$DOGE shares why I chose to hold positions as a trading strategy.

Initially, I was trading on OKX, and my first big profit was from buying 100 SOL at 16, holding for a year, and selling at 140. My second big profit was from buying a meme coin in the SOL ecosystem, buying in at 0.85, continuously averaging down and selling high, holding for a year, and eventually selling all at 0.9.

Later, I became unemployed, and the pressure of life increased, so I started trying some short-term, high-frequency trading, ultimately losing most of my profits, where fees accounted for nearly half of the losses.

Then I happened to encounter Binance's USDC fee-free trading event (the last time this event happened was last year, but I don't remember the exact date), so I switched to Binance, but later faced another liquidation.

I took a long break without finding a job and didn't want to work after such a long rest, so I returned to trading in January this year, but still lost more than I won.

Reflecting on my trading experience, every time I made money, it required a period of holding positions. Suddenly, I understood what they meant by 'slow is fast.'

So it's not that I can hold, but rather that's my strategy; rather than losing all my capital in guessing market directions, it’s better to invest long-term with expectations. Even if it ultimately goes to zero, at least for me, the process is calmer.

(The significant profits from meme coins are mostly due to luck, but looking back, at least breaking even is likely. Many meme coins tend to pump when their market cap is below 50 million or 10 million. The lower the market cap, the easier and quicker the pump. Learning from my experience with meme coins, this time I chose the mainstream coin DOGE to hold.)