#BTC #ETH

Taking orders and opening positions oneself are truly two different mindsets, especially regarding the strategies for both the left-side top and bottom;

Fans who have followed me for a long time know that I personally open positions without a stop-loss, using a phased position increase strategy. If it blows up, I just wait for the next time. Currently, my Ethereum short position has a maximum floating loss of 60,000 USDT, and at its lowest point, a floating profit of 200,000 USDT, but the orders I took are currently losing 30%;

The root cause is one is the strategy issue, and the other is the mindset issue. Because I primarily focus on left-side positions, not using a stop-loss is often the best stop-loss strategy. Risk control relies on capital allocation, not on pursuing comprehensive risk control for every single order. If it's truly wrong, then that part of the capital is just blown;

For taking orders, one can also do this, but the actual execution is quite challenging because many people are not able to accept the view that blowing up means a stop-loss. Additionally, many cannot achieve the process of taking multiple blows before taking off again, so taking orders requires a higher trading rhythm and mindset, and it also needs a bit of luck;