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Real Trading Record: Hundredfold Challenge
Starting November 25th, a 500u challenge to reach 50,000u!
Today's balance: 1994u!
The recent market conditions have been indescribable. Over the past couple of days, there have been many liquidations. I haven't made any profit, but I haven't lost either!
Actually, the most friendly market for retail traders is a volatile, oscillating market. Whether going long or short, you can't get trapped, and you can still make money—commonly called a "beneficial market"!
The most liquidations usually happen in trending markets, especially during sharp rises or falls. Few can grasp a trending market; many reverse halfway through, and end up getting liquidated!
This morning, an interest rate cut was imminent. Many had already set up short positions around 2835-2855 in advance, but the market suddenly surged. I wanted to go long around 2700, but the market didn't give me a chance!
Control your hands, only trade markets you understand. The win rate will be high. For 90% of the time, just preserving your principal is enough; making money depends on the 10% of market movements within your own strategy!