I made another short position, got stopped out twice, and finally stood up this time. I hope they don't hit my take profit again. I want to keep holding the short all the way down. If Bitcoin goes above 74k, I'm definitely bearish. But I don't know where the bounce will reach, so I can only use capital to test shorting bit by bit.
The first chart is the short I opened at 73,895 yesterday afternoon. After shorting, it did drop, so I immediately set a stop loss. By evening it hit my stop loss. Well, I just lost some fees, no big deal.
The second chart is the short I tested again at 74,200 average price in the evening. It dropped but I didn't want to close it, so I set a stop loss before sleep. It got stopped out this morning at 2 AM, made a tiny bit.
The third chart is from today. I wanted to short 0.5 BTC when it was at 76,000. If it keeps rising, I'll wait until 78,000 to add another 0.5 BTC short position. Bitcoin came down directly, so I set a take profit first, got stopped out, then wait for tomorrow at 78,000 to short again.
The main point is to show everyone my trading logic: grasp the major direction accurately, don't try to profit from both sides, nobody is a prophet, we can't predict the market 100%, and we don't know exactly where the bounce will reach. So testing with small trial-and-error costs is no problem.
I made another short position, got stopped out twice, and finally stood up this time. I hope they don't hit my take profit again. I want to keep holding the short all the way down. If Bitcoin goes above 74k, I'm definitely bearish. But I don't know where the bounce will reach, so I can only use capital to test shorting bit by bit.
The first chart is the short I opened at 73,895 yesterday afternoon. After shorting, it did drop, so I immediately set a stop loss. By evening it hit my stop loss. Well, I just lost some fees, no big deal.
The second chart is the short I tested again at 74,200 average price in the evening. It dropped but I didn't want to close it, so I set a stop loss before sleep. It got stopped out this morning at 2 AM, made a tiny bit.
The third chart is from today. I wanted to short 0.5 BTC when it was at 76,000. If it keeps rising, I'll wait until 78,000 to add another 0.5 BTC short position. Bitcoin came down directly, so I set a take profit first, got stopped out, then wait for tomorrow at 78,000 to short again.
The main point is to show everyone my trading logic: grasp the major direction accurately, don't try to profit from both sides, nobody is a prophet, we can't predict the market 100%, and we don't know exactly where the bounce will reach. So testing with small trial-and-error costs is no problem.