The core of short-term trading is stability and repeatability. The fundamental obstacle to achieving stable profits in subjective trading is not knowing how the market will move next. All strategies, mindsets, and capital management are aimed at addressing the issue of 'not knowing how the market will move next'.
If you want to stop losing money, please stop day trading immediately (this is not clickbait)
Because retail investors are essentially a structural scam. This article is a bit long, but if you are willing to give me 120 seconds, I guarantee you will thank me in a few years. I started trading when I was a teenager. I made a lot of money, thinking I was Batman. I also lost even more money, which hurt a lot, and even now I am still fixing the cracks from back then. I've tried all the strategies that retail investors can access. I even seriously day traded for a year, thinking I could finally turn things around, but the result was so miserable that just thinking about it still hurts.
How bad was my PNL at that time? Even my grandmother made more money than I did! And she just followed the method I taught her to automatically invest in Bitcoin.
Since November 12, it's been almost a month, and I've recorded 10 transactions. Now I can summarize them. First transaction: exit early. Holding on would hit the stop loss. Second transaction: exit early. Holding on would hit the take profit. Third transaction: hit the stop loss. Fourth transaction: exit early. Holding on would hit the take profit. Fifth transaction: exit early. Holding on would hit the take profit. (From the sixth transaction onwards, I learned a painful lesson, buying and not holding.) Sixth transaction: hit the take profit. Seventh transaction: hit the take profit. Eighth transaction: hit the take profit. Ninth transaction: exit early, the entry conditions are not mature. Tenth transaction: hit the take profit.
Now the question is, should I increase the funds in the contract account?🤔$SOL
南柯太守
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Based on the orders placed in the past, we have decided to adopt a strategy of low leverage and wide stop-losses going forward. Carefully record the next 10 trades. Let's see the results.
Although I looked at 127.5, I placed a conservative order at 128.5. Transaction completed. $SOL
南柯太守
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$SOL {future}(SOLUSDT) Bet placed, bet placed. Gently empty. Entry at 131.76, stop loss set at 133.67. Temporary take profit looks at 127.5. This time I really committed to the purchase. (Observing trade ten)
$SOL Bet placed, bet placed. Gently empty. Entry at 131.76, stop loss set at 133.67. Temporary take profit looks at 127.5. This time I really committed to the purchase. (Observing trade ten)
Shorting 21 altcoins at once, currently has a floating profit of 6.417 million USD🤑
Address 0xa31...8aD1E has consistently adhered to the "shorting altcoins" strategy since June of this year. After the flash crash on 1011, profits have significantly increased, and the overall account profit has exceeded 78.86 million USD; currently, only $ENA of his 22 positions is a long position with a floating loss, while the other 21 short positions are all profitable, with the top one being $ASTER (floating profit of 1.955 million USD)