1000u real trading with orders, Part 4:

The biggest mistake in this week's trading was to short ordi$ORDI at an average price of around 30.9, and stop loss at around 33. After closing the position, almost all the profits of this week were lost.

The biggest transaction this week was shorting $PEPE , with an average price of around 92, 5x leverage, half position, stop profit at 87, overall profit of around 10%, profit of 124u. The logic of doing this order is that the overall market of meme is in a big correction now. Whether from the weekly or daily line, the big melody is trending downward, so I looked for the 4H K-line and opened a short position at a better position. But this order was not done very smoothly. I still held on for a while because the market was not what I wanted. It rose to around 97 before it started to fall. At this time, I didn't dare to take any more positions because the meme coin pull was a terrible thing. I thought to myself that if it didn't work, I would find an opportunity to stop loss. The expected position was around 103. When I woke up the next day, it would be at my cost position. Then after working for a few hours in the morning, it fell to my profit stop position. I was quite proud of it.

The bad thing was the pride. As the saying goes, when you are high-spirited, misfortune will come. Then I took a look at o$ORDI and opened 30 short orders without hesitation. Later, when I saw that it couldn't rise, I bought another 70, a total of 100, with an average price of 30.9. I think the only thing left to do is to wait for it to fall, but the market often does not listen to your ideas. Then it went sideways at around 31.3 for a long time, and fell to 30.7 in the middle, but I didn't think of taking profit, because my expected position was 30. As a result, the market strengthened, and ordi pulled back to 31.3. To be honest, I was quite uneasy at this time, and wanted to stop loss and leave. The loss amount was about 30u. But the previous high-spiritedness laid the groundwork for this failed transaction. I did not fulfill my uneasiness, but chose to continue to resist the order, doing what most leeks would do.

Often, bad things caused by psychological anxiety will happen. The market continued to strengthen, and I had the opportunity to stop loss at 32, but I was lucky, and finally pulled the market to where I couldn't stand it, so I stopped loss at around 33. I was very regretful. Although I lost profits, I had the opportunity to freeze the loss at 31.3, but I didn't grasp my own trading rules. I chose to resist the order impulsively, and finally the floating loss turned into an actual loss.