Trader Eugene released a summary of recent SOL transactions: No timely stop loss, ignoring the stop loss point

Trader Eugene Ng Ah Sio published a summary of recent SOL transactions. After perfectly going long on BTC from $102,000 to $107,000, he decided to transfer the profit to long positions in SOL and the SOL ecosystem. The entry point at that time provided a moderate risk-reward ratio (r/r), specifically: going long on $220 SOL, $2.75 WIF, and $0.037 BONK. This was based on SOL's strong performance on the low time frame (LTF) and the confidence brought by the success of several previous transactions. When the BTC market began to turn at 108k, I didn't like the trading performance of some meme coins, so I decisively closed the poorly performing assets and accepted an acceptable loss (which was the right thing to do). However, instead of closing the SOL position, I chose to increase the position from $20 million to $30 million. This led to the formation of the first mistake. Mistake 1 was not stopping loss in time: Usually, you should exit the position in time when it starts to lose strength to avoid greater losses. However, this time, I chose not to stop loss when SOL fell to $215. Although I thought the market would fluctuate downward before and after the FOMC meeting, my bias overwhelmed logic. $200 is a key support level for SOL, and it is very close. I didn't want to be "cut" by the market because I tried to catch a 5% fluctuation. When SOL fell to the $200 support level, I further increased my position from $30 million to $45 million, arguing that the risk-reward ratio of the high time frame (HTF) support level was the best. Mistake 2 was ignoring the stop loss point: When SOL fell below $200, the clear operation should be to close the position as planned. However, I chose to continue holding because the position size was so large that if I closed the position at this time, it might trigger a waterfall drop in the SOL price to $190 and destroy the entire chart. At this point, I started to have "hopium" and thought "maybe there will be a lower shadow that breaks support and then rises back up." This mentality is definitely a red warning sign. In addition, when the price fell below $200, I added leverage in the $187-$193 range, expanding the position size to nearly $60 million (total account leverage reached 1.2 times), which was obviously a wrong operation, and the mistakes began to accumulate. Fortunately, there was no complete "black swan" event, and I was not punished more for it.