#20u起家日记

Day 35 10.31

Capital 300u

Today, I thought I was buying the dip and made two long trades, but they all crashed; it was a bit explosive. I also discovered a serious problem: stop-losses must be set at the latest price; setting them at the marked price is useless, and when it crashes, it gets wiped out instantly. The marked price is ineffective and can lead to significant losses.

Recently, there has been too much news; be cautious when opening trades.

Lately, I feel a bit overwhelmed; when I see a slight reversal, I run, and I only earn a little. When I see a significant loss, I close the position even before hitting the stop-loss, and then it immediately retraces. My mindset has been a bit off. If I lose this round, I need to take a step back and calm down.

Someone told me that they also had small capital and suddenly lost a lot of u. I know, it comes quickly and goes quickly.

After losing two trades, I must stop and take a break. As long as we don't keep replenishing our funds and haven't lost the principal, it’s fine. Just calm down and enjoy a good meal. It’s all good; if it’s gone, it’s gone. We can start over; a real man can handle this. Always have the courage to start over.

But honestly, these past week or two have felt really tough; the market is just torturing us. It goes up in small steps without pulling back, then immediately drops. Bitcoin goes up while others don’t, and in a battle, it crashes. So, trading contracts feels unreliable; it's better for you to play or buy some spot instead.

End 🔚