Bottom-hunting, bottom-hunting. .
It was like heaven and hell. The day before yesterday, the price of Bitcoin plummeted to less than 50,000 yuan.
Judging from the trend at the time, it was unthinkable, especially as the Fed’s interest rate cut was imminent. The price rose to nearly 70,000 yuan at its highest. I thought it was going to set a new high, but fomo sentiment was at its highest, and a bucket of cold water was poured on it.
At that time, I saw a post on Twitter showing off my orders. The liquidation price was 62,000 yuan, and he asked about the long orders opened at around 68,000 yuan. When I saw it, the price of Bitcoin was around 66,000 yuan. According to normal trading logic, it was almost time to stop loss.
But the market is random and no one can predict how it will go. At that time, all the news was good, so it is possible that the volatility would have gone up. This is what I thought in my heart.
But I remember that I replied to him and asked him to stop loss and cut losses, but trading itself is against human nature. When you make a little profit, you want to run away. When you lose money, you admit the loss and cut losses. It is not easy to turn floating losses into real losses. Most people still have a fluke mentality.
This rapid drop to less than 50,000 yuan in a short period of time can be regarded as a black swan. It is really like buying at the ceiling, and then buying in the basement, only to find that there are eighteen floors in the basement. No matter how you buy at the bottom, it is impossible to get a satisfactory price.
When you buy at the absolute bottom and the price really drops to around 50,000 yuan, most people will probably go crazy and be confused by the drop. Even if they still have some balance in their hands, they will probably wait and see.
Those who dared to buy at the bottom, especially when the price fell below 50,000 yuan, were able to remain rational and buy instead of waiting and watching, I think they deserve this money.
This time the decline was caused by frequent trading before, which made me lose all my profits and I lost a lot of money. So I posted a post before,
A maximum of 4 transactions per month.
Therefore, my frequency of bottom fishing is much lower, because I have a strong "leek mentality" and I like to set stop loss for all spot contracts, commonly known as chasing highs and selling lows.
I bought it at around 62,000 and posted a message at that time.
Around 62,000, try and make mistakes, stop loss when it falls below 6.
It was a bit fast, it just rubbed against the hole and it was over. Not long after I bought it, the price broke 60,000, 58,000, and then adjusted back to more than 59,000. I sold it at a loss. My idea at the time was that if it adjusted back up, I would continue to buy, otherwise I would wait and see.
Then very soon, the price plummeted and hovered around 55,000 yuan. It seemed that after such a big drop, it must have bottomed out. This was my inner thought. Yes, I invested in it with a small stake again. I kept standing by the river and watching, and I never knew the water temperature.
Yes, soon, my psychological defenses were broken again. The price fell too sharply and too violently. In a short period of time, the price fell below 5w and hit 4w8. Because it happened too quickly, I didn’t check the market at that time and I didn’t witness this moment.
When I saw it, the price after the correction was 53,000 yuan, close to 54,000 yuan. Because according to my inner thoughts at that time, if the dealer broke through 50,000 yuan, he might not be able to get back the chips, so there must be many people who buy at the bottom. So after buying it later, I didn’t care about the rise and fall of the price, I only bought spot and didn’t play contracts. In the end, I was still a coward.
When the contract price fluctuates rapidly, I can't help but play with the waves for a few times and then switch back to spot.
After yesterday's correction of 56,000, the price has risen to around 57,000, but never mind, the road is tortuous, but the future is bright. I feel that I have bought it at my ideal price, so it may plummet again in the future, and then it will be a strong wash, but I don't plan to sell it for the time being.
Let’s wait until Bitcoin falls back to 65,000 before we see.
This month I started playing dead early and I won't move.
Do whatever you want.
