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BREVU was cut out at 0.34, losing 14,000 on this trade. Actually, shorting is more straightforward than going long, and the strategy is clearer.
I was optimistic about this direction before the market opened, mainly based on three judgments: First, a major exchange hasn't listed new coins in the past month, and the pace of issuing tokens has clearly slowed down, so a turning point might be coming, and the bearish momentum could gradually fade; Second, the target listed on this platform before the open usually has good quality; Third, based on historical experience, the probability of a next-day surge like MMT is quite high.
But the actual situation after the opening was a bit of a slap in the face. The exchange's airdrop of tokens from 9 to 10 o'clock only issued 0.2%, and now it's only 0.35%, which doesn't seem to be rushing to dump the coins, giving me confidence to continue going long. In the end, I couldn't hold on and stopped out before sleep.
Looking back, it might still be a mindset issue. Even if the direction was correct, market volatility can easily cause emotional breakdowns. Instead, I should be patient and wait for that kind of bloodbath to buy in, which could significantly improve the win rate. Sometimes, the hardest part of trading isn't judging the direction but managing your own mind.