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The recent week's market movements have given me new insights into trading. Watching Bitcoin fluctuate from the spot position of 90299, I kept adjusting my strategy above 96,000—shorts, longs, closing positions, stop-losses—each decision testing my mindset.
Honestly, the process was quite tangled. I started building a short position at 91999, then added more at 93399, 94399, and 95399, with a total of 4% of my capital allocated across these four levels. I had planned to place another order at 97999, but unfortunately, I missed it, and instead watched the price bounce back and forth around 96999. I manually T'ed twice to lower my average cost to 94499, but the psychological pressure was intense—each time, I ran calculations in my head about the risk of liquidation, estimating that pushing to 103000 would be dangerous.
Repeated failures to set take-profit orders were the most frustrating: I placed orders at 93999 multiple times without execution, once nearly at 94490 without being filled, and last night, I tried to cut a 500-point loss with a stop-loss order but missed it by 100 points. Today, when the price dropped to 95400, I finally manually stopped out, taking a 4% loss on 1000 points.
This round of trading taught me one thing—strict risk control and firm execution are more important than anything else. Moving forward, I need to break free from being emotionally driven by the market.