If you complain when the market moves up and down by 300 points in a day, do you expect it to only move up by one point to meet your trading style?
欧皇浩浩
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Once the non-farm payroll data came out yesterday, the probability of a rate cut in July approached zero, and basically all the news is bearish. The spike yesterday was purely to liquidate the short positions; there were just too many shorts, causing the prices to stay high. However, July is still early, and the real market movement should start around September when the rate cut happens. There will definitely be a correction during this period; even if they push the prices higher to liquidate the shorts, I believe there will be a correction. So I am currently holding some positions in altcoin shorts. If they continue to push it up, I will keep adding to my positions to average down. There isn't much space above; I just can't afford to leverage too high. I used to use 50x leverage, but now I only want to use 5x. Other than Bitcoin, everything else is hard to play, especially Ethereum, which is too volatile. It can rise 300 points in a day and also fall 300 points. When I only traded Bitcoin, my win rate was still 80-90%. Ever since I got into Ethereum and other altcoins, I really couldn't figure it out, and I blew up several times, all with Ethereum and altcoins. Now I'm being very cautious; besides Bitcoin, all my leverage is 5x. Although this way of playing is a bit slower in terms of profit, it is truly safe. Only those who have experienced liquidation can understand my feelings. Sometimes, if you are not losing money, you are already making money. If you can make money steadily, that’s truly impressive. #非农就业数据来袭
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