Many people ask me why I don't close my position when I see floating profits. To be honest, closing and then entering again doesn't make much sense and only increases transaction costs. My approach is to take a portion of the profits while keeping the key position intact. When the market pulls back, it actually presents an opportunity to increase the position, which means I won't miss out and can lower my costs. Of course, this strategy has a prerequisite—you need to have a clear judgment of the trend and can't just go with your gut.
Last week, after this operation with ETH, the account has an unrealized profit close to 30,000. Although there is a possibility of missing out on a few tens of thousands sometimes, I have always stayed in the market and haven't been shaken out by the wash trading. This sense of holding is the most solid.
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DegenWhisperer
· 4h ago
This logic has no issues; I'm just worried that when holding a 30,000 float profit, the mindset might explode.
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OffchainWinner
· 12-23 02:38
This idea is really amazing, not playing people for suckers means a winner's mindset.
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NotFinancialAdvice
· 12-23 02:31
I have this mindset, not pursuing every penny, just afraid of that feeling of being whipsawed out.
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RugpullTherapist
· 12-23 02:31
This guy is not wrong, the fees are really an invisible killer, frequently closing positions is just feeding the exchange.
Many people ask me why I don't close my position when I see floating profits. To be honest, closing and then entering again doesn't make much sense and only increases transaction costs. My approach is to take a portion of the profits while keeping the key position intact. When the market pulls back, it actually presents an opportunity to increase the position, which means I won't miss out and can lower my costs. Of course, this strategy has a prerequisite—you need to have a clear judgment of the trend and can't just go with your gut.
Last week, after this operation with ETH, the account has an unrealized profit close to 30,000. Although there is a possibility of missing out on a few tens of thousands sometimes, I have always stayed in the market and haven't been shaken out by the wash trading. This sense of holding is the most solid.