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I've gone short again, got stopped out twice, and this time I finally managed to stand back up. I hope they won't keep hitting my take-profit again. I want to hold my short position continuously. If Bitcoin surpasses 74,000, I will definitely be bearish, but I don't know where the rebound will hit, so I can only use my capital to gradually try shorting.
The first chart shows a short I opened at 73,895 yesterday afternoon. Right after opening the short, it dropped, so I immediately set a stop loss. By evening, it hit my stop loss. I lost a bit on fees, but it doesn't matter.
The second chart shows another attempt to short at an average price of 74,200 in the evening. It continued to fall, but I didn't want to close the position. Before sleeping, I set a stop loss, and it finally got stopped out at 2 a.m. this morning, earning a small profit.
The third chart is from today. When Bitcoin was at 76,000, I considered shorting 0.5 BTC. If it kept rising, I would wait for 78,000 and add another 0.5 BTC short. However, Bitcoin suddenly dropped, so I set a take-profit but was stopped out. If it reaches 78,000 tomorrow, I will short again.
The main purpose is to show everyone my trading approach: accurately grasp the overall direction, don't try to catch both longs and shorts at the same time. No one is a fortune teller and can predict the market 100%, nor do we know exactly where the rebound will occur. Therefore, small trial-and-error costs are acceptable.