1. Recently, some altcoins have been driven up by various news, and emotions are definitely impulsive and filled with FOMO. Therefore, a reminder to myself: do not act impulsively, this is not a good time; it’s all driven by emotions. Emotions can dissipate easily.

The biggest test for trading is timing, and timing is the hardest part, unless the market makers know how to operate.

2. Today, $BONK launched a platform, and both Solana and Raydium officially supported it. In an instant, Bonk was pushed up, and I took a short position because the underlying of the launch platform is not established. Everyone is already accustomed to the existing launch platforms; the BSC chain has put in so much effort but hasn't succeeded, let alone others.

Moreover, the meme coins issued by the launch platforms themselves have no value. They are all driven by emotions and will not bring new wealth increment; it’s essentially PVP. So even if there’s a pump, it won't last long.

3. Today, I also opened a hedge position in the AI sector, shorting the AI coins that have risen too high, generally those with low market capitalization. It looks okay so far. Just in the future, when opening hedge positions, it’s better to do it in small amounts multiple times. Because generally, the liquidity of altcoins is too poor, and directly opening the target position would incur too much slippage.

Today, the fee at $ALPACA was really nice. Moreover, I also made a test trade, directly opening a naked long position around 0.18 on Binance, and just checked the increase of 50%, not to mention, and the funding rate is almost 20 points.

Short sellers are going crazy. This is a classic short squeeze, and the market makers must hold a lot of chips to act so recklessly. Everyone, please be cautious.