In the past couple of days, Brother Ming's article discussed the trading ideas for DOGE, which received a lot of attention and inquiries from fans. Brother Ming summarized everyone's questions, which can be broadly categorized into two main questions, and here is a unified response for everyone.
1. If stuck in a position, should I cut losses or hold?
Answer: Most are stuck around 0.43-0.4. For spot trading, there's no need to worry; if you have positions around 0.35, you can add a bit to lower the average cost.
For contracts, whether to hold depends on the size of the position. If the position is not large, you can add to the position near 0.36, taking advantage of today's test of 0.36 to lower the average cost and break even. Don't expect to make a profit on the rebound; if you are not losing or only slightly losing, just exit. Don't think about making money on the position you are trying to break even; close it and look for support levels to open a new position.
2. What if I add to my position and it continues to drop?
Answer: If the 4-hour closing line breaks below 0.35, decisively give up.
3. How can I find you?
Answer: Homepage