The market has been quite volatile these days. First, there was a collective plunge around 2 a.m. on the 1st, followed by an oversold rebound early this morning. If one can grasp such dramatic fluctuations well and follow the right rhythm, it can indeed lead to a prosperous year.
Following the right rhythm is easy to say but very difficult to do.
Yesterday, I closed my short positions on zec and pievers. I definitely didn't close at the lowest price, but I'm quite satisfied.
Because I still have a bearish outlook for the short-term market, I'm prepared to wait for a rebound before looking for another entry to continue opening short positions.
The opportunity has come today.
I kept a close eye on pievers. When it rebounded from 0.32 to 0.35, I opened a short position and set a 12% stop loss. Not long after, I was closed out.
0.37 continues to open short positions, similarly setting a 12% stop-loss, and also being liquidated.
Wait until 0.42 to open a short position again, 0.4269 executed, set a stop-loss.
This time it finally succeeded.
Currently, there is a floating profit of 145%, and all losses from being liquidated twice have been recovered, with a significant surplus.
This proactive trial and error, maintaining a calm mindset is a basic requirement, setting a stop-loss is a necessary condition. We are retail investors, not market makers, and we should not foolishly hope to buy at the lowest point and sell at the highest.
Regular investment is still ongoing.
