SONGANH10121903
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FUTURE A few words about it
1. Previously, I only shorted for a few simple reasons:
- It’s hard to go up, but going down is much easier; as long as the market has bad news, it collapses immediately.
- If it goes up, it must come down; it can't keep going up indefinitely.
=> Now I adjust a bit: I still believe the reasons above are correct, but on the condition that your capital is strong, and you can DCA comfortably! With little capital, using high leverage, and trading large volumes, then when it drops, you will have burnt your account many times over!
I don’t dare to advise, but in my opinion, you should look at the TREND, don’t try to stop the train!
2. Holding losses, holding profits: Surely about 80-90% of us are better at holding losses than holding profits! Earning 100 USDT feels sufficient, but if you lose 10 USDT, the mindset is already unpleasant; you have to hold on to at least break even, not accepting a loss! I’m the same; of course, there are times I hold losses, DCA in various ways, and in the end, I break even, or even profit! At that moment, it feels really good! :), but then one day, you will burn out for sure! Unless you have a lot of money and DCA reasonably!
In my opinion, whether in profit or loss, it’s necessary to have a stop loss; always set the SL before entering a Long/Short position and then adjust based on the situation:
- If you’re losing, just let it be; when it hits SL, then accept it.
- If you’re winning: take profit or move the Stop Loss up, ensuring you always make a profit and continue to hold onto the profit!
A few words of sharing from myself, the writing may be awkward but it’s sincere!
Wishing everyone a happy weekend!
1. Previously, I only shorted for a few simple reasons:
- It’s hard to go up, but going down is much easier; as long as the market has bad news, it collapses immediately.
- If it goes up, it must come down; it can't keep going up indefinitely.
=> Now I adjust a bit: I still believe the reasons above are correct, but on the condition that your capital is strong, and you can DCA comfortably! With little capital, using high leverage, and trading large volumes, then when it drops, you will have burnt your account many times over!
I don’t dare to advise, but in my opinion, you should look at the TREND, don’t try to stop the train!
2. Holding losses, holding profits: Surely about 80-90% of us are better at holding losses than holding profits! Earning 100 USDT feels sufficient, but if you lose 10 USDT, the mindset is already unpleasant; you have to hold on to at least break even, not accepting a loss! I’m the same; of course, there are times I hold losses, DCA in various ways, and in the end, I break even, or even profit! At that moment, it feels really good! :), but then one day, you will burn out for sure! Unless you have a lot of money and DCA reasonably!
In my opinion, whether in profit or loss, it’s necessary to have a stop loss; always set the SL before entering a Long/Short position and then adjust based on the situation:
- If you’re losing, just let it be; when it hits SL, then accept it.
- If you’re winning: take profit or move the Stop Loss up, ensuring you always make a profit and continue to hold onto the profit!
A few words of sharing from myself, the writing may be awkward but it’s sincere!
Wishing everyone a happy weekend!
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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