#200u Start Diary

12.16 Day 46

Capital 330u Initial capital 350u

Yesterday at 10:30 AM, I opened a short position on fart when the U.S. stock market opened, it dropped a bit, but not very smoothly, making a profit of 30u and went to sleep peacefully.

I am conducting a comprehensive review of recent activities. Because I insist on writing a trading journal every day, combining them for overall review and analysis allows me to clearly see my advantages and shortcomings.

Overall Review:

① Data Overview: In the past seven days, I made 12 trades

fart 8 trades, won 6 trades, win rate 75%

aave 2 trades, both made only a little profit

Other tokens, 0% win rate

② Data Analysis: The data clearly shows that recently, my main focus has been on fart tokens, with aave as a supplement, and other tokens have led to self-inflicted losses. Moreover, the profit-loss ratio is still poor.

③ Problem Analysis: I found that the issues I encounter are generally not due to a single day but are caused by continuous accumulation; it has always been this way, previously it was loss + loss + all-in.

This time I observed that on 12.10, I made a large profit of 100u on fart and fell asleep, but it turned into a loss of 20u.

The next day, on 12.11, I traded fart without sleeping and ended up with a loss instead of a profit.

This led to internal conflict regarding the two aave trades afterward. Initially, the positions were opened in relatively good conditions at the top, which could yield better profits, but because I was unclear whether to stay awake and hold or to take a small profit to prevent losing gains, the final outcome became just a small profit.

Whether to sleep or not is certainly not the key, but the premise is that one must sleep. The problem becomes whether to hold on for a bit more profit or to take a small profit and run. I then found a third path where I made a profit, held on, and then when it turned into a loss, I ran. This led to a roller coaster of emotions, fluctuating up and down.

Solution: Currently, there is no good solution; I can only realize this problem first. It’s best not to contradict myself when situations arise.

My trades are basically based on my related situations and personality traits, which are strongly correlated with my recent circumstances. After all, I firmly believe that trusting myself is better than trusting others. I place my hopes on myself.

So I still need to regularly assess my current state and recent issues. Reviewing and organizing recent situations is better than not doing it at all; first, recognize the problem and then think of ways to solve it.

Next time will always be a little better.

Alright, goodbye 👋👋