This account serves as a log for opening positions and recouping losses, documenting the journey, the trades made, and the issues encountered.
Since BTC hit the high of 128,000, the market has been in a downtrend. During this time, I tried to catch the falling knife multiple times, resulting in consecutive losses. When the market bounced back to the 92,000 range, I briefly saw profits, but due to overconfidence, I failed to exit in time. The price then quickly dropped to 59,800, nearing my liquidation price of 58,000, and my account was on the brink of a margin call. To control risk, I had no choice but to cut losses, with the maximum loss reaching 2.6 million.
Following this, the market rebounded, and I employed swing trading strategies, reducing most of my holdings at an average price of 79,000, gradually recovering over 600,000 in losses, bringing my realized P&L back to over 1.9 million. However, last week the market took another sharp downturn, and eager to catch the bottom, I entered the market again around 72,000 against the trend, only for it to drop again to around 59,000, and my account got stuck deep once more.
After experiencing consecutive hits, I decided to calm down and systematically learn trading knowledge. Recently, I've reinforced my existing knowledge base and realized that I still have significant shortcomings in trading awareness and practical skills. Fortunately, with the meticulous guidance and companionship of Brother Chi, I regained my confidence and am determined to gradually overcome the loss predicament. I won't completely close this long position; I will continue to document my trading journey, as I aim to recover my losses! Self-reflection and perseverance! $BTC
Live broadcast account: @老郑睡不醒
Since BTC hit the high of 128,000, the market has been in a downtrend. During this time, I tried to catch the falling knife multiple times, resulting in consecutive losses. When the market bounced back to the 92,000 range, I briefly saw profits, but due to overconfidence, I failed to exit in time. The price then quickly dropped to 59,800, nearing my liquidation price of 58,000, and my account was on the brink of a margin call. To control risk, I had no choice but to cut losses, with the maximum loss reaching 2.6 million.
Following this, the market rebounded, and I employed swing trading strategies, reducing most of my holdings at an average price of 79,000, gradually recovering over 600,000 in losses, bringing my realized P&L back to over 1.9 million. However, last week the market took another sharp downturn, and eager to catch the bottom, I entered the market again around 72,000 against the trend, only for it to drop again to around 59,000, and my account got stuck deep once more.
After experiencing consecutive hits, I decided to calm down and systematically learn trading knowledge. Recently, I've reinforced my existing knowledge base and realized that I still have significant shortcomings in trading awareness and practical skills. Fortunately, with the meticulous guidance and companionship of Brother Chi, I regained my confidence and am determined to gradually overcome the loss predicament. I won't completely close this long position; I will continue to document my trading journey, as I aim to recover my losses! Self-reflection and perseverance! $BTC
Live broadcast account: @老郑睡不醒