#TradingTips101

$WCT

Let's consider the situation using my example:

Against the backdrop of a rising market and the hype around the WCT coin, I bought it at $11.3 during a pullback in spot trading (entry — 1/5 of the deposit, to leave a reserve for averaging or maneuvering).

In spot trading, you cannot sell a coin if it is not in your account. You can only sell after purchasing, and the trading strategy in spot trading comes down to: "Buy cheaper, sell higher".

I expected a growth of a couple of percent, but the coin immediately crashed by 50%. Do you think I panicked? Not at all!

The chart analysis showed that the drop is just beginning. Here is my plan of action to preserve P&L:

1. Spot position: I canceled the sale and transferred the coins to Earn (APR 16.86%) to receive passive income in WCT.

2. Futures: I took another $10 (1/5 of the deposit) and opened a short with 75x leverage. Selling at $20 required a margin of only $0.24, while the current unrealized profit is +1502%!

3. Hedging: I periodically open opposite positions to avoid funding fees and lock in profits. Now I am fine with any movement — I just need to close the right position at the right moment.

Conclusion:

- Spot: Hold + passive income.

- Futures: The short compensates for the loss and brings profit.

How do you act during a drawdown in spot trading? Share your strategies in the comments!