Although I didn't make much money, I still want to review the mindset and records of the trade $GIGGLE
Entry price at 135
Holding period: half a month, publicly available on X
The mental struggle throughout
1. The reason for holding for half a month
There is a strong expectation for the positive certainty of tomorrow (announcement of handling fees), so I am willing to endure a significant drawdown; this is the core basis for my ability to hold.
2. The reason for the first reduction at 154
The price reached 154, which is the first resistance level after breaking above 135 + I have held for half a month, approaching a key time node, so I began to prioritize capital safety and chose to gradually reduce my position.
3. The psychology of wanting to buy back at 155 after exiting at 153
Upon seeing the breakout of the 154 resistance level, I immediately wanted to buy back the position I had previously reduced (even though the price was higher than the selling point), because a breakout indicates trend confirmation.
However, after placing the order, I immediately canceled it, the reason still being: capital takes precedence over recovering the position, especially since the entry cost is 135, and the profit is not very high, so I didn't want to take risks (of course, the record can reflect my mindset)
4. Saw a big drop to around 143 near midnight and liquidated
As mentioned earlier, the positive sentiment at the beginning of the month is a consensus; contracts are likely to be pushed up before being crushed to prevent spikes.
I also realized that the target I set yesterday was meaningless; the market can slap me in the face, and I can overturn my previous statements at any time because words cannot take responsibility for my investments.
I also anticipated this possibility and made a reminder in the group in advance.
In the morning, I reminded the community again that breaking below the cost of 135 cannot be a roller coaster ride 🎢
Meanwhile, the trading records show that all targets set at 170 and 200 have been canceled.
5. Entered a light position near 127
Wash and then pull, double kill for both bulls and bears
With the handling fees officially announced tomorrow
This trade belongs to a very light trial position, not recommended to follow
Although this trade made a profit, it means I didn’t lose in my November trading, and I am quite happy. I am also well aware that my operations and expectations are difficult to align perfectly; the difficulty is hell-level.
Most people in the same situation as me also cannot achieve two points:
- For a half-month position, 99% of people cannot reach expiration
- During midnight spikes, 99% of people are asleep and cannot react in time
The trading record is the best psychological mirror; this trade has made me see the significant gap between what I can truly achieve and what I thought I could.
