Although everyone understands the reasoning, they still prefer to short at low positions and go long at high positions.

At the square, I saw someone shorting ETH at 1400/1500, reminding me so much of last year when I built a position in Dogecoin at 0.2 and ETH at 3800, both of which ultimately fell by about 50%, wiping out half of my positions and nearly going to zero. Then in the second half of the year, I started a wave of increases and recovered with the remaining positions.

In fact, this psychology is simply about greed and the fear of missing out. Simple trading is about buying when prices are undervalued and selling when prices are overvalued. Patience is very important, and many people lack patience. Many times, even when they know the price is unreasonable, they still have a lucky mentality. Investors must absolutely have patience; this is the lesson I learned this year.

Now, I can hardly open positions more than a few times a year. I will continue to adopt a low leverage long-term strategy.

Originally, I planned to go long Doge at 0.14 and buy 10,000 in spot, then open another 10,000 in coin margin long. I always felt it would still drop, so I only bought 2,000 in spot at 0.16 and 100 contracts in coin margin, which is about 6,000 Dogecoins.

So, my execution is still lacking 😮‍💨 I hope this round will be a violent bull market. As of now, the BNB coin margin has basically returned to break-even, and I’m just waiting for BNB to break through 1000u and even higher!!!

Continue to earn profits, continue to hold, and charge ahead!!!