Top trader Eugene: The market trend in September is still unclear, with a long-term inclination towards bullishness.

robot
Abstract generation in progress

BlockBeats news, on August 27th, top trader Eugene Ng Ah Sio posted on social media, ‘This month’s theme - you miss every opportunity you don’t seize. At the beginning of the month, due to the drastic fluctuation of BTC dropping to $50,000, I was immediately stopped out. My stop loss was set above $60,000, and I tried to go long once at around $50,000, but was stopped out again. The overall loss was manageable. Later, I successfully caught the bottom on SOL and ETH, and after one stop loss, I gained about 10% return. On August 8th, I successfully made a large long position on SOL, buying at $141 and selling at $157, making a profit of $3 million, and then returned to a close position. Due to my long-term bullish preference, the market fluctuations naturally affected me, leading to some small losses during this period, until the recent AltCoin rebound. In this rebound, I really messed up. I initially caught the AltCoin at the get on board point of gold, but due to the fluctuations of mainstream tokens, I took profit early and basically missed the entire pump of WIF/PEPE/FLOKI. It should have been a +25 to 30% return, but I only realized 5-7%. Afterwards, I chased rising prices on the AltCoins mentioned earlier on a large scale. Some performed better, some performed worse, and when we lost $62,500, I was forced to close most of my positions, almost back to the starting point. This is undoubtedly a very frustrating month, and the execution could have been more accurate. The market fluctuation this month is very fast, and the required execution accuracy is very high, but my performance did not meet expectations. Nevertheless, I will still adopt the same strategy of going long before the market shifts, because the correct returns far outweigh the risks of mistakes. The market in September looks uncertain, and I have no long-term bias for September.’

BTC-0.4%
SOL-0.72%
ETH-0.82%
View Original
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.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)