A word of advice: don't short meme coins

I lost 40,000 USDT in this trading account, roughly from the Spring Festival to a few days ago, but when the bull market comes, the market is driven entirely by emotions.

Why do I say don't short meme coins? Because you don't know which one can rise to how much; essentially, doubling is certain, and if you short, there's no way to survive. These meme coins have lost 80%, and currently, the one with the largest loss has only lost 20%! In just a short period of three days, the account has regained 20,000 USDT. I've already sold several altcoins; my goal is to break even and stop trading! I need to readjust my strategy.

The risk of buying altcoins is very high; after the bull market ends, you're basically stuck. I am convinced it will come back.

From February to March, it was actually more than two months, and the overall trading lost 50%, which requires a 100% rise to break even. Some altcoins have retraced too much, making it difficult to grasp the market trend, so I have decided to extend the investment period for dollar-cost averaging; once I break even, I will mindlessly invest a certain amount weekly or daily and stop messing around.

(Why did I initially make a large purchase? Because Bitcoin reached a new high at that time, and it was continuously rising, making it really hard not to get influenced. After buying, I made 7,000 USDT, but I didn't sell, and then it dropped all the way down, losing 50%! This is the risk of trading meme coins.)