
Gold|Apr 02, 2025 04:35
Regarding my losses since pico ATH's.
The frustrating part is that I wasn't even involving myself in the market or 'overtrading'. These all happened over 3-4 trades over the span of 2 weeks.
Tilted me a bit. Most were shorts, but for whatever reason I got ran through. The annoying part is that if I kept holding I would be up now 80% of them. But shorts feels so much more uncomfy to hold than longs at the best of times.
I was on a roll. winrate was like 100% over the 2 weeks leading up to the tilt. It ALWAYS comes at some point. The market doesn't just give so freely like that without taking some back.
I got cocky, so I decided to long $7m of ETH on the news that Fidelity filed for ETH ETF staking.. I honestly expected it to pump for more than a 2% over a few minutes. 6 months ago this would've done at least 10%. Fidelity is the second largest fund manager behind Blackrock after all.
This is where most of the initial drawdown took place. The rest since then was me going in circles. I lost like $130k in total from this, trying to go in and out.. expecting a bigger move
I made back $80k over the week after. But in 1-2 gave all of that back and then some on CAKE, BTC, WAL and NIL which ended up totalling about -$170k~. Shit happens, portfolio still sitting at ATH's from this time a month ago so I really can't complain. All time highs aren't permanent.
It's easy to get lost in the noise and start doubting yourself after a couple losses in a row but I find that if you zoom out to monthly PnL it helps to put things into perspective.
During times like this I have learnt to sit back and not do too much. This has saved me ALOT of money. I see so many people trying to chase the daily dopamine hit and 'finding' trades.. getting euphoric over a 10% pump after 2 weeks of shitty, downtrend. The best trades come to you. Most of you are simply chasing losses on the first green day we've had in weeks.
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