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1️⃣ Post original cont
After a whole day of rolling and crawling in the Crypto Assets market, I deeply understand the complexity and challenges of trading. Today's Bitcoin trend has made me experience several ups and downs, and it has also given me plenty of opportunities for reflection.
At what I believe is the peak position, I tried multiple times to open short positions, but the results were unsatisfactory. Each time I was forced to stop loss due to minor fluctuations in the market, which made me realize the significant risks of high-leverage trading.
On the other hand, when the market showed signs of rising, I missed a good opportunity due to indecision. The limit order price I set was too low, and in the end, I was unable to enter the market in time, only able to watch the price soar.
When Bitcoin reached its daily high, I hesitated again due to my earlier unsuccessful experiences. In the end, I opened a long position after a slight price pullback, but unexpectedly the market plummeted, forcing me to immediately cut my losses.
Through the trading of this day, I have summarized a few important experiences:
First of all, excessively high leverage is not suitable for everyone. For me, a robust trading strategy is more important.
Secondly, I need to find a balance between risk management and seizing opportunities. Taking profits too early may miss out on larger gains, but at the same time, one must also be wary of the risks brought by excessive greed.
Furthermore, paying real-time attention to market trends is more important than relying on past experiences. The market changes rapidly, and excessive reliance on experience may lead to misjudgments.
In addition, using market orders may be more effective than limit orders when determining market trends, especially in fast-moving markets.
Finally, trading is a process of continuous learning and growth. There is no 100% successful strategy; the key is to constantly summarize and improve through practice.
Although today's trading results are not satisfactory, I still firmly believe that through continuous learning and adjustment, I will eventually find my foothold in this challenging market.