Starting capital of 150u for spot trading on the 15th day, today the capital is 1113u. Today I will share some practical tips with you, on how to short altcoins correctly (this is just my personal opinion, if there are differences in views, it's up to you 🥹). The first is position management: trading altcoins is very unstable, and price levels are relative. For example, if you think the price is high enough and you go all in short, you might find that it gets pumped up again by the whales, turning a good position into a halfway point. Therefore, it is crucial to have strict position management when trading altcoins. Altcoins that have no inherent value will eventually drop back down regardless of how much they are pumped. When you believe the price is relatively high, you should short with a light position and widen the gap for averaging down. Even if you miss out, do not increase the risk of being liquidated. If your position is heavy, reduce it near the cost level; this is a more prudent approach.

The second point is to be clear about your own positioning: are you a short-term trader or a medium to long-term trader? This is very important. I do not recommend trading altcoins on an ultra-short-term basis because they are heavily influenced by the subjective factors of the whales. Technical indicators may fail, and it becomes a matter of luck. If you are referencing the 3-day K, weekly K, or even monthly K, do not watch the market every day; just hold on. When the timing is right, average down as needed. Some brothers see that the weekly K is already overbought, go all in, and then the weekly K hardly moves while the daily K skyrockets, ending up getting liquidated. So if you trade on a weekly basis, focus on the weekly chart; if you trade on a daily basis, focus on the daily chart. If you lack the patience, do not trade long-term. Sometimes I trade on a 4-hour basis, 30-minute basis, or weekly basis. I am not worried about floating losses on the weekly chart; the 30-minute trades require quick entries and exits. Overcoming greed and achieving unity of knowledge and action is essential for making money.

The third point is to pay attention to the funding rate. Some coins charge a funding fee every hour, with a -2% fee, and the whales may be just sitting at high levels eating your fees. It's uncomfortable, isn’t it? You should avoid these extremely risky coins. The altcoins you short should have no actual value and a reasonable funding rate. These points I consider important, and I can provide some coins for reference on trends: om weekly K, wct 12-hour K, auction monthly K/weekly K, layer 3-day K. Looking at the Bollinger Bands and RSI indicators is quite effective; for altcoins, reduce the RSI by 10-15 points.