Last night, $BTC surged from 90000 to 94588 in a frenzy. This one-sided market rally by the main force thrilled the bulls, but left me, who trades event contracts, anxious and struggling.
I actively shorted every pullback in last night's market. I accurately stepped into every trap set by the main force.
Knowing that the trend is upward and the volatility is low, why don't I follow the trend to open a long position? I have pondered this question repeatedly after seven consecutive losses.
Perhaps I fear chasing highs and becoming a bag holder. Perhaps I worry that after opening a long position, the main force will stop the rally and start a correction. So when I see MACD and when I see the price-volume divergence at the top, I actively short the market, just as I step into the trap meticulously set by the main force.
The event contract is indeed gambling because no one can predict what will happen in ten minutes, half an hour, or a day.
So what we can do is how to increase our winning odds. We can only ride the wave of the trend to make each gambling outcome seem more reasonable.
Friends, if you have already lost three times in a row while playing event contracts, you can stop and think rationally for a moment. Observe what the trend is. We cannot stubbornly go against the trend; individual power usually cannot defeat a giant trend.
Friends, whether you are winning or losing, you must leave yourself some principal. All-in is a double-edged sword; sudden wealth and liquidation are just a thought away. We can only survive in this market full of bloodshed by preserving our principal.
Finally, I have waited for the main funds' phased rise to end. Two large amounts of money have entered short positions, which not only covered my previous losses but also made a profit of 60u.
I hope my experience can serve as a warning to all friends who have lost while playing event contracts. Finally, I wish everyone prosperity.
