2024.8.5 Funds: 34485U
The retracement reached 14000U, August 5, 2024 is a day worth remembering!
Yesterday there were 45,000, and today there was a big drop. Yes, I added positions and ate them up!
The decline was too fast. I always thought about chasing ups and downs and not operating. The rebound might be coming soon. Obviously, I could control a wave of risks in the early stage. Obviously, I planned to open a short position when the position broke, but I was always reluctant to give up the profit. It all comes down to one word-greed.
Why am I so greedy! Because of greed, my life has changed beyond recognition! Because of greed, I lost the love of my life, but there is still a ray of light in my heart, thinking whether I can redeem myself by doing a good job in trading!
The ruthless market also made me understand that I don’t deserve that ray of light at all.
Sometimes I look back at my previous failures, all of which were short at low positions and long at high positions! The first time I bought 300,000 STX, I was prepared to hold on to the end, and do the swing in the middle. Now it has fallen to around 1.1. If I could do it well, I wouldn’t have fallen deeper and deeper in the future!
Lost 1 million. The second time, I opened a long position at 500,000 ETH3700, and it went bankrupt in a wave of decline. As a result, it rose to 3900 later! At that time, I was overwhelmed and didn’t care about life and death. I just wanted to make money quickly to fill the hole. The last 200,000 was a bad all-in-one order, chasing ups and downs. There was no all-in, just buying high and selling low and losing it little by little.
Later, I learned from the pain and decided to cheer up again. I bought another 200,000 and updated my transactions every day. This way, it went from 27,000 to the highest 48,000. It didn’t double. I still opened long at a high position in the middle. I lost 10,000 U after a wave of HIGH. After the liquidation, I focused on copying! It was not easy to get a little better. On August 1, it was still crowded with copying orders at the peak of funds, and it fell apart in 4 days! I didn't control the retracement well. I had the opportunity to control it. I could open a short position at a 5% retracement, and I could open a short position at a 10% retracement. But I became more and more afraid to open a short position at a 20% retracement! Every time I miss the point I want, I always want to rebound a little before opening a short position, but sometimes the decline just doesn't give you a chance, and it plummets all the way to the current situation.
This time I didn't open a short position at a high position, and I didn't sell at a loss! I still have room for operation, and I want to climb to the top.
Current positions:
BONK, W, WIF, ORDI, PEPE (bullish)
Logic is the spear, position is the shield, and it is surprising to be upright.
