đ„ DAY 9 TRADE UPDATE: SURVIVING THE VOLATILITY đ„
The marketâs volatility yesterday hit hard, and itâs been a rough ride. Hereâs the lowdown.
# The Current State of Affairs
Yesterdayâs Starting Point:
- Balance: $184
- Loss: $35 in just one day
- Current Balance: $155
- Unrealized PNL: - $41 in red
Itâs not a pretty sight. Most of my capital is tied up in just two trades right now. One wrong move, and I could strike out completely.
# Active Trades
- $BTC : Deep in the red, holding on and hoping for a bounce.
- $JASMY : Also in the red, waiting for a retracement.
# Strategy Overhaul
Given the recent hits, itâs clear we need a new approach:
- Altcoins: No more than 10x leverage from now on.
- Big Coins (BTC, ETH, SOL): Capping leverage at 24x. The urge to gamble is strong, but discipline is stronger.
# Lessons Learned
- High Leverage = High Risk: Itâs a stark reminder of the dangers of high leverage. Don't let your over-confidence ride your tide.
- Market Unpredictability: While everyone focused on the FOMC, global events (like the threat of World War 3 or geopolitical tensions) can drastically affect the market.
- Capital Management: Losing $35 in a day has been painful. But itâs part of the journey.
# Moving Forward
Risk management is now our top priority.
Sharing these tough times is part of the journey. Itâs not fun to lose, but itâs all about learning and growing.