GateUser-39a4e33c

Expiry options operation log:
Starting over the weekend, bought ETH expiry options for the 13th, 14th, 15th, and 17th. The 13th and 14th nearly doubled during the late weekend evening, but on Monday, due to a market pullback, by 4:00 p.m. they went to zero. The 14th also went to zero yesterday;
The 15th was also almost about to go to zero. Last night’s CPI data was a major positive surprise, and once again it rebounded from near zero and was up about 3x. The 17th also surged by nearly 4x;
As for the end-of-term options, I’ve gradually started to find some rules this year:
- Most of the time yo

Wealth lies in technique and numerical wisdom, not in laboring with one’s body; profit lies in the overall situation, not in hard work of one’s own force.
The secret to creating great fortunes is mastering the underlying rules, not toiling away;
the key to gaining substantial profits is knowing how to judge the times and the situation, not forcing yourself to work the fields.

Pros and Cons of Stop-Loss Trailing
On July 2, a trade went long on #BTC at 60,425, with a stop-loss set at 59,500.
Later, the market rose as expected, reaching around 63k. At that point, I moved the stop-loss up to 62,300, executing a stop-loss trailing.
At the same time, anticipating resistance at 65k above, I also placed a take-profit order at 65k.
As a result, on the evening of the 6th, the market spiked directly, and the 62,300 stop-loss was triggered.
Faced with this situation, any trader would feel quite uncomfortable, as nearly half the profit was given back.
At this point, one might t

In recent days, I have simultaneously traded $BTC , $Q , and $SPCX , conducting a comparative experiment. A very obvious characteristic is:
For the same rebound after a decline, BTC's rebound is very laborious, while Q's rebound is very relaxed and not dragging. BTC hit stop-loss twice, and the third position finally turned profitable, while Q passed in one go.
Looking at $SPCX , its rebound is also acceptable, after all, it is still in the spotlight.

It is said that trading is all about waiting, so what exactly are we waiting for?
- For trend trading, we wait for a pullback.
- For range trading, we wait for highs and lows.
- For strong bounces, we wait for volume expansion.
- For breakout trading, we wait for a retest.
- For bottom picking and top picking, we wait for a reversal.
#btc #q #smh #mu

Betting on a rebound in oil in July, on #Polymarket, it has now returned to pre-war levels, possibly a trading opportunity with good odds.

Tools serve the market conditions
not to open orders for the sake of opening orders
or to show off skills
In short, not to open orders solely for trading profits
Orders made with such intentions
will ultimately find they do not end well
#btc #q #hype #mu

"Prediction" is a poison
It's addictive
When it's completely useless for trading

Repeat a trading pattern you recognize yourself 1,000 times through backtesting until it becomes muscle memory, enabling execution without hesitation, such as buying after a breakout or buying on a daily EMA20 pullback in an uptrend.
Recreate countless scenarios of entry and stop-loss in your mind; this is the simplest and most effective way to train your trading execution skills. #btc #q

My five iron rules for trading:
- Do not open a position at key levels
- Do not open a position without a breakout
- Do not open a position without a signal
- Do not open a position if you can't find a stop loss
- Do not open a position if the stop loss is too large

An uptrend is usually supported effectively, while resistance is ineffective.
A downtrend is usually resisted effectively, while support is ineffective.
Enter where it may be effective,
wait for a breakout where it may be ineffective—
this is probability, and also the essence of trend following!