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In three days, the account went from 50,000 U to 500,000 U. This wave of alts market made me experience what a real roller coaster feels like.
$SKL, on the 6th, I casually opened a long position at 3.309. To be honest, I wasn't very hopeful at the time, just thought the technical pattern looked okay and the position was not too heavy.
Who knew this thing would take off directly the next day.
Seeing the price soar to 8.789, I didn't hesitate and directly closed my position. 80,000 U in hand, this trade was quite comfortable.
After tasting the sweetness, my hands started to itch a bit. The next day, seeing that the pullback was about the same, I made another entry at the 9.926 position. This time I was a bit bolder and added some positions.
The market results are strong, racing all the way to around 19.9. I'm not greedy; I feel it's about time to run, and I pocketed 170,000 U.
Eating meat for two consecutive days, it would be a lie to say I'm not excited. But I know that this kind of explosive market trend cannot last forever.
On the third day of observing the market, I felt something was off. Around the 20 position, I decisively reversed and shorted, and this time I was really sweating.
When that big bearish candlestick came down in the early morning, the price directly dropped to 8.66. The account had an additional 250,000 U.
Over the past three days, a principal of 50,000 has multiplied ten times. But to be honest, this kind of operation is not always successful; luck plays a significant role as well. When market sentiment is extreme, the opportunities are indeed large, but the risks are also magnified.
I am currently observing the next target, and both the technical patterns and capital flows are looking good. However, I will be more cautious this time, as the money earned is still money.