Yesterday's funds: 536 U, today's funds: 1382 U.
Today is Christmas Eve. There is a kind of pain called the pain of 200 U. Making money requires not only effort and talent but also luck, and my luck hasn't come this year. The year is about to end, and in the past few days, $BTC has dropped. I recall various past experiences in the crypto world and feel quite pathetic. Everyone wants to make big money during the Spring Festival and return home gloriously. Others seized the opportunity when BTC was rising, making a fortune and preparing to buy luxury cars to celebrate the New Year. Meanwhile, I am still heavily in debt, fighting for survival. My dream of owning a car seems far away, and survival has become an issue.
My position in $USUAL has finally risen. I wrote in my diary on December 22 about the logic behind being bullish on this coin. At that time, the price was 1.05 U, and now it is 1.32 U. USUAL has two main logical supports for me: the partnership announcement with BlackRock and its listing on Binance. Last night, I saw a notification on my phone that Usual announced the completion of a $10 million Series A financing round, supported by Binance Labs, OKX Ventures, and several other well-known institutions.
The key point is that Binance Labs and OKX Ventures have invested, so USUAL is worth buying for spot trading and holding for two months. If it doesn't go to zero, there is a real possibility of it continuing to rise.
You've been thinking about a question lately: since I firmly believe in the rise of BTC, is my current small amount of capital suitable for long-term contract holding or for swing trading?
When I think about holding contracts long-term, the profits I earn end up being lost again. I want to create a long position but can never manage to do so. A sudden drop leads to liquidation.
When I do swing trading, I easily get the timing wrong. I buy and it drops, I sell and it rises. Looking back after a month, it's still better to hold long-term to make money.
After thinking it over, my personality is more suited for short-term trading.
Last night, I opened a spot trading position. I hope that by the time I finish writing my diary today, I can also open a contract trading position. In fact, I'm not doing very well, and I hope everyone doesn’t follow my trades. I open positions for real trading so that you can clearly see what I write in my diary. In the end, writing thousands of words in a diary is not as good as actual trading.
In fact, I work quite hard. Countless early mornings at four or five, I am still studying project materials. Many people must have seen me buying and selling coins late at night. I actually see almost all the comments, and I have never deleted any comments from people who misunderstood or blackened me. I admire some people who come to criticize me every day; if that spirit were used in trading or work, they would surely succeed. Wisdom lies in independent thinking.
This is a world of winners and losers. One day, most of these haters will turn into my true fans, and by then, I should be quite wealthy.
