drop is an opportunity.
Recently, watching the market has been too exhausting. I will take a break for 7-10 days, but I will still keep my trading results public, although I will reduce the frequency of trades. Starting a new round with 50,000 USDT, my friends, please be patient! (I feel honored to see many of you following or subscribing to my account!)
Syncing up, I started with an empty position in the morning. Going long on $BTC is weak in rebound, at this position I also dare not short, so I just kept the position empty. The contract is always open, no need to rush for a moment.
My inner resistance to going long makes me prefer opening short positions at highs. Going long is easy to get stopped out; if it happens just once a year, it can take everything away. In the world of trading, staying alive is the most important. Watching $BTC drop too much, I might open a long position and check after waking up; Bitcoin's stop-outs are somewhat better.
Today's profit is 335,000 u, $SOL trading depth is insufficient, buying and closing positions have been continuously canceled, can't compete with robots, it's difficult to close positions without market conditions, after complete trading, I earned 40,000 U less, come play with $BTC .
Not bad, keep it up! Broke through self-growth, used to run away after earning a little, always enduring losses, over the long term losing more than winning, this time I caught the tail of the fish. $SOL