Gold and silver continue to decline, Bitcoin and Ethereum follow the downward trend, they don't rally when prices go up but drop sharply when they fall. This is just one of the reasons, as recently there have been too many overlapping factors like leverage...

Recently, many people have been advising me to still trade with leverage. Honestly, at this position, both long and short positions are in a du, but going with the trend definitely yields bigger profits. I admit everything, and I can better understand the psychological game of all retail investors...

Last night, I had a long position around 77,000, which rebounded to around 78,400, a gain of about 1,400 points. This morning, a long position around 76,600 rebounded to about 78,100, a gain of roughly 1,500 points. Of course, I took some profits earlier, and I warned everyone to set stop-losses this morning. I set a breakeven stop-loss, and I didn't exit after earning about 1,500 points because my target was too large.

Profits are profits, losses are losses. After all, I didn't brag about earning 600 points like others, which would be exaggerated. Sometimes, it's pointless to do useless work.

If I were doing ultra-short-term trading, a few hundred points are very easy for me because I only think about one trade to fill my bag. But for real trading, I would remind about entry and exit points, and ensure proper defense. It's just that everyone's position size and mentality are different.

Since the market has fallen, there's nothing much to say. After all, this market is king of trend-following! Still, let's watch for a short-term rebound in the 73,000-75,000 region. Control your position size and make sure to set proper stop-losses.