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Posting a summary of my trading insights over the past six months:
1. I started trading futures in April this year. I was very resistant at first; people around me always said that futures inevitably lead to liquidation and zeroing out.
2. In April, I began using the valuescan tool, and gradually saw how it became more and more useful. I firmly believe in its potential and future. ( I am not part of the project team )
3. Using VS to monitor institutional funds, I went long on ETH all through April. I caught every major trend, although I also got liquidated many times, once wrong on the direction, and a few times involved in meme coins. The good thing is I withdrew all my profits, and the liquidations involved small amounts. Overall, I am profitable.
4. Later, I slowly learned to draw support and resistance levels, gradually refined my trading system, and became more familiar with using valuescan. My win rate also increased.
5. What I can do now is ensure every trade I make is based on an opportunity I understand. For markets I don’t understand, I hold back from trading and wait for good opportunities.
6. Now, I am satisfied with my win rate, drawdowns, and entry prices. Everything is continuously improving under the right tools and system.
7. To sum up, after six months of learning and upgrading, I believe I am now at an entry-level stage.