To go from 20u to 330u, only two key trades are needed, and the stop-loss orders are all meant to serve these two trades. 1. The first trade was a long position. At that time, I judged that it would rise again; it couldn't just drop directly. There would be a significant pin bar. When it first dumped, it hit my stop loss. I thought that this was the last pin before the rise, and I replenished my position. Additionally, it kept rising. I rolled over the position twice and added to my floating profit twice, eventually increasing my position to 700 USDT. The final pin hit my take profit at 0.092, making a nice profit of 100 USDT. Since my capital was small at the time, even if I lost, it would only be that 20 USDT, so I directly rolled over the position. However, I do not recommend everyone to use this strategy in real trading; adding to a position with floating profits can result in losing everything, and it can only be said that it was good luck. 2. The second trade was a short position. At that time, some bears had already entered the market to short at 0.09, but I didn't know how much it could rise since it was at a new high. So, I didn't short. I waited until there was a selling signal and then opened a short position. The experience of shorting was quite poor; the old funds kept retracing my stop-loss. I lost several trades at that time, and my principal was reduced to only 50u. However, I did catch the last wave of the drop below 0.05, and I took profit at the lowest point. There were continuous retracements; I even added to my position once more, but I also added at the low point, which was quite frustrating. Then when it came to the second test of that bottom position, it didn't reach my take-profit price, so I directly closed my entire position at market price. This short operation also rolled once, yielding a profit of 200u. In summary, when doing altcoins, focus on one-sided trades, always set stop-losses for one-sided trades, and avoid averaging down on altcoins; do not stubbornly hold onto losing positions.
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Review $PIPPIN
To go from 20u to 330u, only two key trades are needed, and the stop-loss orders are all meant to serve these two trades.
1. The first trade was a long position. At that time, I judged that it would rise again; it couldn't just drop directly. There would be a significant pin bar. When it first dumped, it hit my stop loss. I thought that this was the last pin before the rise, and I replenished my position. Additionally, it kept rising. I rolled over the position twice and added to my floating profit twice, eventually increasing my position to 700 USDT. The final pin hit my take profit at 0.092, making a nice profit of 100 USDT. Since my capital was small at the time, even if I lost, it would only be that 20 USDT, so I directly rolled over the position. However, I do not recommend everyone to use this strategy in real trading; adding to a position with floating profits can result in losing everything, and it can only be said that it was good luck.
2. The second trade was a short position. At that time, some bears had already entered the market to short at 0.09, but I didn't know how much it could rise since it was at a new high. So, I didn't short. I waited until there was a selling signal and then opened a short position. The experience of shorting was quite poor; the old funds kept retracing my stop-loss. I lost several trades at that time, and my principal was reduced to only 50u. However, I did catch the last wave of the drop below 0.05, and I took profit at the lowest point. There were continuous retracements; I even added to my position once more, but I also added at the low point, which was quite frustrating. Then when it came to the second test of that bottom position, it didn't reach my take-profit price, so I directly closed my entire position at market price. This short operation also rolled once, yielding a profit of 200u.
In summary, when doing altcoins, focus on one-sided trades, always set stop-losses for one-sided trades, and avoid averaging down on altcoins; do not stubbornly hold onto losing positions.