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Recently, I followed my teacher to make four ETH trades, and I want to review the process and results.
The first trade was entering a long position at 3145, and around 3200, my teacher judged that the pattern was not right and called to exit in time, ultimately earning 55 points. The key to this trade was execution—no greed.
The second trade was more interesting. I set a take-profit order at 3250 when opening the position (my teacher originally suggested 3260, but I missed out on 10 points, which was a bit regretful), and finally gained 80 points. This trade made me realize how important it is to set take-profit levels in advance— it can prevent many unnecessary psychological fluctuations.
The third trade was a short at 3250. I exited around 321x myself, earning 40 points. I saw many people who didn’t exit in time and got hit at 3280, resulting in losses, so I still feel a bit fortunate.
The fourth trade was more stressful. When my teacher called to short at 3290, many followers entered the trade, with some opening at 3303, 3305. I wanted to wait for a better entry point, but the market didn’t turn back, and it continued downward. Although I still held half of the original position, I managed to gain 50 points on this trade.
Total for four trades: 55+80+40+50=225 points. Although the capital was not large, the overall return on the total position was 20%. The biggest takeaway from this process is that strict stop-loss and take-profit discipline is more important than chasing every point.