2024.1.6 Funds: 10797U
A slight difference can lead to a huge mistake
Today was another day of fluctuating markets, where the volatile environment took me through the entire process from hope to disappointment. As my current positions in ENS and FET are quite heavy, at 9 AM the market seemed to be thriving, looking just a step away from profitable liquidation. However, a rapid rebound in the market quickly shattered this optimistic expectation, causing my positions to suddenly incur some losses.
FET is currently the heaviest position I hold. Its performance has been very strong in recent days, with hardly any significant pullbacks. I have been closely monitoring its trend, but it seems that the market always surprises us, breaking our previous judgments. Fortunately, other lighter-positioned assets managed to either take profits or cut losses successfully in such market conditions, contributing some considerable profits to the overall account amidst the repeated fluctuations.
This has deepened my understanding of the saying "A slight difference can lead to a huge mistake" in trading. A moment of negligence or misjudgment can result in significant losses, but as long as the strategy is appropriate and risk is controlled, we can still win over the long term through volume.
The strategy we adhere to remains a compounding model of taking small risks to achieve large rewards. Although this approach may not seem impressive in terms of single-instance profits, it excels in steady progress, with each small success gradually accumulating into long-term gains. By sticking to this philosophy, I believe I can go further in the long run.
Trading is not only a test of the market but also a refinement of mentality. Every fluctuation reminds me to stay focused, promptly review, and optimize strategies. Today’s ups and downs are a lesson and also a growth opportunity. In every day to come, I will be more cautious while also steadfastly moving toward my trading goals!