With only about ten days left until the New Year, I reviewed the earnings records from the past three months and found that the return rate based on a principal of $10 is still worth looking at.
In the past three months, I have gone through many hardships: I had a position of $10 that got liquidated, and I once managed to turn an initial capital of $1000 into a loss of $10,000. Each loss became a lesson, and each profit was hard-earned.
Some people often say "Open a position, take a little profit, and then leave". When I hear this, I want to ask - do you really understand the trend?
In fact, eating a little and running away or leaving the market with a stop loss only applies in one situation, which is when making left-side trades. For example, if a certain coin is in a bullish trend that does not break, would you dare to short it? Usually, shorting at this time is just betting on its pullback; you can only take a small portion of the market. Why wait for it? Many traders who continue to short even after it has risen several times understand this principle better than I do.
The trading system is not necessarily suitable for you to make money. My model may not work for you, and vice versa. I do go all in, but only in two situations - when prices go particularly crazy or when the whole network is in fear. In such market conditions, I will set full stop losses to place my bets.
I didn't fully capitalize on the opportunities of Ethereum at $1300, SOL below $100, and Bitcoin at $73000, because my stop-loss triggered and wiped out my positions. Otherwise, my account size wouldn't still be calculated based on a $10 foundation to measure returns.
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ShibaOnTheRun
· 19h ago
It's the same old story again. I've seen too many returns inflated by a 10 yuan principal. The key is how to survive during the drawdown; that's the real deal.
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SchrodingerWallet
· 19h ago
The stop loss wiped out my position, it's really unbelievable. Clearly it was the right direction, but I was forced out.
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DegenDreamer
· 19h ago
The stop loss and closing positions are something I feel very strongly about. Sometimes it's just that little bit away from To da moon.
With only about ten days left until the New Year, I reviewed the earnings records from the past three months and found that the return rate based on a principal of $10 is still worth looking at.
In the past three months, I have gone through many hardships: I had a position of $10 that got liquidated, and I once managed to turn an initial capital of $1000 into a loss of $10,000. Each loss became a lesson, and each profit was hard-earned.
Some people often say "Open a position, take a little profit, and then leave". When I hear this, I want to ask - do you really understand the trend?
In fact, eating a little and running away or leaving the market with a stop loss only applies in one situation, which is when making left-side trades. For example, if a certain coin is in a bullish trend that does not break, would you dare to short it? Usually, shorting at this time is just betting on its pullback; you can only take a small portion of the market. Why wait for it? Many traders who continue to short even after it has risen several times understand this principle better than I do.
The trading system is not necessarily suitable for you to make money. My model may not work for you, and vice versa. I do go all in, but only in two situations - when prices go particularly crazy or when the whole network is in fear. In such market conditions, I will set full stop losses to place my bets.
I didn't fully capitalize on the opportunities of Ethereum at $1300, SOL below $100, and Bitcoin at $73000, because my stop-loss triggered and wiped out my positions. Otherwise, my account size wouldn't still be calculated based on a $10 foundation to measure returns.