In one night, the market was wiped out by 1.73 billion yuan, which should be the largest liquidation in this round of bull market. The liquidation of copycats exceeded the historical black swan data of 312 and 519.
I think the reason is this: when BTC spiked to 90,500 at 6:00 a.m. on the 5th, the altcoins hardly followed. So the market is bullish on the altcoins. I remember saying in the group on the 6th that if BTC spikes again, the altcoins will at least retrace 30%. This time it was indeed the case, and some altcoins even retraced more than 60%.
This is a good thing for me, although my own profit drawdown is relatively large, accounting for more than 10% of my assets. Of course, this figure is not very large. Fortunately, it is all spot. If it is leveraged, it will most likely start from zero.
The good news is that there is finally a decent copycat pullback, which is a common thing in a bull market, plus the 9th is the day when Mercury and Mars are retrograde.
What made me unhappy was that I lost some of my profits. But it was okay, I was fine again in two days.
This month's market will not be easy to trade, that is, there will be more irregular fluctuations, switching from simple mode to difficult mode. Just use the shock thinking to understand it.
When the market was falling, I thought about the two key words I want to tell you: 1. Remember this uncomfortable feeling, even remember the feeling of being liquidated. Then ask yourself why there is no stop loss in the risky market. 2. Trading is more psychologically painful than illness is to the body. In a market that seems to be full of gold, if you cannot think and make progress through transactions, then it means that the market's whipping of you is meaningless!
