When Japan announced interest rate hikes, I felt that this bearish news had already been mostly priced in. So my initial thought was simple — close the short positions and switch to going long.
The news officially hit around 11 a.m. local time, and at that moment, the price was just around 2833. To be honest, watching this wave of short positions nearly realize a profit of 200,000 before retracing, I still felt a bit uncomfortable. But this also gave me a valuable lesson.
The most common mistake in trading is being swayed by external voices. News, information, and various analyses are everywhere. Without your own judgment framework, it's easy to get led astray. The phrase "unity of knowledge and action" sounds simple, but actually doing it is not easy. If you believe in the future market trend, you must execute with conviction, rather than frequently changing plans under the bombardment of news.
My current strategy is very clear — focus on the 3400 to 3450 range. As long as the price retraces to this zone, continue adding short positions. Both technical and fundamental analyses point in this direction, so there's no need to be indecisive.
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SelfMadeRuggee
· 01-06 08:52
A profit of 200,000 has been pulled back, and I'm still here reflecting on life. This mindset is really something.
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RegenRestorer
· 01-05 15:01
200,000 profit drawdown, how strong must one's mentality be? I definitely couldn't handle it.
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CountdownToBroke
· 01-04 18:50
Losing 200,000 is heartbreaking, right? I understand that feeling... But honestly, your judgment framework this time is still there, unlike us passive weaklings who are easily shaken.
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gaslight_gasfeez
· 01-04 18:33
A profit of 200,000 has been pulled back, and you're still here talking about knowing and acting in harmony? That's funny.
When Japan announced interest rate hikes, I felt that this bearish news had already been mostly priced in. So my initial thought was simple — close the short positions and switch to going long.
The news officially hit around 11 a.m. local time, and at that moment, the price was just around 2833. To be honest, watching this wave of short positions nearly realize a profit of 200,000 before retracing, I still felt a bit uncomfortable. But this also gave me a valuable lesson.
The most common mistake in trading is being swayed by external voices. News, information, and various analyses are everywhere. Without your own judgment framework, it's easy to get led astray. The phrase "unity of knowledge and action" sounds simple, but actually doing it is not easy. If you believe in the future market trend, you must execute with conviction, rather than frequently changing plans under the bombardment of news.
My current strategy is very clear — focus on the 3400 to 3450 range. As long as the price retraces to this zone, continue adding short positions. Both technical and fundamental analyses point in this direction, so there's no need to be indecisive.