Yesterday I went long in the 94750-95450 area;

The average price reached 95215

After finishing, it started to rise, I really overestimated it, watching the market all the way to 96488, it just wouldn't go up at all;

After several hours of back and forth, it dropped to a low of 94259; only 9 points away from my stop loss at 94250;

At that time, I was still fortunate that surviving a great disaster must bring good fortune afterward, if this wave could break 97, I would take profit; if not, after it goes up, at worst I would just set a cost loss

Sure enough, it just hit 95740 and then started to drop, I immediately took profit manually! A total of several hours, but the energy spent was not a trivial matter!

Although there was some profit in the end, the whole process was really tiring; I haven't done this kind of short-term trading for a long time

I share this process to tell my brothers, the higher the trading frequency, the greater the chance of making mistakes; if I had gone down another 9 points yesterday, I would have been stopped out, losing several thousand U; sometimes your capital is not just what you normally lose, but more about the loss of funding rates, loss of transaction fees, and the loss from incorrectly setting stop losses and take profits, don’t underestimate a small amount, when it adds up over time, you will see the total loss!

In the context of a major downtrend, the risk of betting on a rebound is still very high, in a major pullback market, buying the dip while it’s falling can only adapt to spot trading;

Some might say, can’t you short? I’ll just say two points:

1: I don't believe in directly switching to bearish, so I had no expectation of shorting at the high

2: Since I didn’t short at the high, how can you ask me to short at the low now

In such a market, as long as you are in the middle of it, you will feel the torment; the more it is like this, the more you have to control your hands; I believe this round of market will not end so hastily; waiting is also a strategy!