Relying solely on toughing it out is just a joke; there must be one's own ideas involved. I am not just holding positions, nor am I randomly increasing my holdings. First, my position will not be liquidated regardless of how much it drops (shorting has a liquidation price, while going long just requires good position management; I can sleep soundly no matter how much it drops). Second, before the sharp decline, my operations and fee earnings had already made me over two thousand dollars.
In summary, it’s important to control positions reasonably. I started buying long at 0.12 and increased my position down to around 0.09. One thing I can confirm is that if MYX rises, it can definitely reach around 0.13, and at 0.13, I would achieve my desired profit. Therefore, I did not continue to add positions to lower my cost. Of course, there is a more important reason: I am unsure if it will rise. If it does not rise in the short term, continuing to add positions will not lead to liquidation, but I will keep incurring fees. Fees are deducted every hour, and over 24 hours, that adds up.
Do not believe those who, after opening an Ant position and winning, say they will lead you to make money. It is crucial to have your own trading logic and then to manage emotions and positions reasonably.
