Now that the market is fluctuating, I can't help but dig out the 'black history' of 2021

That wave of day and night lines reversing the market played out the whole process from my confidence to collapse

At the time, ETH was particularly strange, rising during the day and definitely falling at night, and after falling at night, it surely rebounded the next day, just like a programmed routine

I was overjoyed then, wasn’t this the law of heaven feeding me?

I quickly started opening positions in the opposite direction, and at first, it was quite regular, with stop losses set very strictly. After half a month, I earned a lot and walked with confidence

But the bad part was a few 'false stop losses'. Clearly, the direction was right, but I was lightly swept out by the market, and as soon as I left, it immediately charged towards the target

After several times, all my respect was gone, and I recklessly turned off the stop loss, secretly pleased: 'I’ve got this market figured out, stop losses are just unnecessary'

The turning point came unexpectedly. One morning, I saw the night line had dropped enough, so I heavily bet on a long position, satisfied, and went to sleep, even setting an alarm for 11 o'clock to prepare to collect money

As a result, as soon as the alarm rang, I opened the market software and was directly stunned — after the night line had dropped, the day line actually continued to crash, with the K line plummeting like a kite with a broken string

I stared at my account balance, palms sweating, sitting from morning to afternoon, watching the losses expand little by little, and finally, unable to bear it any longer, I gritted my teeth and cut my losses

With that cut, 30% of my position was gone, and now thinking back, it’s heart-wrenching. Later, upon reviewing, I realized that if I had held on, I would have likely been directly swept away by the market, with no chance to recover

In fact, this kind of 'pattern' in trading is abundant; some people track the US stock market opening times, some focus on low liquidity during meal times. The ICT time zone logic itself is not an issue, but there are always people like me who, after making a little money, become complacent and forget that stop losses are the life-saving symbol

Now I finally understand that being obsessed with win rates is self-deception. We are not relying on carrying trades to make a living; even if the win rate is only 10%, as long as the risk-reward ratio is high enough, we can still profit

When the market is bad, don’t think about counter-trend bottom fishing; being able to survive and stay at the table is more important than anything

The market has never lacked opportunities to make money; what it lacks is patience to withstand temptation and uphold the bottom line

Those pitfalls and losses were not tuition fees paid in vain but rather a compass to help you understand the market's temperament

Hold on to your stop losses and control your greed @加密珂姐