Daily Trading Review

March 25 Review
The panic index has been staying low, showing signs of a rebound. According to the bear market cycle, there should be one more sharp panic decline to reach the bottom zone!
Trading record:
1. When $TAO reached 362-370, I shorted 2 contracts each, totaling 4. I closed at 360 before bed, but it later dropped to around 330. Missed out on $120.

March 26 Review

1. At noon, $M hit 2.474, I shorted 10,000 contracts. When it retraced to 2.463, I closed the position. Later in the afternoon, it dropped to around 2, resulting in a missed profit of over $160.

2. In the morning, $ENA reached around 0.107, I shorted 10,000 contracts. Then a short-term floating loss appeared. When the price just fell below the cost basis, I closed with a small profit. Later, it dropped nearly 10%, missing out on over $100.

Summary: When experiencing short-term small floating losses after opening a position, I feel anxious, worried about being trapped, but I can't set proper stop-loss levels. This leads to closing positions immediately when there’s a small profit, fearing further floating losses and being trapped again.

I should overcome the fear of being stopped out. Opening positions is difficult at the exact high or low points. Since the trend judgment is correct, I should confirm the profit and loss range before opening, set clear take-profit and stop-loss targets, and use reasonable stop-losses to face the market. When reaching a reasonable take-profit, avoid greed, close part of the position timely, and move the stop-loss to lock in profits, preventing profit retracement. #交易 #比特币震荡走弱