I hope to have reminders in place in the morning, so I don't get stuck at a temporary bottom. 🙏
The market is currently very volatile, and there is no absolute long or short anymore. After experiencing multiple market washouts, my trading creed has become: not getting trapped, not being liquidated, preserving capital, focusing on spot trading, and slowly accumulating by taking small risks in contracts.
The shares in the square are more for myself, because sharing encourages me to analyze the market more carefully and cautiously. The most important thing in trading is to understand the logic behind the trades, why the market goes up or down, rather than just blindly acting on specific points. If you hold on too long, you might see profits turn into losses; if it surges, you might just take a small profit and run.
Trends will always outweigh specific points. If you can't even find where the support and resistance are or understand the structure, then you shouldn't trade contracts. You can lose everything (unless you're lucky and have some unexpected gains, but I won't argue with you). For spot trading, split into three positions: 334, 235 ratio, and just place orders based on weekly support. Do as much as your ability allows. What I'm saying might truly be lifesaving; when I entered the crypto space, no one told me these things. 🥹