Review $LABUBU Failed bottom-buying operation: Profit retracement from 1WU to 1800U I've seen a lot of successful cases, and today I'm going to talk about the failure cases, I hope my lessons can inspire you. At present, my three-stage bottom-buying operation in $LABUBU is undoubtedly a failure, and even if the price rebounds later, my operation still fails. The core reason for the failure: excessive greed, and the overconfidence brought about by the first few successful trades, led me to make irrational actions Review of Failed Operations: $LABUBU When the price rose to 60M in the second stage, I sold most of my chips around 55M and locked in most of the profits. However, after that, at the three points of 45M, 37M, and 28M, I carried out three failed bottom-buying operations in succession, which led to a significant retracement of the overall profit from 1WU to 1800U 45M bottom-buying logic: It is believed that Dog Zhuang still holds a large number of chips, and the subjective judgment has been fully washed, and the probability of returning to the previous high in the short term is higher. 37M bottom-buying logic: the hourly line shows a sideways stabilization signal, try to enter the left side to win higher returns. 28M bottom-buying logic: from 32M to 28M in the process of falling significantly, judging that the dog village is carrying out the last wave of panic shuffling, intended to wash out the unfirm chips, so the left side of the market again. The common denominator of these three operations is that they are all left-side transactions, the pursuit of high returns, and in the final analysis, greed Other lessons Ignoring the characteristics of the market: $LABUBU is a project in which the winter card participates, and the urine nature of the violent washing of the winter plate is well known. In this kind of plate, trading on the right side is the safer option. Although the right side may make less money, it can effectively avoid losses. Insufficient analysis of the characteristics of the subject: $LABUBU The trend is highly correlated with WEB2 and is greatly affected by the news surface. Recently, the official 618 surprise replenishment of Bubble Mart has led to a sharp drop in the price of the secondary market, and the scalper market is full of mourning; At the same time, the media used the high-level reduction of stock holdings to make a fuss about FUD to further suppress the stock price. Although in the long run, the suppression of scalpers will help improve the brand image of Pop Mart and allow consumers who really love IP to buy products at official prices, the short-term FUD has a significant impact on market sentiment. About the future of $LABUBU Pop Mart is expected to become a big IP for long-term development, and $LABUBU also has the potential to become a long-term target. (However, the current market environment is impetuous, and I personally do not want to grow 🤣🤣🤣 slowly with it) Summary of failures Position management error: At 60M, my estimated target is near the previous high of 70M, theoretically there is no need to eat the exact increase of 60-70M, at least 85-90% of the position should be sold. But in reality, I only sold 70% and missed the opportunity to lock in more profits. Lack of trading discipline: Buying bottoms on the left side many times is too aggressive, especially after the first left trade fails, and still continues to operate on the left. Especially in the winter session, trading on the right side is a more sensible choice. A little insight I hope my lesson will give you some inspiration. Recently, the market liquidity has been extremely poor, and it is difficult to find a second-stage opportunity to double in the short term. The next two days were the weekend, and I played outside for a week without any operation, and continued to "sit and sit" after returning home on Monday It's not terrible to fail, it's scary to not know the reason for failure and make the same mistake again