Why am I so cautious? Let's quickly go through my recent story and experiences.
From my previous posts,I'm a cautious trader. In a situation like today, when I bought spot coins in the morning, it was a left-side trade. So I went light on some deeply discounted coins, while staying on the sidelines for high-value coins. As for USUAL, I had some from mining.I didn't pay much attention to it, only planning to sell it when it officially opened. But when I saw the price drop due to a Binance labeling error, and people were scared, I immediately saw an opportunity. So I bought some when it pulled back to around 0.6 and sold around 1. It seems I sold too early, but I'm not greedy, and I'm content with capturing a portion of the high probability gains. When it reached 1.2, I posted a warning to gradually sell, with the underlying logic being that although it's an innovative project, a reward token that relies on advance interest doesn't have enough value support and can only be a short-term hype. So I'm not optimistic about it.
Speaking of why I'm cautious, it comes from the experience of blowing up my account and suffering huge losses. Only those who have experienced a blown-up account can understand the despair and feeling of unreality. It's a bitter feeling mixed with a wry smile. If you have similar experiences and feelings, plz comment below. Now my total loss is -1.58%, which is within my tolerance range. I think Bitcoin is at a high level and is quite dangerous, beyond my comprehension. So, besides shorting after the 105,000 rebound, I've been mostly on the sidelines. I've encountered situations like today countless times, and it feels like déjà vu. Many people have probably exited the market again, which is a pity. I hope they can learn from their mistakes. The tuition fees should make one's trading system more robust, rather than dreaming of getting rich quickly and being so greedy that one doesn't know when to take profits. Important points here: [see comments below to continue]
