This week should be the happy time for the majority of bulls. I am also a die-hard bull; I can't help it, I only see the upward trend. Every time I try to short, I end up losing badly.
Recently, many cryptocurrencies have reached the weekly bull-bear junction point. I'm afraid of a major pullback if I buy at the current price, and if I don't buy, I'm worried it will just shoot up. So I started a 3:1 long-short position strategy; I add positions in the direction it goes. If it goes up, I open long positions at 3:1, and if it goes down, I open short positions at 1:3. This method makes me feel more secure, and I am not afraid that the liquidation point is too close. The liquidation price will fluctuate with the price. If I make a wrong move, I just wait for the key four-hour level to add positions in the opposite direction at 3:1 to recover. Finally, I have found a way to achieve stable returns. I checked online, and it’s somewhat similar to a hedging strategy, and also resembles the way quantitative robots open positions. But regardless of that, achieving stable returns is a good thing.
By the way, I’d like to share my recent trading results. #加密市场反弹 $GMT
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