Just now, I was chatting with my friend, and many friends asked me how to play and get in recently. Actually, I don't know either. If I could make money 100% of the time, I wouldn't have lost 8000 oil in April. Of course, 4800 of that was due to my mistakes; normally, a proper stop-loss would be around 2000 oil.
Recently, my mindset has been very laid-back because after losing big in April, I fell into a phase where I kept losing no matter how I entered. I kept stopping losses, and the mentality collapsed. At the beginning of May, my posts were still in a very emo state. But the crypto world is full of miracles; in just three days, one wave of market could recover more than 10,000 oil, which I really didn't expect. Since then, I have made over 5000 oil with Hippo + Erbing, and recently I've also made about 400 + 1100 oil.
Being able to recover and still make a profit, I have been very cautious lately. I feel that what I need to do now is to protect this wave of wealth. I can't spend this much money in real life, so I have been spending recently, including bringing my mom to Quanzhou to see a traditional Chinese medicine doctor and visit relatives, letting her have some fun. Overall, the spending in these few days has been less than 3000, which isn't even enough for my daily profit or loss, so I have been using a cooling-off period to restrict myself from entering the market, extending the happiness a bit longer.
I told my friend that in the current situation where it's at 2500, not dropping, and constantly ranging, there's simply no need to enter the market. Only a fool would enter long or short at this price. A range is likely to lead to a breakout and then a retest; if it drops, it’s also likely to pull back a bit first and then do something. Most likely, that’s how it is. So, entering at this position would just be a waste of time and energy.
When the market comes, and you feel the momentum is strong, it doesn’t matter what the price is. Just go long with a stop loss or go short with a stop loss; the opportunities will be greater. I really don't recommend playing without stop losses; it’s painful to hold positions. You don't even want to eat or sleep well, and your wife probably doesn't want to be near you. To gamble at a certain position, this is what I think about contracts: take the profit and run, if you can't eat it, admit defeat. This is my violent security play style.