#20u起家日记

12.23 Day 93

Funds 135u

Recently, Bitcoin has been in a volatile situation, and the trend isn't very strong. This situation can't be a pattern, and positions shouldn't be held for too long; prolonged holding can lead to changes. Overnight positions aren't good either; if held overnight, profits can evaporate, and there might be losses due to volatility.

However, my state is still strong, and I shout for one to fly well. Now I've learned to be wise; if the situation is not right, I run away immediately. Patterns must reset to zero.

Long positions aren't easy to operate; they don't rise much, only Bitcoin goes up, while short positions are a bit easier to manage. Meme coins seem to show some signs of recovery, rising quite fast.

Last night I traded grass, and when I checked in the morning, it didn't rise. The market was going down, so I closed my position just after seven, avoiding the drop. Today I made a trade with moodeng, with continuous spikes and a double top, but I found it wouldn't go down. Someone told me it would go to 0.35, and when I looked, I found large holders were suppressing the price. The holding volume is very high, and once the large holders leave, it could plunge. Some people probably saw it being pushed higher and were afraid to enter.

In any case, when I open a position, I trust myself; I open it and don't move, I take profit and leave, if I don't make a profit, I wait for a stop-loss. The logic of opening a position is like this. Waiting should also be until the stop-loss; otherwise, you start questioning life. You need to clarify your logic for opening positions.

However, this moodeng is indeed performing well; if the large holders come back, it should continue to rise, anyway, I have already closed my position.

Tonight, I'll take a look later. Honestly, I don't want to hold overnight positions anymore; that would require either a large stop-loss, or it’s easy to hit the stop-loss. Now there are also U.S. stocks and the broader market, along with a series of additional factors affecting the market.

Every time you trade, make sure to learn something. Teaching people how to fish is useful; you need to understand why you open positions, forming your own strategy is the best.

I'm done, I'm tired, going to sleep💤