It's been a long time since the last update, for two reasons: first, my baby was born in May, and I've been extremely busy. Second, I haven't managed my positions well; I didn't set stop losses properly, thinking that since it's a bull market, I could handle a three times leverage drop. While I was busy taking care of my baby, I didn't pay attention, and as a result, I got liquidated. I bought some altcoins, and I was surprised that the market could cut my investments in half.
After the liquidation, coupled with taking care of my baby, I just didn't have the time or mood to manage my account. By July, my funds were basically halved again, from 200,000 to 140,000. The losses from the liquidation and altcoin investments were severe, and I ended up back at over 40,000.
Fortunately, the OM I bought later surged, and it was the only thing keeping my account from going to zero. Although I sold it at a loss, I gradually sold off my holdings from 1.8 to 3.
After selling OM, I started operating again, and I'm close to returning to the previous highs. Although I’m an old investor, I constantly remind myself and others to set good stop losses, yet I still made the same mistake again. The biggest opponent in trading is really oneself.
This time, the trading failure has been a new baptism for me, giving me new insights into my mindset and trading strategies.
Moving forward, I will set sail again; I will encounter storms, but hopefully, I can ride the waves and reach the shore soon!