I want to share some recent trading experiences. After the price of this type of coin pumps, there often tends to be a pullback, so I chose to enter with a 5x short order, setting the liquidation price near 10x, the stop loss at around 7, and a take profit target of 2.5. Although I didn't anticipate such a deep fall in the middle of the night, fortunately, the take profit order provided protection, and in the end, I still made a profit.

Observing the traders around, some have made quite a bit in this wave, but others have been hit hard. What's the difference? I think the key lies in the different attitudes towards risk management. Using high leverage with naked trading (without take profit and stop loss) can indeed make quick money, but the risks are also exponential and can easily lead to problems.

Yesterday I also took a few losses in the swing. Looking back, most of the calls on the square are not very logical and can easily trap you. Instead of following the crowd, it's better to trust your own judgment - even if you occasionally lose, you feel more at ease because it's a decision you made yourself.