Day 4 of turning 100u into 1000u Principal: 100 u Yesterday’s funds: 105 u Current funds: 105 u I’m still holding the long positions in BTC and ETH. Yesterday I didn’t see an opportunity to place any new orders. But yesterday, Bitcoin suddenly dropped hard and nearly triggered my stop-loss. I thought it might surprise me, but it turned out to be a scare. Every time I end up with greedy thoughts of trying to catch the bottom. Looks like I need to correct that seriously. I have to wait for the market to truly stabilize before entering. I always want to eat the fish head too—this kind of thinking will make me lose more and faster. #BTC #ETH
Day 3 of turning 100u into 1000u Principal: 100 u Yesterday’s balance: 114 u Current balance: 105 u Yesterday morning I placed two long trades—unfortunately both long trades were losing, which wiped out profits and sent me back to square one. I don’t feel mature enough for long trades yet; I’m always too impatient. I’m afraid of missing the market, so I jump in too quickly—and that’s what leads to losing money. Last night I saw BTC drop with increased volume, so I bought a bit of BTC and ETH. I’m still in a floating profit right now, and I hope it can surprise me. #BTC #ETH
Feeling rough, got liquidated again on my long position. I keep trying to catch the bottom but end up buying in halfway up. I think I’ve got the timing for shorting down pretty well, but I'm not so good at going long. Need to hit the books and learn more #BTC #ETH #BEATUSDT
Challenge to flip 100u to 1000u on Day 2 Capital: 100u Yesterday's Funds: 121u Current Funds: 114u This morning I opened 2 positions, saw this coin gua forming a doji, thought it was stabilizing after a drop and would start climbing, but that was a mistake. The market is brutal; it won't give you any comfort. If you're wrong, you pay the price, and it snatches your money, telling you that you messed up. Everyone wants to catch the bottom, everyone wants to buy at the lowest point, but the bottom isn’t that easy to catch. What you think isn’t always right. I hope next time I open a position, I’ll think more carefully.
Day one of the challenge to flip 100u into 1000u Initial Capital: 100u Current Funds: 121u I've been in the crypto game for a few years now and have never made a profit. I've tried all sorts of strategies, but they’ve yielded little. I can’t hold onto my gains, and I end up bagging losses. I guess this is the mental battle we all face. I've been liquidated a few times, which made me reflect hard. I dove into learning everything I could, reading all kinds of trading books, and adjusting my mindset. Now, I'm going to test the results of my hard work with 100u, which is also a form of trading discipline #BTC #ETH