Welcome to Crazy Corey's "1U to 100U" Challenge

Let's talk about recent trading experiences.

This time's 10x return, compared to the last time, has less luck involved. Throughout my continuous participation in the market, my understanding of the market has deepened, and I have gradually established several trading opportunity patterns that I prefer.

However, there are still some issues in operation, the core of which lies in "stop loss." Currently, my stop loss mainly relies on market intuition, and the strategy is "buy on breakout, sell when expectations are not met." I can clearly define the breakout point, but the standard for "expectations" has not yet been clearly quantified, leading to stop losses often being executed based on feeling. The drawback of this approach is particularly evident in extreme market conditions—sometimes I get trapped due to delayed reactions.

To deal with being trapped, I used to employ the "Martingale strategy (doubling down to lower the cost)" at key points (such as after the fifth wave or after an extended wave), which involves increasing investment to lower the average cost and closing the position when the price rebounds to the cost of the added portion. Although I have been successful using this method so far, I am well aware that "the Martingale strategy carries extremely high risks." Especially considering that my funding plan starts from 1U, I will never add funds until I am successful, and even after the future expansion of my capital scale, I will not have the conditions to continuously average down.

Therefore, in the next phase, I am determined to avoid using the Martingale strategy. The alternative will focus on:
1. Partial reduction and replenishment: Reduce positions partially and replenish after stabilization.
2. Stop-loss replenishment: Strictly execute stop-loss, and wait for a more favorable position or clear signal before replenishing the position.
3. Look for new opportunities after cutting losses: decisively cut losses and redirect funds to other opportunities that fit the pattern.