May Summary


On the 1st, I recharged 1000 USDT, divided into two accounts each with 500 USDT, one for altcoins and the other for Bitcoin and Ethereum, withdrew the principal on the 11th, leaving about 1100 USDT. Starting from the 12th, whether trading altcoins or Ethereum, a total of 7 positions were profitable and exited. I calculated that if I had exited all positions profitably at that time, I should have around 2500 USDT. However, I became complacent, which led to the market dropping in the past two days, and altcoins also declined. I had to stop out of all positions. Now, the remaining balance is less than 100 USDT, with the most regrettable being UP, which had about 700 USDT profit but was not exited. Here are a few reasons I summarized:
1. The market was volatile in the first few days of the week, and it broke below support in the past few days. I shouldn't have held on for so long, especially with Bitcoin forming a double top on the 4-hour chart. I became a bit overconfident.
2. I was a bit greedy. The trades I made could have been exited profitably, it’s just a matter of earning more or less. I was a bit greedy, especially with altcoins, and starting from the 12th, I didn't strictly follow take-profit and stop-loss rules. That was the key problem.
In summary, I will learn from this experience and restart on Monday.
BTC-0.07%
ETH-0.46%
UP-6.86%
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EmperorHuangfu
· 05-16 11:04
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