Day 48 of Sanstone Notes The first time I set a cooling-off period for take profit.

#比特币行情观察
The account balance returned to 5000U,
After taking profit three times today, I set a one-day cooling-off period.
No trading today.
Recently reflected on the three reasons for losing money in past operations:

1. Random Trading
Did not execute according to the strategy.
The current trading system has a win rate of 0.67,
Average profit and loss ratio is 2.5,
Each trade is expected to be positive,
It is an executable strategy.
Random trades without seeing signals will always happen,
Led to a distortion of mindset and operations.

2. Revenge Trading
Especially during the pullbacks when making profits and when losing money.
Always thinking about quickly recovering through fast and multiple trades.
The failure of a single trade will not shake the foundation.
but because of continuous revenge trading, the account was wiped out.

3. Full margin betting
turned the probability game into a roulette game,
Every time I come up, it's a full-scale assault.
Successful 99 times but failing once will bring it to zero.

Setting a cool-off period after taking profit three times today is still useful,
The cash account is not affected.
Recently, I have also been participating in simulated trading.
The 50,000 U simulated funds have reached 200,000 U,
The floating profit has been hit by a rebound, leaving only ten thousand.

The biggest opponent in trading is still yourself. Let's encourage each other.