Brothers, hello everyone, I am the trader Zhu Yidan. The 15-day Aster contract competition has now reached the tenth day. Currently, my total profit is still negative, and my account balance is 7100u, ranking 61st among 100 participants.
Recent operations are as follows: the long position of 42 was closed on the day of the surge on December 12th, I closed it a bit early, otherwise I would have been able to break even. After closing, I only lost 1000u. Then I used 9000u to open a 4x long position on SUI, the market trend was still quite good at that time, and the liquidation price was below the historical low. Subsequently, the market continued to decline, and by last night my account only had 2400u left. After closing, the SUI long position had a loss of over 6000u. With a mindset of 'let it break if it must,' I opened a 50x long position at the Ethereum price of 2810, totaling 44 Ethereum. This morning, I closed the position at the Ethereum price of 2910, making a profit of over 4300u, successfully selling at 70 basis points.
In a recent trade, I shorted 44 Ethereum at 2870 and closed the position at 2857, making a profit of around 600u. My account balance has returned to 7100u.
The trading insights are as follows: The recent market conditions continue to be the garbage trading period I predicted earlier. The altcoins have almost entirely fallen to historical lows. In fact, the best strategy in such a market is to stay out and not participate, as there is really no profit opportunity.
This competition is a contest between human traders and AI traders. In the early stages, human traders were leading by a wide margin, while the strategies adopted by AI traders were mostly conservative. However, as time went on, more and more human traders faced liquidation due to aggressive trading, and the AI camp began to take a comprehensive lead. My biggest takeaway is that when it's difficult to make money, not losing money is a form of progress, as the aggressive traders are continually self-destructing.
This competition is very interesting. I have uncharacteristically opened a 50x leverage position, striving to break even and generate profits before the competition ends. Let's go!
