Last night's market conditions were felt by those who experienced it. The alternation of counterfeit currencies continuously drove prices up, making the market appear harmonious. However, this kind of market is difficult to navigate and can easily lead to losses. If you chase the rise and the entry point is not good, when there is stagnation or a pullback, the mindset will become problematic, making it very easy to cut positions, and then when it rises again, the mindset collapses. If you short without setting a stop-loss, the one-sided market from yesterday can easily lead to significant losses or even liquidation. How to handle this kind of market? My approach is to watch more and act less. If I need to trade, I will ignore coins that clearly deviate from the market trend and find coins that have a relatively high correlation with BTC. This way, the risk is controllable and I can dance with the market. Last night I shorted at 4.1650 $SUI , and 0.52 $AIXBT . These two positions basically closed at par, while AIXBT made 9 points. The results were relatively satisfying. I have a low risk appetite, and I would rather give up than participate in such an extremely unstable market. I believe some made a lot of money last night while others suffered serious losses. I chose to find coins that suit me, avoiding the drastic fluctuations brought by the market, and focused on the advantages of logical trades. In the long run, this will be relatively safe.
Here is the situation of the strategy account and the contract account. The strategy account has made about 90% profit in 9 days with around 20 trades. The detailed data can be found on the homepage. Additionally, you can follow along, as I will regularly share my trading insights here.
