LIVETrading is a process of constant trial and error.
2024.3.16 Daily Update: On Friday, the market value of cryptocurrencies fell 7%, the largest decline this year. Bitcoin plummeted 8% in the past 24 hours, falling as low as $65,528.30, erasing last week’s gains and triggering The entire market fell. As U.S. PPI rose 0.6% in February, more than double market expectations, which dashed market hopes for a rate cut by the Federal Reserve in May, and some investors began to take profits, cryptocurrencies began to fall sharply in the U.S. market on Thursday.
Account situation: After the currency whistleblower experienced the market crash, the total account capital subsequently hit a new high, reaching 530,000+ (including dividends), with a principal of 130,000, and a rate of return of nearly 300%. The total equity of the contract account is 485,000, the total position is 221,000, there are 38 varieties, 165 pending orders, and the transaction winning rate is as high as 70+%. We are not very satisfied with the current position. There has not been a large number of panic orders in altcoins, so we continue to wait for opportunities to slowly build positions.
Because there are too many types of positions opened recently, here is a brief introduction to a few important targets:
1. The detailed transaction record of crv is shown in Figure 3. We simply did T yesterday, lowered the cost price of the position, and prepared for further decline. The fact is that the sharp drop we expected did not happen, so we lost the price near the cost price (0.750) There are about 70,000 U chips. As for whether it is right or wrong, we think the probability is 50%, which is an acceptable winning rate.
2. $BNB We made two purchases at 547 and 568, reduced part of the position at 558, closed the position at 594, and then the bnb price reached a maximum of 646. Although it is sold out, there is a high probability that it can be taken back.
Finally, I still remind all traders that the leverage ratio should not exceed 1 times. There may be another copycat flash crash in the near future, so be patient and wait for the opportunity to arise.
Risk warning: Leverage is not a devil, it is just a tool to improve capital utilization. Leverage itself has no risk, the real risk comes from human nature.
