It's not the bottom yet. It feels like adding positions at 312 got blown up, then adding positions got blown up again, then adding positions got blown up again.

1000 Challenge 10000 small goal completed, April 8th to date. Currently 10145U, the maximum retracement is 6700 down to 2500 (again not following the principle... that is pyth, time May 20), then rested for half a month, plus moving, family medical treatment, etc. Finally completed the goal today, just broke, the next is to sort out and review, statistics of operations over 100U and corresponding retracements. And subsequent planning, also extend the time and the same goal for the long term ~ the next small goal is 10w.

Small challenge no longer holds any position

Good luck everyone!

Is it going to crash?

It looks like the Ethereum ETF will not pass

On the 23rd, I opened a long and short position in ETH, and then waited for the news to come out and closed the positions that did not meet my expectations.
#以太坊ETF批准预期

#通胀 challenged a small position of 10,000 on gate1000, and encountered a retracement at 6,500. I set a stop loss, but after the stop loss was set in batches, the position retreated to 2,500, and all the losses were on pyth. Half of the stop loss line, and the other half was just cut. Not strictly following the rules set by myself (three times, 1/3 stop loss line) will only cause greater losses. As long as there is a sudden surge, there is a risk of liquidation.
Binance's pyth position felt that the funding fee was too abnormal on the 19th, and I made a small profit of 466U. Let's wait and see the market situation. The next opportunity will have to wait until the end of June. Before that, I was short and learned and felt life. I opened a position on April 8th, and it is currently predicted that the challenge will not be completed until the end of July.
The following are my personal opinions
1. Bitcoin was originally designed as an inflation-resistant payment system, and its market value is mainly the product of fiat currency inflation. Every fiat currency-related policy will cause abnormal fluctuations in the crypto market, so bring a stop loss;
2. 99.9% of the copycats will return to zero, and do certain things - empty copycats, while the information on fiat currency or policy has a lag, and ordinary people cannot confirm it in the first time. After confirmation, the market has ended;
3. The information on the chain is equally accessible to everyone, depending on your on-chain analysis ability;
4. The way is simple, and the supply and demand relationship (this point also reflects 1) is the main factor affecting the price;
5. The difference between trading and gambling The main thing is whether there is a trading logic (personal logic is supply and demand. If the Fed QEs and the total amount of BTC is fixed, BTC will rise. If the altcoin is released and the buying is limited, the altcoin will fall);
6. Trading is a long-term thing. It is wrong to fantasize about getting rich overnight. Even if you have the opportunity to buy BOME, WIF, etc., you dare not go all in, or run away early (in 2019, 2 million hexes were sold for 8,000 RMB, and the highest value was 6 million. ILV invested in 3 US dollars was sold at 38 in the last wave, and ordi was sold at 4.6);

The Fed has no other way except QE to quench thirst, and inflation has to be solved, so the world is going to be in chaos.
I am waiting for a big guy who is good at analyzing the solana chain. If there is one, please seek some advice.

#pyth #美联储何时降息？ #链上

Risk warning, the release value of pyth belonging to investors in this round is 100 million US dollars, and the total release of 900 million US dollars this time is huge, and it is basically controlled by the project party. The current funding rate is as high as 1.2% daily interest, and 10 times leverage of 10,000 US dollars is 1,200 US dollars a day. Although tomorrow is the release date, ILV (the message was published on mediums and then deleted) and DYDX have postponed the release of investors. Usually, only investors will receive emails for such messages. Refer to dydx's approaching agreed release date from 1 to 3. It is recommended to make a risk plan and don't get too excited.
#PYTHUSDT📈

I'm vomiting. I manually added up the total funding fee for the next three days, which is 1789. The gross profit is 3358, so theoretically I have a profit of 1569. However, according to my principal, I only made 466.
I really can't afford the funding fee of more than 1400 dollars a day. I'm breaking even.

The leverage is not high, and I have set a stop loss, but I am still worried. I am afraid I will not sleep well tonight. Check if there is any missed data or macro news. #美国4月CPI数据回落

Aevo is not bad. To be safe, I will close the remaining shares and set a stop loss at cost price. I will see what happens next.

The Binance robot is also running. It has released 3825 and has run for 13 days and 20%. I plan to hold these two for a long time. The advantage of the robot is that it allows me to have a good rest.

The fourth stage of the 1000 to 10000 small challenge did not meet expectations.
It was still a little short, lacking a little patience. I just closed the aevo in the morning, but the gate position limit is 8000, which is full, so it is only 1.5 times leverage. I looked at the funding fee again, um, it’s good, it’s -0.13%, let’s close it, stability is the first priority. The only reason for the loss is because I feel too stupid. The opening position is obviously very good, but I still lost money. I didn’t set it according to my own stop loss line requirements. If I hold 5000 now, it will be 2500U, and this is my second fall on this coin after the Spring Festival this year (Binance’s main position is 20,000. If I hold it now, the profit is 10,000 according to the opening price and the current price, but I made a small profit of 317U). It’s really stupid. The first one is that after closing it half an hour ago, I continued to go down. The 5-minute gap reduced the profit by 20%, but I don’t regret it, because I have held it for more than 8 days, and the opportunity cost of holding it is very high.
I am going to withdraw from Binance. The real account will still be updated until 10,000. The current price is 6536. The fifth stage requires a profit of 53%, which is also acceptable.

1.5x challenge at each stage from 1000 to 10000. I feel that the fourth 1.5x has obviously slowed down. At this rate, I estimate that I can only complete my 10x small goal by the end of the month. Moreover, the liquidity of the gate is really not good. I am afraid of being stuck and have to wait until 10,000 to withdraw to Binance. It’s a pity that my short order was closed too early. The profit on the 6th suffered a small retracement. If I could strictly follow my stop loss line (-33%, the profit of the previous wave), the order would not be closed. Now it has reached 6667 (of course, that also violates the principle. The leverage reaches 5 times when changing positions).
I just switched to the English version of Binance. After reaching 10 times, it seems good to consider going to the English version to lead Dan. Here I encourage all the big corpses of leading Dan in the square to release it on the English version. Isn’t it nice for us to cut foreigners together? If they lose, it’s theirs, and if they win, we have a share. Perfect!
The shock decline is coming

A small challenge of stop-loss and take-profit of 1,000 to 10,000. The current price is 5,500. The fourth stage has not reached the target, but today is a full month. According to this progress, it may be slower than expected.
Trading is a long-term thing. It is not to get a hundred times leverage and hope to win continuously and become rich overnight. If you do that, you are a pure gambler, either you get too excited or your position is blown up; trading is a self-game of human nature. It is important whether you can accept losses. You cannot make irrational judgments and make operations such as floating losses and adding positions to lower the average price. Even under low leverage, a slight unilateral market may break your defense line, so you become a pure gambler who adds positions to floating losses; setting a stop-profit is very important. If you know how to buy, you are an apprentice, and if you know how to sell, you are a master. Don't worry about selling out, because trading is long-term and there is no shortage of opportunities. The premise is that your trading logic is correct, whether it is looking at the K-line, the news, or the metaphysical market sense, of course, it can be verified to be correct.

Stop-profit, stop-loss, low leverage, reliable trading logic, long-termism. That's it

1000 Challenge 10000, Phase 3 has been completed, and it will be one month the day after tomorrow. The current progress still requires two times * 1.5

There will be a meeting on interest rates at 2 o'clock tonight. Which one do you support, a rate hike, a rate cut or no change?
My personal opinion. 30%, 25%, 45%
The last CPI and non-agricultural data are not favorable for rate cuts.
Usually such important macro news will lead to pins.
My small challenge should be to reach the 50% stop profit line today, which is 3057*1.5=4585.
In that case, only two 1.5 times will be needed to achieve the challenge

Record it, I hope there won't be any retracement, let's see how long it will take to reach 10 times.

The gate is very strange. I opened the first position of 1000U this year on the 8th. There was no big retracement and it never reached 5000. Why is it so strange? And it is still more than 3700 when it is more than 4000 points. I don’t know if it can reach 10000 before the 8th of next month. The previous two 500 challenges of 1w stopped at 4200 and 2800 respectively because the leverage was too high and there was no stop loss. I don’t know if it is feasible to go from 1000 to 10000 this time. I have learned a lesson. The actual leverage is less than 5. The last profit is the stop loss line, and the take profit is set at 1.5 times. It is estimated that it can be achieved in late May.