$STEEM trading review (a bit too many words, it is recommended to compare with the market analysis)
In the morning, I saw the trend of its good brother hive. Because both are Korean traders, and I saw that there was a wash operation in front of the hourly line yesterday morning in Asian time, and the contract spot price difference is large, and the funding rate is high. I concluded that this wave will also be a similar wash operation as the previous one, and then I kept watching. During this period, my mentality was not very good. I was eager to enter the market for fear of missing out. Then I concluded that there would be a turnaround at 12 noon and started to smash the market (because the previous wave was completed within 4 hours), and entered the market at around 270 and covered the position at 285. The brothers who held short orders in the later process probably understand that the situation is a bit out of control and has been attacking. The floating loss of the position is close to 4 hours, and the funding rate of 4 points must be considered. I became panic and wanted to get out first to protect my capital. But in fact, this wave of decline has started since 13:30 when the market maker completed the position building. So even if the latter went out of expectations, those who entered the market too early felt that it would be too late and began to doubt their own judgment.
In general, the market maker was at yesterday's high point. I have already started to build a position, leaving a large value gap and order block (as shown in the picture). At noon today, the price was pulled back to the order area to complete the remaining orders. So this order is likely to return to below the starting point of this wave, and it will not turn around. If you have not closed the short order, you can rest assured to hold it. Scientifically stop profit and move the stop loss point down. But if you return to the bottom to obtain liquidity, you may have to consider going long.
In short, I gained a lot from doing small-capital orders in late December. Although most of it is experience rather than money, it also benefited me a lot. This will also be the last order of the year. Those who have short orders in hand, hold them for me to collect the rice, haha, and start again next year😁😁
In addition, the two most important points are: First, don’t rush to enter the market. You need to be patient. The market is always there. Opportunities are slowly waiting. Second, believe in your own judgment, keep learning from the market, and maintain transaction consistency
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