Good morning everyone, I am Ji Fu.

I already have some orders that have started to automatically take profit. Here I will review with you my trading process during this round of 4h level decline.

1. I started to plan for this round of 4h level decline last week. Taking $BTC as an example, I lost twice.

The first time was a short position near 62500, which was swept near 63000. The second time was a short position near 64444, which was swept at 65111.

The total loss was 1,200 points.

I closed half of my third short position at 61555, making a profit of 0.5*4300 points, which is equivalent to 2150 points. The rest is pure profit, which is just a matter of making more or less profit for me. During this period, I made some short-term long trades, which also made profits, so I won't go into details.

2. On the 26th and 27th, there were a lot of negative comments in the comments section. So I immediately realized that it was probably going to work. So in those two days, I laid out 15 fake short orders. Among these 15 fake short orders, 3 hit my stop loss, 2 triggered breakeven, and 2 I already took profit. At present, I still have 8 fake short orders and 3 mainstream short orders, and the profit is already quite substantial.

3. Many people criticized me on the 26th and 27th. The core reason was the continuous loss orders, and they could no longer bear it mentally.

For example, my short position at 64444 in Bitcoin fell below 63000 three times after I took it. I could have made a profit of 1600-1900 pips each time, but I didn’t close it.

This is torture for many people. Some people even started to hold orders and asked me at 66,000: "Father, what should I do with my short order at 64,000? Should I sell it or open a long position to hedge? Can I hold on?" I don't know if I can hold on, because I don't. If I lose, I will try again at 68,000.

And although I triggered stop loss twice for Bitcoin, I actually triggered stop loss a total of 8 times for mainstream coins, because $ETH and $SOL once experienced a rebound, which led to additional stop losses.

But now looking back, are these losses worth it?

4. Some people criticize my analysis, saying it is long-winded. But I want to tell you that if you don’t understand my trading logic, then when you follow my strategy and suffer consecutive losses, your mentality will inevitably be unbalanced. Because what you see is profit taking or capital loss. You don’t actually know what I am doing. What you see is “missing the market”, and then you rush to go long, become my counterparty, and continue to lose money. After losing money, you want to make up for it, so you increase your position or even hold the order, and finally your position is liquidated. I have seen too many examples like this.

In fact, if you shorted at the first selling position and closed half of it at the designated position to protect your capital, you are now quite comfortable. You don't need to watch the market, just spend the National Day steadily.

It's not that I don't do short-term orders, but basically the advice I give you in my analysis is medium-term orders. Why? Because I know you can't be short, you can't control your hands. You short from 66,000 to 63,000 and then close all your positions. Then you want to go long, and all the profits are lost. The previous left-side top touch was in vain, and the loss caused by the top touch was in vain.

At the beginning of September, I went long at 53,700 and held it until 61,000, eating up 7,300 points. I did a short long in the middle and made a profit of 1,800 points. Ethereum SOL synchronization. Did I have a loss order before that? Yes, my short order at 53,800 was swept away at 52,900, and I re-entered the market the next day. So, is that loss order worth it? Many people said that it would fall further at 56,000, but it had not fallen through. Later, when it rose to 66,000, they said it would rise again, and the bull market was coming. I don’t analyze the external news, capital flow, main holdings, and the relationship between volume and price. I just learned a little bit about naked K patterns and technical indicators, and my mentality is still not good. How can I survive in this market?

Therefore, before you learn knowledge, you must first cultivate your mind and learn to calm down. Don't be anxious when you suffer losses and just think about it. Rather than having a broken mentality. If you don’t go short on the left side, but go short on the right side, such as around 63000, did you panic yesterday? I know that after the daily line is three negative, I will definitely rush upward, but because I have a short order of 65888, I don’t even have to keep an eye on the market.

5. There is no panic trading in the market, the greed index has not bottomed out, the technical indicators have not been corrected, MACD and KDJ continue to decline without bottoming out, there is no high volume and long lower shadow, the long-short ratio and funding rate show that more people are long, and the fifth Middle East war is imminent. ... Not to mention, there is no bottom reversal signal, because even the stop loss signal has not appeared.

At this time, all your long orders can only be short-term intraday long orders, and you cannot make a pattern. Even if I do left-side trading, at least 3-4 signals must resonate before I dare to make a pattern. Ethereum has fallen below 2400, and now it only needs a panic order to hit the triple bottom structure I mentioned before. Will you dare to enter the market and make long long orders at that time? If I find a loss order on the left side, will you scold me again, and then go short at positions such as 58,000 and 2,300? Someone will definitely do this at that time, do you believe it?

So I have learned my lesson now. If you scold me or criticize me, I will give you a thumbs up. For example, a few days ago, if you had different opinions, whether you posted them on the satellite or in the comment area, I would give you a thumbs up. If you contacted me on the satellite, I would give you a reply like "I agree with you, you are right, you have to go to 70,000" and so on.

I just want to encourage you, so that you can be happy, at least spiritually satisfied. When you are beaten more often, you will naturally think about how to establish your own trading logic and not be affected by emotions. It will be too late then, and there will always be opportunities.

6. Some people noticed that I opened an order. Actually, this does not mean that I will definitely open an order in the order-taking system. Even if I open an order, I have to wait until multiple signals resonate before I will touch the bottom on the left side. And there is a high probability that it will still be accompanied by a losing order.

Honestly, I don't want to put too much pressure on myself, so whether to open an order is a question mark. So don't ask me about following orders anymore, I will think about it carefully. If you push me too much, I may be even less willing to take orders.

There are a lot of words, and it seems to have turned into a long article. But if possible, I still hope you can read it to the end.