10.14 Profit Retracement Review and Reflection
I. Operation Summary
Today, a total of three orders were operated, namely:
1.62600 short pie-63600 stop loss! (Daily level short order)
2.64100 short pie-64500 stop loss (weekly level previous high resistance)
3.64550-65000 short pie
All three orders were stopped, and the real trading yield in the first two weeks was +22%
And today's three orders directly returned to the pre-liberation period, and the yield was even -10%
The retracement was too serious, and the previous trading strategy was fine,
but the retracement stop loss was not controlled well, and the heavy position was shorted, which led to this small rollover.
The previous period was too smooth, and the position + retracement was not done well, and the main force harvested it!
The brothers in the square did not lose money this time,
but the brothers who followed the orders were very uncomfortable, watching the profits being taken back and losing the principal!
So I will calm down for the next two days, not open orders, and take a two-day break to review the market.
2. Market analysis
Yesterday, when analyzing the weekly market, I mentioned:
Big cake: If 62800 breaks, it will form a weekly downward trend
Ether: If 2450 breaks, it will form a weekly downward trend
Both coins fell.
Formed a double short pattern of two consecutive weekly declines + daily breaking the previous low.
So we will choose to short near 62600 today,
and short at daily and weekly resistance levels!
But it was pulled by the main force by 3,000 points, from 62050-65150.
It took a strong V-reversal, which also means that the technical analysis of this wave is a mess.
It's like a joke in front of the main force, and it was brainlessly swept!
So there is no way to deal with this situation, let's admit it.
What do you think about the future market?
Let's wait and see for now, and don't rush.
It's not easy to do long or short at this position!
3. About trading
Starting this week, I plan to make a daily review post on the square,
and record the daily operations, problems, and reviews in the post.
And optimize the retracement trading strategy, and control the stop loss + position ratio!
We will definitely make it to the end of this wave, and a temporary stop loss is nothing!
I won't say anything like an apology, a stop loss is a stop loss.
Stop loss and make it back! We didn't fall! The principal retracement is only 10%!
