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Real Trading Record of the Hundredfold Challenge
Starting January 25th, a 1000u challenge to reach 100,000u!
Today’s account: 1220u!
Yesterday, I placed an order at 2815 to buy Ethereum, waiting for the breakout, but I couldn’t resist and entered at over 2850. I didn’t take profit either. Actually, the 2850 level isn’t too bad, but the key issue was that I opened a relatively large position. I opened five main positions, and later added four more at 2815, without many stop-loss points. The reason for adding was that I judged 2800 as the bottom, believing that the weekly close in the morning would move upward with a breakout. I had a strong conviction about this position, so I heavily bet on it!
Yesterday, outside of my main pattern, I bought 122.5 sol, still holding for profit. I entered because I saw sol dropping quite a bit, and I thought if Ethereum and Bitcoin stabilized, the rebound space would be quite large. I didn’t expect it to keep falling south, with each drop feeling like a stab...
This outside-of-pattern trade affected my mentality and position size. Otherwise, even with a main position at 2850 in Ethereum, I wouldn’t be worried at all!
This morning, the weekly close didn’t meet expectations; the rebound lacked strength and seemed ready to break at any moment. One more drop and it was gone. I took a break-even exit to wait for a pullback to re-enter. I didn’t expect the rebound to not come all night, and early this morning, the rebound was so strong!