Let me explain why there is this tracking number. On 11.19, when Bitcoin dropped to the 90,000 level and then recovered, I had a sudden idea. BTC fell from 126,200 to 90,000, almost a 30% drop. Further decline would be unlikely to make sense. At this point, as long as I went long, with a liquidation price below 80,000, there should be a rebound. I opened this account with 100K, and the idea of catching the bottom was already ingrained in my mind. I also used this approach for my main position, which led to a classic moment of losing 2 million in 3 days.
Then, it kept falling all the way to 80,000. I went long twice; the second time, my liquidation price was at 78,800. It didn't trigger my liquidation, but the maximum drawdown was about 80%.
When only 20K was left, I thought I needed a 500% return to break even. But it’s okay; give me a month, and I managed to recover and even double my investment. The maximum drawdown was nearly a month, and I managed to recover 1,000% in that time.
The market always has moments that exceed everyone's expectations.
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Let me explain why there is this tracking number. On 11.19, when Bitcoin dropped to the 90,000 level and then recovered, I had a sudden idea. BTC fell from 126,200 to 90,000, almost a 30% drop. Further decline would be unlikely to make sense. At this point, as long as I went long, with a liquidation price below 80,000, there should be a rebound. I opened this account with 100K, and the idea of catching the bottom was already ingrained in my mind. I also used this approach for my main position, which led to a classic moment of losing 2 million in 3 days.
Then, it kept falling all the way to 80,000. I went long twice; the second time, my liquidation price was at 78,800. It didn't trigger my liquidation, but the maximum drawdown was about 80%.
When only 20K was left, I thought I needed a 500% return to break even. But it’s okay; give me a month, and I managed to recover and even double my investment. The maximum drawdown was nearly a month, and I managed to recover 1,000% in that time.
The market always has moments that exceed everyone's expectations.