Market Observations: A Time for Rest and Reflection

Waking up to see Gate's futures market dipping below 2600 again, it seems this downward trend has been persistent. The back-and-forth trading has been quite draining, so I've decided to stay out of the market today. Instead, I'll focus on withdrawing funds and waiting for a potential pullback - a much-needed break for myself.

Last night's trading session on Gate's futures was particularly taxing, with constant price fluctuations. Although I missed the final move, I'm grateful the market still yielded a few hundred units of profit. At the current position of 2578, I'm hesitant to short, so I'll continue to observe the market dynamics.

Reflections on Recent Trading

Yesterday's volatile market presented arguments for both long positions at the bottom and shorts at the top. I took a short position during dinner time, while others who went long at the bottom also profited. The real challenge comes when one shorts at the bottom and goes long at the top - that's when it truly hurts.

Lately, I've been inclined to trade in line with the downward trend. There's a nagging feeling that this pullback isn't quite complete. Looking at the 4-hour chart around 2550, which was previously a breakout resistance, the key question is whether this support level will hold. If the short positions can't maintain and incur losses, and if the long positions can't hold, it may trigger stop-losses.

My Trading Strategy

As a trader who operates in segments, my approach is straightforward: if the price breaks down, I'll close part of my position. If it recovers to the previous level, I'll add to my position. If it returns to the entry point, I'll stop out. This strategy, which I call the "Security Day Furnace" approach, has been serving me well. While the overall sentiment leans bearish, for short-term trading like mine, there's no absolute direction. However, at 2578, I'm genuinely hesitant to short.

Personal Reflections

I woke up with a stiff neck today, which feels like a bad omen. Instead of entering the market, I'm planning to take it easy - perhaps do some grocery shopping and cook a meal. It's been a while since I've cooked at home; since May, I've only done it once, as my mind has been preoccupied with the market and profit-making. Fortunately, those efforts have paid off.

Recent Financial Activities

Lately, I've been focusing on withdrawing funds, with rest as a secondary priority. In May alone, I've managed to withdraw around 150,000. Apart from a significant withdrawal of 3000 units, the rest has been gradually withdrawn for my loyal followers. It's a stark contrast to April when I was losing money daily. After accounting for losses, my net profit for May should be around 100,000.

Changing Perspectives

It's interesting how my feelings towards Gate's futures market have evolved. In April, I despised it, but now I've grown fond of it, mainly due to the profits it's generated. The day before yesterday, the combination of different trading pairs on Gate brought in a profit of 5000 units, though yesterday's profit was less than 400 units. My recent profits have been in this range, reminiscent of when one futures contract was at 1800 and another at 10500.

Now, I can finally enter rest mode and take a well-deserved break. It's crucial to step back, reflect, and recharge before the next trading cycle begins.