40U Challenge to 4 Million U
The third post of the first week, this series updates three times a week, with a daily summary post at the end.
Currently, the account balance is 361U. The last post showed 431U, so there has been a drawdown of 70U.
This 70U drawdown consists of two parts: losses from positions already closed and unrealized losses from current holdings.
First, the closed positions.
Part one:
ENA position opened this Thursday with 250U at a cost of 0.2U, then quickly dropped to 0.195, so I stopped loss, losing 6U.
Then last night, I opened a NEAR position with 250U at a cost of 4.808, which automatically stopped loss at 4.499, losing 16.5U.
Part two,
Current holdings:
ETH position 1250U, unrealized loss 19U
BTC position 750U, unrealized loss 2U
UNI 250U, unrealized loss 9U
ARB 250U, unrealized loss 19U
The total drawdown of 70U is basically composed of the above parts.
First, there were two opportunities to go long in the first three days of this week. At that time, I had not started large position operations, so I did not capture any value during the rebound and did not make a profit. This is not a market issue but a problem with my ability to seize opportunities.
Second, starting Thursday, BTC dropped from 84500 to 80888. I entered BTC and altcoins at BTC 81500, but the altcoins lost 50U.
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