Brothers! Don't play dead when your short position is trapped! Today I will teach you 4 skills for a comeback, especially the last one that even seasoned traders call professional!
First Skill: Cut Losses When Necessary! When the K-line surges up like a raging bull, and the 5-minute line doesn’t look back, don’t hesitate and cut your position! Remember, in the contract market, the worst thing is to stubbornly hold on; liquidation can happen in an instant. What's even bolder is to open a long position immediately after cutting your short position, let the market makers work for you!
Second Skill: Dance in a Volatile Market! If you see prices jumping up and down like dancing? This is your opportunity! Reduce your position at high points, buy back at low points, and use grid trading to gradually lower your cost. This skill is most suitable for coins like ETH that love to create patterns!
Third Skill: Increase Position at Resistance Levels! When the price hits a weekly resistance level or Fibonacci 0.618, boldly add to your position in the opposite direction! Use the pyramid method to average down your costs; once the pullback signal appears, it’s your moment for a victorious escape!
The last and most ruthless skill: Open Both Long and Short Positions! If you are already trapped with over 30% loss but feel that the bull market isn’t over, what should you do? Keep your short position intact and use double the funds to open a long position as a hedge. When the profits from the long position are enough to cover the losses from the short, just close it and walk away! Master this skill, and even the market makers will offer you a cigarette!
Finally, here are three life-saving maxims:
1. Set your stop-loss line 3% below key levels, it’s not just decoration!
2. Leverage ratio = your acceptable loss ÷ market volatility
3. Liquidation price = opening price ÷ (1 - margin rate), engrave this formula in your DNA!
Remember, in the contract market, playing dead is the dumbest choice.
Either decisively cut losses or make a comeback; lying down waiting for a rescue? The grass on your grave is already two meters high!
I am Crypto Yungxi Fei, serving only those with vision and ambition!
