老郑睡不醒

Recap on Day 6 of Recovery
Current PnL: -1,487,000, Floating Loss: 635,000 (Real account is open)
Today is Sunday, Bitcoin is currently hitting resistance around 64,300
From the chart, we see: hourly lows are rising at 59,080, 60,691, xxxxx
So here’s the deal, if xxxxx makes a new low
As long as it doesn't drop below the second low of 60,691, it sets up for a long
We can look for a natural pullback to enter long around the 61,300-62,000 range
The stop-loss level is established, the rising hourly second low serves as the stop
Thus, the 15 BTC shorts I hold will also get cleared
Recently, I’ve been checking in on my own issues
A lot of people (myself included) find trading tough because we let our subjective biases dominate
We need to think more objectively and observe the charts closely
When trading, we should trade what we see, not what we think
Before a move happens, don’t predict the market (subjective bias)
React after the move happens (objective perspective)
This point can be illustrated by the one-sided drop that started in early June; nobody knows how far it will drop
Don’t fear missing the boat, unlike me, who jumped in early and got caught
Once the one-sided move completes, and the market gives clear signals, entering then reduces risk significantly
At the very least, you’ll have a psychological expectation
#BTC $BTC
Live stream ID: @老郑睡不醒

Record of Break-even Day 5
Current balance: -1580000, floating loss 712000
Long position: 85 BTC average price 71979
Short position: 10 BTC average price 63300
Increased my short position from 5 BTC to 10 BTC
At 64500, I still have 5 BTC short, just 200 points away from hitting
Can't close my long position for now, so I'm using the shorts to pull some profit out
It's the weekend and there’s no action, just waiting to see how next week goes
Gonna focus on watching some games these days
Bear market really tests your mindset
But I'm keeping my cool, just been having some trouble sleeping lately
Wife's not home, no one to talk to @晴子吃不饱
The market's moving slow, no rush, taking it easy, still optimistic about BTC and crypto's future
Thanks again to all the brothers for their support😘
#BTC $BTC
Live account: @老郑睡不醒
{future}(BTCUSDT)

Given the current scenario, I'm expecting the price to range between 60000 and 64500. With Japan's interest rate decision coming up next Monday, it’s likely to be bearish; the real question is whether it’ll be a significant or minor dip. I've held onto my long positions these past few days but I'm looking to short slightly at peaks. On one hand, I'm still generally bullish on a pullback, and on the other, it’s a way to hedge my long positions. I’ll keep my short positions small, and later this afternoon, I’ll look for opportunities to go long at lower levels. I plan to set shorts around 63700 and 64300; the former is based on the one-hour EMA200 and four-hour EMA50 resistance, plus I’m eyeing the liquidity cluster around 63800 on the liquidation heatmap to see if the market can spike up to that level for a trade before a potential retracement. The latter level is also near the upper boundary of the range, serving as a hedge for the first position. Both levels will be small positions, so patience is key... patience... $BTC @老郑睡不醒

Day three of recouping losses
Current balance: -1765000, floating loss 857000
In a deep bear phase, not sure how long it’ll last
Feels like there aren’t many players in the market lately
Surprisingly, my day trading position made it to 8th place on the 24-hour profit leaderboard
For the range I’m looking to buy during this choppy market, I keep missing it by 200-300 points
I’m itching to trade, but no opportunity to short
Not sure if we’ll form a wide-ranging oscillation between 60000+ and 64300
If there’s a range, how long will it last? How long can shorts get in on this?
Let’s pump it a bit, I want to add to my shorts 😂
Long positions are stuck, so I can only operate with shorts
Can’t help but feel the market is so dull, overall pace is way slower than in a bull market
Taking a break, need some entertainment, staring at charts all day is driving me crazy
#BTC $BTC live account: @老郑睡不醒
{future}(BTCUSDT)

Record of breaking even on the second day
Current balance: -1730000, unrealized loss increased by 935000😵
Good news: Swing trades are gradually generating profits💰
Bad news: Short positions were opened too little, resulting in higher unrealized losses, feeling a bit nauseous
Today, U.S. stocks started to drop mixed with many bearish news
On the contrary, the crypto market is holding strong, not dropping to the 60300 level given during the live stream
Thus, the 5 BTC short positions didn't successfully take profit, but that's no biggie, we'll re-enter when it goes up
Highest unrealized loss over 900,000 USD
Everyone fears sudden extreme market conditions, combined with the info from last year's charts
The lowest hit 48888 mainly for three reasons
Concerns about U.S. economic recession, large-scale unwinding of yen arbitrage, and chain liquidations amplifying the drop
I mentioned during the live stream, this situation leads to chain liquidations, big fish eating small fish, when the big fish fall, the small fish get swallowed too
48000 is the shutdown price for miners... etc.
Constantly looking for positions on higher timeframe charts, seeking psychological comfort
Trying to push the liquidation levels below 40k
To say I'm not nervous would be a lie, directly facing a massive unrealized loss
At this point, the most important thing in trading is to cut losses!
Just like Guozi Ge often says, define gains by losses
As long as you earn more than you lose, that's the right trading
Trading has its ups and downs, which is completely normal
These are the words I often tell the brothers in the live stream
But when it comes to myself, I couldn't control my human nature
Entered sleep with a bit of greed and fatigue
Woke up the next day, the originally profitable position had no defense
From unrealized profit to unrealized loss, a drop of 4500 points in one day
Holding onto a lucky mindset led to even more unrealized losses
Mindset is indeed important, but risk management is even more critical
So my story is to tell everyone about the necessity of using stop losses in trading
There are no perpetual champions or myths in the market
Even if there are, those who survive until now can probably be counted on one hand
The market has endless possibilities, but buddy, the bullets in your pocket are not infinite
No one's money just falls from the sky, this market will always have that one opportunity
As long as you seize the opportunity, you will accumulate wealth
It's easy to conquer a territory, but hard to defend it
Wealth that you can defend is your true wealth; otherwise, it's just a bunch of numbers
Once you make a profit, take it out, don’t follow my path
Real trading has started, let’s communicate and grow together
I'll stop here for today, thanks for watching 💛
Peace out♥️
#BTC $BTC Live stream main account: @老郑睡不醒
{future}(BTCUSDT)

First Day of Recouping
Current Balance: -1990000, Floating Loss: 790000
Still holding 10 short positions from my day trades, I got out of 5 yesterday, leaving the last 5 to clear once the price drops further. At that point, I can just hold my long positions and chill. The market moves so fast; in just a week, I flipped from floating profit to floating loss—it's like a lightning strike. Many folks say crypto is dead, but I don’t buy it. Maybe the bear market has dragged on too long, and everyone’s just sitting on the sidelines, but the pain and journey through this is something only I truly understand. I’ve always had the chops; real results come from holding long. So I’ve prepped for some profit-taking. This includes the BNB long position I opened on April 2, which has nearly wiped out my profits too. It’s not that I don’t want to exit; since I've got conviction, I plan to hold long. When it hits a key level, I’ll cash out, but I don’t want to touch this big Bitcoin position in the meantime. After cutting my losses of 1.99 million dollars, I just need to reduce my position at the key level; it’s just a matter of time. I believe the bull market is coming; Bitcoin’s price will surely rebound above 90k, and I’ll likely recoup most of my losses, with the rest being a bonus. I’m constantly giving hope to my buddies who are stuck: the days of gloom are behind us, and the dawn of victory will eventually arrive. I remain confident in the crypto space. Thanks for the recent support and encouragement! #BTC $BTC

Main Live Stream: @老郑睡不醒
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