【Tenfold Real Account Challenge Binance ALPHA Short】 (Day Eight)
——As long as Binance Alpha has contracts, go short
——Challenge to earn 50,000 U from 5,000 U (3x leverage per coin per position)
Today's total amount: 4,616 U (Today -510 U Total -384 U)
Currently shorting eight tokens $B $PORT3 $NEWT $SPK $newt $OL $sahara $home
Going long $BOB
Previously, I was shorting at 900 U per single coin position with 300 U margin, after today, I will consider 1500 U per single coin position with 500 U margin for shorting.
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Daily Operation Preparation and Reflection:
1⃣、 I lost a big amount shorting $DMC earlier, and with other coins retracting, I actually started to incur floating losses, which made me deeply reflect:
Firstly, the earlier shorting positions were not in place, many coins dropped but only made a little profit;
Secondly, I chose to mark the range, surprisingly, I shorted $bananas31 in the past few days, strong coins should not be shorted, only weak alpha coins can be shorted;
Thirdly, many alphas have already dropped a lot (over -30%), so there's no need to short anymore, take profits in time, and don’t consider further rebounds, as there will always be new coins launched.
2⃣、 Improvement Summary:
- Position: Short any coin with full force (never short a little first and then add positions later)
- Coin Selection: Only choose alpha coins that have recently launched contracts and haven't dropped much; short immediately if the launch has no negative interest rates, wait for high negative rates to weaken before shorting, especially those that accumulate every hour.
- Position: Don't always think about selling at the highest point, weak varieties will continue to drop;
3⃣、 Small Tips
With the significant rise of $H, I found that going long really makes money faster than going short, so which alpha coin can I go long on?
Previously, I didn't short $H because I noticed its unusually high negative interest rates when it was at a low position. So I summarized that alpha coins that have already dropped significantly, have a very small market cap, and have unusually high negative interest rates can be tried for going long. So now I am trying to go long on $BOB.