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Recently, my trading approach seems to have completely reversed.
NIGHT has 20,000 rewards in front of me. I entered at 0.062 and got trapped, but I couldn't hold on when it hit 0.1 and closed the position. The price then turned and dropped straight to 0.076. I thought about entering again, and when it reached 0.083, I closed again—now it's good, but it has already fallen to 0.073. The losses from the trading competition alone exceeded 100U, plus the cost of hedging funds and losses, the account is already down over 200U. The key issue is whether I can still get the rewards, which is uncertain.
This morning's USD1 activity also didn't escape. When I saw 1.0030, I impulsively switched all my positions, only to see it drop to 1.0005 in the evening—another loss of over 200U.
From entry to exit, every step of the market moved in the opposite direction. Not only did I fail to grasp the expected returns of the trading competition, but the costs of hedging operations are also eating into the principal. This is the reality of the trading market—sometimes it's not that the strategy is wrong, but that the execution points are all off. Reviewing the candlestick chart, I realized that the problem wasn't in judging the market trend, but in my patience with market volatility.