Hello everyone, I am trader Zhu Yidan. My exciting journey in Tokyo, Japan has come to an end, and I will be returning home today. After a day of rest, I will start my regular live broadcasts. Honestly, I really miss you all.
Yesterday's total profit was between 6,000 and 7,000 USDT. There were no issues with the trading strategy, but the specific execution had significant problems. Currently, there are 500 people following the trades, with total funds exceeding 400,000 USDT. Considering the liquidity of altcoins, I opened three long positions. The overall leverage remained at 2x, but I divided the funds among three targets: SSV, BB, and ACE. I’m not sure where the mistake happened. Originally, I planned to open around 2,000 SSV, but only opened 500. At the time, I felt that 500 wouldn’t earn much, so once I made a small profit, I exited. Once I sold, it became easier to sell again, so I sold ACE and went all in on BB. However, BB was the last to start. If I had followed the original plan, the profit should have been around 20,000 USDT, which is worth reflecting on. Future operations need to be more carefully confirmed.
I am currently in cash. Personally, I feel that the market risk has now surpassed the potential rewards. The dividends at the bottom of altcoins are decreasing significantly, basically doubling to three or four times. The time for mindless long positions is coming to an end, and it is starting to test the perception of the market and the grasp of self-trading rhythm more.
Friends with a keen eye can observe that the market at the beginning of each month for the past five months has basically been a continuous downward trend. Although this is somewhat like searching for a sword in a boat, the continuous decline for five months has certain habitual factors.
After extracting 50,000 USDT, I managed to grow the remaining 50,000 USDT to 78,000 USDT. This time the goal is 140,000 USDT, or one million RMB. Please look forward to my upcoming trades.