A short trader's confession stuck in a long position at 69400! 😭😭
First off, let me introduce myself, I'm a bear.
The 69400 position wasn’t because I believed BTC would hit 100k; it was more about seeing an oversold situation and trying to catch a rebound. Instead of profiting from that bounce, I ended up getting caught in a squeeze. 🥲
Right now, I'm sitting on a nearly 10% unrealized loss. Why am I holding on? Honestly, two reasons. First, I don’t want to take the loss. Selling out would mean admitting defeat—it's human nature.
Secondly, I rationally believe this price can recover. This cycle isn't over yet; there's still a chance for a rebound to 69400, but I know that will take time.
Plus, I've been actively shorting the market lately, and I’ve managed to recoup part of my losses. Moving forward, I’ll continue to trade and make profits to offset this position's drawdown until I have the patience to wait for it to bounce back.
But I must remind myself and you all, there's a big difference between "thinking it can recover" and "knowing it will recover"—and that gap is covered by stop-loss discipline.
Currently, the Fear & Greed Index is at 13, which indicates extreme fear. $60,000 is the pivotal line for bulls and bears; historically, extreme fear zones have high win rates, but it's not a guarantee.
My choice is to keep holding, but I've set a mental stop-loss: if we break below the weekly level at 60000, I’ll reassess. I'm not going to battle the market; I won't deceive myself with the word "faith." If the market goes south, I’ll also choose to cut losses.
It’s not shameful for a bear to get caught in a long; the real shame is convincing yourself you’re a bull after being trapped, losing your objectivity.
I’m still a bear, just temporarily tied up in a long position. 😮💨😮💨😮💨 $VELVET $H $AIO #币安钱包推出SPCXxIPO
First off, let me introduce myself, I'm a bear.
The 69400 position wasn’t because I believed BTC would hit 100k; it was more about seeing an oversold situation and trying to catch a rebound. Instead of profiting from that bounce, I ended up getting caught in a squeeze. 🥲
Right now, I'm sitting on a nearly 10% unrealized loss. Why am I holding on? Honestly, two reasons. First, I don’t want to take the loss. Selling out would mean admitting defeat—it's human nature.
Secondly, I rationally believe this price can recover. This cycle isn't over yet; there's still a chance for a rebound to 69400, but I know that will take time.
Plus, I've been actively shorting the market lately, and I’ve managed to recoup part of my losses. Moving forward, I’ll continue to trade and make profits to offset this position's drawdown until I have the patience to wait for it to bounce back.
But I must remind myself and you all, there's a big difference between "thinking it can recover" and "knowing it will recover"—and that gap is covered by stop-loss discipline.
Currently, the Fear & Greed Index is at 13, which indicates extreme fear. $60,000 is the pivotal line for bulls and bears; historically, extreme fear zones have high win rates, but it's not a guarantee.
My choice is to keep holding, but I've set a mental stop-loss: if we break below the weekly level at 60000, I’ll reassess. I'm not going to battle the market; I won't deceive myself with the word "faith." If the market goes south, I’ll also choose to cut losses.
It’s not shameful for a bear to get caught in a long; the real shame is convincing yourself you’re a bull after being trapped, losing your objectivity.
I’m still a bear, just temporarily tied up in a long position. 😮💨😮💨😮💨 $VELVET $H $AIO #币安钱包推出SPCXxIPO