Starting November 25th, 500u challenge to reach 50,000u! Today’s account: 2220u! These past couple of days, trading hasn't been very profitable, and I’ve spent quite a bit on fees! Let’s analyze the market judgment: In recent days, Ethereum has been fluctuating between 2890-2990. Every time it rises, I feel it’s about to break through; every time it falls, I feel it’s about to break down. I missed out on the previous few moves, not knowing when it would break or drop, so I want to wait until it shows a clear direction before acting. Don’t miss out on gains while waiting, and don’t chase orders. The market isn’t short of opportunities; risk management is key! My short-term view on Ethereum is bullish, but I feel that even if it lifts, there will be a dip first, hitting stop-losses on long positions and releasing liquidity. I expect it to fall to around 2850-2750, then move north. The first target is to see 3300. Recently, I’ve been considering positioning for medium-term long positions, planning to buy around 2820, so I probably won’t trade around 2920, or I’ll only do short-term longs. Otherwise, if I get caught around 2920, and it drops to 2800 or 2700, I’ll be in a passive position. Even if it pulls back up, due to poor positioning, I won’t be able to set up a medium- to long-term strategy!
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Real Trading Record Hundredfold Challenge
Starting November 25th, 500u challenge to reach 50,000u!
Today’s account: 2220u!
These past couple of days, trading hasn't been very profitable, and I’ve spent quite a bit on fees!
Let’s analyze the market judgment: In recent days, Ethereum has been fluctuating between 2890-2990. Every time it rises, I feel it’s about to break through; every time it falls, I feel it’s about to break down. I missed out on the previous few moves, not knowing when it would break or drop, so I want to wait until it shows a clear direction before acting. Don’t miss out on gains while waiting, and don’t chase orders. The market isn’t short of opportunities; risk management is key!
My short-term view on Ethereum is bullish, but I feel that even if it lifts, there will be a dip first, hitting stop-losses on long positions and releasing liquidity. I expect it to fall to around 2850-2750, then move north. The first target is to see 3300.
Recently, I’ve been considering positioning for medium-term long positions, planning to buy around 2820, so I probably won’t trade around 2920, or I’ll only do short-term longs. Otherwise, if I get caught around 2920, and it drops to 2800 or 2700, I’ll be in a passive position. Even if it pulls back up, due to poor positioning, I won’t be able to set up a medium- to long-term strategy!