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［100x Challenge Diary］On the 15th, shorted Ethereum, stop loss at 339x, triggered stop loss with a loss of 110u, falling before the southbound horn sounded. First challenge - over
Review:
Easy to double the account, hard to hold the position. This loss has been experienced many times before: turning 100u into 2000+, 300u into 3000+, including this time from 500u to 1100+. Essentially, it's all about wanting to double the account faster after making a profit. Choosing to leverage more increases risk more than your potential gains. The correct approach is that the larger the position, the lower the leverage. Protecting the principal is winning. Slow is fast.