High School Student's Encrypted Diary: Bear Market Edition
The market is indeed terrible, but there’s still something to do. Let me share my upcoming strategy with everyone.
I only started playing in the secondary market this month. I found that low leverage and not holding positions make trading contracts not too difficult. Maybe it’s my novice protection period. I will continue to consult and learn from experienced teachers.
There's still a little bit of action on BSC every day, although the BSC developers are quite clumsy. The core is to closely follow big brother and big sister's Twitter.
The next two certain opportunities are CZ's new book and the Spring Festival mascot. Both are expected to happen in the next two weeks.
I also plan to continue learning to sweep SOL. I took too many hits in SOL before, but now that I have more capital, I won't be constantly anxious about not making money.
I will focus on learning chain-sweeping techniques and accumulating experience. I will no longer be obsessed with getting short-term results; often, that allows me to calm down and seriously study and review.
In terms of life, I mainly need to lose the weight gained from sitting idle for the past six months. I want to exercise and increasingly feel the importance of being healthy and safe.
Last weekend, I went karting. I was showing off at full speed around a turn and ended up colliding with a friend who stalled on the curve. I was completely bewildered at that moment.
It felt like a car crash. Fortunately, after a few minutes, I drove back and found there was no major issue.
How strong was the impact? The helmet and goggles I was wearing came off. I stopped instantly at 65 mph. To this day, I still have lingering fears. My wrist was impacted, and even now, it still hurts when I exert force.
It's better to participate in high-risk sports less frequently, or even try not to participate at all, to avoid giving my body a chance to get hurt.
If we earn enough money but don’t have a healthy body to enjoy the convenience that money brings, that would be quite unfortunate.
I originally planned to take a year off from school for next year's college entrance examination, but while I was busy, I missed the registration deadline without even realizing it.
However, I actually never wanted to take the college entrance examination. I feel like I can't return to my best state.
I increasingly feel that the teaching content in the country is useless, but I did lose an opportunity to make a choice because of the market situation.
Fortunately, today I went back to school to handle the documents needed for going abroad. I also got them notarized; now I just need to see where to go.
In the meantime, I will make up for my English and strive for a score of six in IELTS, if possible.
So this is basically my bear market plan. What about you, my friend?
Patience, my friend. I believe we can get through this long bear market together.
On November 5th, $MMT experienced a violent short squeeze, nearly causing me to lose all my assets.
To sum up the results: I opened a large short position and chased the price higher, with the high point only 1 USDT away from the liquidation price. Given the liquidity vacuum at the time, I was lucky not to be liquidated. It's also fortunate I didn't open a short position in Bybit when it reached a high of 10 USDT. Currently, I'm making a small profit. As everyone knows, I'm a streamer who specializes in fighting dogs (a term used to describe streamers who play against dogs), and as most people probably think, we focus on level one and rarely play level two.
I'm the same way; in fact, in the last six months I've only opened low-leverage coin-based accounts, and the coins I traded came from income in the primary market.
What truly opened Pandora's box for me was $GIGGLE. After Binance announced its fee donation, I realized this was the last piece of good news, so I shorted it near its peak, only to close the position after Giggle Academy announced the burning of some tokens.