Yesterday, I closed my ETH short position at 4644, which I had opened at 4666. At one point, the trade showed an unrealized profit of 9,500 when ETH dipped to 4025. I initiated the position on August 14 in alignment with HP-b7ab’s strategy. While the HP whale continued to hold his BTC short, I decided to exit after Powell unexpectedly shifted his monetary policy stance.

By closing, nearly all of my floating gains were wiped out. I wasn’t in the best condition at the time, but this morning I felt relieved to see ETH trading at 4850—closing early spared me from significant losses and a potential short squeeze. I may consider re-entering with a BTC short at HP-b7ab’s entry level.

Reflecting on this trade, I realize I should have shorted BTC instead of ETH. Spot and futures markets behave differently, and my ETH short was influenced by RB-0913, who sold his ETH spot holdings between 4100–4400 after buying at 1600. His past success in timing ETH’s declines biased my decision. Although ETH initially fell harder than BTC, its rebound was also sharper, which worked against my position.

Another key lesson is the importance of a trailing stop-loss. Futures contracts are notoriously volatile, and relying solely on predefined strategies left me exposed. A dynamic stop would have secured profits during the downturn.

In the end, although I avoided a deeper loss, the experience reinforced the need for discipline, proper instrument choice, and risk management.

Yesterday, I closed my ETH short position at 4644, which I had opened at 4666. At one point, the trade showed an unrealized profit of 9,500 when ETH dipped to 4025. I initiated the position on August 14 in alignment with HP-b7ab’s strategy. While the HP whale continued to hold his BTC short, I decided to exit after Powell unexpectedly shifted his monetary policy stance.

By closing, nearly all of my floating gains were wiped out. I wasn’t in the best condition at the time, but this morning I felt relieved to see ETH trading at 4850—closing early spared me from significant losses and a potential short squeeze. I may consider re-entering with a BTC short at HP-b7ab’s entry level.

Reflecting on this trade, I realize I should have shorted BTC instead of ETH. Spot and futures markets behave differently, and my ETH short was influenced by RB-0913, who sold his ETH spot holdings between 4100–4400 after buying at 1600. His past success in timing ETH’s declines biased my decision. Although ETH initially fell harder than BTC, its rebound was also sharper, which worked against my position.

Another key lesson is the importance of a trailing stop-loss. Futures contracts are notoriously volatile, and relying solely on predefined strategies left me exposed. A dynamic stop would have secured profits during the downturn.

In the end, although I avoided a deeper loss, the experience reinforced the need for discipline, proper instrument choice, and risk management.