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I closed 80% of my short positions in the past few days (leaving only a few short positions in newly listed coins with high FDV that couldn't be controlled). Let me talk about my scenario for the future. It's unlikely to be accurate, as no one in the world can accurately predict the market. But my trading habit has always been to have a pre-set scenario in mind first, and then take it one step at a time during the trading process.
The scenario: First, a small new low is reached to wipe out those who buy the dips the dip > A rebound begins in February or March > In March or April, the 94,000 resistance level is broken, and the market starts looking for new highs again > A new round of decline begins in April or May. During this phase, I will not open any positions on the major blue-chip stocks, especially breakout trades. If you look back at January to April 2022, you will understand. In the last round, this position was drawn horizontally for more than 100 days. Anyone who dared to play short-term with slightly higher leverage was ground to death. Bear markets are especially bad for frequent trading because they are full of trading patterns. I have also emphasized this point in my previous bear market survival guide. To survive in a bear market, the first thing is to control your hands.


Are you kidding me? This line is ridiculous! 😂

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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