Trade positioning: High leverage intraday trading, generally holding positions for 2-8 hours, not exceeding half a day, take profits and stop losses in a timely manner.
❌ A bunch of losses#
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Because of hesitation, the technical analysis was correct but didn't go long, regretted not getting on the train, emotionally wanted to get on the train, ended up chasing the rise and losing a lot.
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Before the release of April PPI data, continued to be emotional, wanted to make up for the losses during the day, the two Twitter gurus expressed the possibility of ETH retracement (indeed there will be a retracement, but it is not directly related to PPI data), acted impulsively, took a short position and retaliated, further losses. Not skilled enough, trading based on data is pure gambling, need to avoid trading based on data in the future.
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Under the frustration at night, gave up and went long, finally recovered some losses by getting on the APT train.
⭕️ APT#
- The three rising deviations were so clear, at that time I thought the Twitter gurus didn't give a signal to rise, I didn't know if what I saw was reliable or not, so I didn't think about going long, but it took off... During the review, I found that there were two other coins with the same structure, very clear.
- If you see a relatively reliable signal, give it a try, don't be emotional but always have a strong desire for profit, set a stop loss and seize opportunities. Losses are uncomfortable, missing out is also uncomfortable, although missing out is better than losing, but you need to adjust your mindset immediately.
- Once it starts, don't get on the train, getting on the train is gambling, easy to lose. Look for other coins that haven't started yet, if it is driven by BTC or ETH, most of them will not fall, and there will be a time difference.
✅ GRT#
- At that time, I looked for coins that hadn't started yet, and saw this GRT with a breakthrough structure, set an alert and triggered it directly.
- The trailing stop loss was set too close, and I was kicked off the train with just one pullback, missing out on the rest of the rise. This is subjective, but in the context of everyone rising, pullbacks can be tolerated because there is more room for growth.