Review the gains and losses of this bull market. I had already multiplied my investments several times in this bull market, without taking ads, without leveraging, and without airdrops, purely through secondary trading step by step. This recent wave in the early morning wiped out my profits.
At first, it was quite smooth.
I sensed the bull market was coming in June, and I caught the first wave with XRP and PENGU, using 2x leverage from that time. My trading habit is to first set a small base position on a target I like, then watch the 15-minute and 1-hour charts for continuous volume increases to confirm my thoughts are correct, at which point I go in with a large position using 2x leverage.
- In June, because of the two waves with XRP and PENGU, my overall position doubled.
- In July, I had some losses and gains, but my overall position fluctuated little.
- In August, I caught the biggest wave with OKB. Although I didn't catch the maximum increase from the bottom, I was heavily invested with 2x leverage and caught the second wave of increases. Besides OKB, I also had W ARB BERA.
- In September, I caught some increases in PYTH and the Perp Dex sector.
I never caught the full increase each time, nor did I need to, because I used 2x leverage and dared to take large positions, which led to rapid growth in my overall position. I established a membership group at the end of August, and after forming the group, I shared all records there. I would post my trading logic and entry points each time.
By October, my emotions regarding the bull market were naturally higher, and the market was indeed good in the first few days. A few days ago, I heavily invested in STRK's rally with a large 2x position, achieving over 40% gains. At this point, I started to take profits on some of my ETH positions to invest in APT and other altcoins.
This was also the most fatal mistake of this loss: heavily investing in altcoins with 2x leverage...
Additionally, I severely underestimated this pullback. I originally thought ETH was just undergoing a normal pullback, so I kept adding to my position during the pullback without setting stop losses. I always thought 2x leverage should be safe enough, especially in a bull market. There really can be no room for complacency.
I’ve written out the gains and losses of these past few months in full, let’s encourage each other. Even if you make the right moves 99 times, missing the crucial one means losing everything. Leverage should not be used at all; one must have a sense of reverence. Additionally, strictly adhere to your trading principles. I originally didn’t have the habit of averaging down; I usually wait for a volume increase before chasing in. Entering October, I was still a bit greedy.
That’s all. Gather your spirits and set off again.
Show original48.77K
48
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.