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It's on now. I've been really tired these past few days, constantly watching the charts. Although I'm pretty sure this is a bottom and I've been going long, the back-and-forth tug-of-war in the market is exhausting. Because I opened a heavy position, I had the chance to go from a few dollars to almost four hundred dollars now. Originally, it hit $500 at one point, but I was out and not watching the charts, so it came back down and hit my breakeven stop loss. I had to find a new entry point to open a long position later.
For this long position, I was thinking of targeting $1700, which would have gotten me to $1400. But when the price surged to $1580 and spiked up to $1595, it still couldn't break the $1600 level, so I exited this long position and opened a small short position instead. I'll add to it if it goes up. This ETH still has room to drop; I'm targeting $1350.
Last night, I went against the majority. Many KOLs were shorting but got stopped out. Only I went long under pressure. My mom also trades futures. Last night, she scolded me viciously. She was shorting and probably got liquidated. Her account had tens of thousands of dollars a few days ago, but I glanced at her balance over the past couple of days, and it's only a few thousand left. She uses very high leverage, mostly 200x, so she probably got liquidated last night. Seeing that I took the opposite side of her trade, she just vented her frustration.
Right now, I'm not really a college student anymore. I don't feel like studying. I was originally studying medicine abroad, attending a preparatory course. I was supposed to be there from July to August, but I came back in June. As soon as I returned, my family started yelling at me, asking why I came back after finally getting the chance to go abroad, and finding fault with me for various reasons. At home, I'm just a punching bag. Sigh. Now my mom sees that I don't want to go, so she's telling me to quit school and find a job.
I'll think about it later. For now, my plan is to achieve something in the crypto space, at least enough to support myself. My capital is small, so sometimes my trades are very aggressive. My first goal is $30,000. With my current capital, that means a 100x increase. Let's witness it together.
This path is bound to be full of thorns, but I can definitely persevere. The weekend has low volatility, so get some good rest. I wish everyone a great weekend.