I stayed on the sidelines with no positions all day today. At first, I thought event contracts were pretty worry-free since you don't have to watch the market or set take profit/stop loss orders. I casually tried a few trades, but soon realized something was off—the cycles and the price swings were both confusing, and there were too many fake breakout candlesticks.
In the afternoon, I decided to calm down and review my trades, trying out my old risk control logic from trading futures and options. Turns out, it actually works pretty well. I tested a few trades, and so far it seems quite stable. The key is to patiently wait for the signal before entering.
Guys, besides occasionally messing around with grid bots, I'm planning to focus on event contracts for practice. Not having to worry about liquidation is definitely nice, but only if you can keep your win rate up😆. Some people talk about using martingale strategies? That’s bound to blow up if you hit a streak of losses. It’s better to just focus on improving your accuracy, stick to a fixed position size each time, and if you can make a hundred bucks or so a day for a good meal, I think that’s totally doable.
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GasFeeBarbecue
· 3h ago
False breakouts are really annoying, I've been trapped by them several times too.
The no-liquidation feature of event contracts is indeed appealing, but as you said, discipline is still key.
Fixed position size + patiently waiting for signals, it's really that simple.
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FundingMartyr
· 12-06 13:53
False breakouts are really annoying; there are too many candlestick scammers.
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GetRichLeek
· 12-06 13:50
Starting to analyze the big picture again, haha, you said the same thing last time...
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BakedCatFanboy
· 12-06 13:48
False breakouts are truly the devil; I've been trapped by them several times myself.
What you said about risk control makes sense. The whole martingale approach is really just a gambler's mentality—sooner or later you'll get crushed by the reversal.
It's enough to make a steady profit in USDT every day; there's no need for such big swings.
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ruggedSoBadLMAO
· 12-06 13:41
False breakouts are really something else, always tricking you into entering the market.
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WalletDetective
· 12-06 13:24
False breakouts are really something. I’ve been trapped several times myself, thought I had found the rhythm.
I stayed on the sidelines with no positions all day today. At first, I thought event contracts were pretty worry-free since you don't have to watch the market or set take profit/stop loss orders. I casually tried a few trades, but soon realized something was off—the cycles and the price swings were both confusing, and there were too many fake breakout candlesticks.
In the afternoon, I decided to calm down and review my trades, trying out my old risk control logic from trading futures and options. Turns out, it actually works pretty well. I tested a few trades, and so far it seems quite stable. The key is to patiently wait for the signal before entering.
Guys, besides occasionally messing around with grid bots, I'm planning to focus on event contracts for practice. Not having to worry about liquidation is definitely nice, but only if you can keep your win rate up😆. Some people talk about using martingale strategies? That’s bound to blow up if you hit a streak of losses. It’s better to just focus on improving your accuracy, stick to a fixed position size each time, and if you can make a hundred bucks or so a day for a good meal, I think that’s totally doable.