2024.11.28 Funds: 2094U
Unfortunate ENS, a 60% surge
I have repeatedly explained that my trading system fears extreme market conditions, and it came quickly. Today, ENS directly experienced a big surge, rising 60% from the low to the highest point. It's brutal!
My earnings from the previous two days were completely wiped out. Fortunately, the program has a limit on the maximum amount for opening positions; otherwise, if I kept opening positions, I would have already been liquidated...
Right now, I am still down a few hundred U on ENS, praying for a correction so that I can successfully exit my positions. Once I exit, the risks my system faces will be significantly reduced, and I will continue to optimize my code to widen the gap for subsequent position increases.
Currently, the strategy has been too dense with initial positions, and when encountering a one-sided market, I end up holding positions for too long. If I can optimize it a bit better, I could capture the high positions of these surging coins for additional buying and then exit during a correction, greatly increasing the chances of my system succeeding. Furthermore, each successful trade supports my next position!
As for this ENS position, I don’t know when I can exit, and for other coins, I will temporarily let the program trade on its own. Drawdowns are normal, and stabilizing will definitely allow for further breakthroughs.
Facing cold eyes and mockery, I will continue to move forward!