Top trader Eugene: The market trend in September is still unclear, and I tend to be bullish in the long term

BlockBeats news, on August 27, top trader Eugene Ng Ah Sio posted on social media, "This month's theme - you miss every opportunity you don't catch.

At the beginning of the month, due to the sharp fluctuations of Bitcoin falling to $50,000, I was immediately stopped out. My stop loss point was set above $60,000, and then I tried a long order at $50,000, but was stopped out again. The overall loss was controllable. Later, I successfully caught the bottom on SOL and ETH, and after a stop loss, I got a return of about 10%.

On August 8, I successfully made a large SOL long order, buying at $141 and selling at $157, with a profit of $300 $10,000 and then went back to closing positions.

Due to my long-term bullish bias, the market volatility naturally affected me, causing me to experience some small losses during this period until the recent altcoin rally. In this rally, I really screwed up.

Initially caught the altcoins at the golden entry point, but due to the volatility of the mainstream coins, I took profits early and basically missed the entire rally of WIF/PEPE/FLOKI. It should have been a +25 to 30% gain, but I only achieved 5-7%. Subsequently, I chased the altcoins mentioned earlier on a large scale. Some performed better, some performed worse, and when we lost money to 6.25

This has certainly been a very frustrating month and could have been much more precise in terms of execution. The market has moved very quickly this month and the precision required in execution has been very high and I have not performed up to expectations.

Nevertheless, I will still use the same strategy of going long before the market turns because the reward of being right far outweighs the risk of being wrong.

The market looks uncertain for September and I have no long-term bias for September.