March 24th Trading Review and Sharing

1. Around 8:20 AM saw $XAU rebound near 4450, wanted to try shorting a retracement to catch the pullback, but watched too late and missed the high. Felt the price space wasn't big enough so didn't take the trade.

2. At 11:45 AM shorted $TAO at 312.4 with a small position. Trade logic: another attempt at the resistance level, breaking the previous high, but with volume at the top and 1H 4H overbought signals, betting on a reversal. After 12:20 it pulled back to around 303, reduced position at 306, kept half position with stop loss at previous high 316.6, ultimately only made enough for a simple meal.

Review: The larger timeframe daily line is breaking through a consolidation in a strong uptrend. Trading against the trend has poor risk/reward. Should set reasonable profit targets before entry, take profits when conditions are met.

3. Watched $BTC $ETH all morning, it kept ranging and drifting down, started an uptrend in the afternoon. At 16:45 PM, was ready to catch a retracement and go long on BTC, then switched to going long 2159, set stop loss at 2149. After the next 15min candle, it directly hit the stop loss and then went up. Review: There were reversal signals around 1-2 PM midday, could have tried going long with small position and small stop loss instead of chasing. When actively monitoring, can move stop loss. If the original plan was long BTC at 70900 with stop at 70700, a retracement wouldn't trigger the stop. Although it came down again at night, at least after going up would set a breakeven stop.

4. At 18:40 PM saw news TOKEN explained as "word element", bought some meme tickets around 37, doubled entry + 20% profit. Letting the rest run to see if it can hit Alpha!

5. Got stopped out twice during the day, didn't want to trade, and current market is at an awkward middle position with limited space both up and down. Observing! #BTC突破71000美元 #行情