0625 Blue Star Trading Notes Part 1
I woke up in the morning and opened Binance to check the market. ETH failed to rebound and hit 2500. As a representative of altcoin sentiment, if ETH can't go up, other coins will find it even harder, so I decided to open a short position.
When opening positions, there should be at least a 3:1 risk-reward ratio.
I have gradually opened 10x short positions on farcotin, 20x short positions on kaito, and 20x short positions on moodeng. The positions are all very small.
The take-profit and stop-loss points have all been set.
If it hits the stop-loss point, let it go with the wind and wait for the next opportunity.
If you see more than 50% profit when you are not busy, set a limit order to protectively stop-loss at a 50% retracement.