Public Domain Project Monthly Summary:
1-2000U cost profit 2800U, from the results, making a profit is a good thing.
2- This month went quite smoothly, achieving a doubling of the account in a week. Encountered two major pullbacks, the first time reduced positions to avoid losses, and the peak profit reached 160%, with profits reaching 3400U. Coincidentally, it was also half a month of continuous profits, and my mindset began to swell. The next day I fully leveraged my position, encountered a major drop of 10%, and my profit dropped directly to 80%. It was a hard hit, reminding me to always respect the market.
3- After the major drop, my mindset became unstable and my direction wavered, leading to the result of being double hit in both long and short positions in the following two days. Fortunately, through scalping, I managed to cover my costs and not incur losses.
4- After adjusting my mindset, I gave up shorting and switched to longing, turning the situation around, which led to a perfect end at the end of the month.
5- In terms of coin selection, I had basically positioned myself a day in advance for the coins that surged in the market, but unfortunately, my unstable mindset couldn't hold on, and I got trapped multiple times, missing the opportunity to take off. In summary, my current operating model is only suitable for managing risk-reward ratios, regardless of whether I sell at a loss or not. Adjusting my mindset and compounding is sufficient.
Today the market is stable, and there is currently not much operational space. I hope to summarize my experiences next month and continue to achieve compounding.
Next month I will continue to record and keep summarizing and reviewing.🫡🫡🫡