A reminder for newcomers who have not experienced the late-stage of a bull market: understanding can save your life.
Once the altcoin season begins, remember not to take long positions to short.
Short positions should only be taken under extremely certain opportunities and accompanied by a very strict stop-loss strategy (if you don’t know what an extremely certain opportunity is or don’t understand stop-loss strategies, stay away from contracts).
The most unfortunate group of people in every bull market is: "It has risen so much, it should drop now; the liquidation price is still 5 times away, no panic, and no stop-loss; watching the liquidation price getting closer and closer, ultimately it bursts and you are left with nothing."
Believe me, the altcoin season will start within a month; if you don’t position yourself now, it will be too late. If you don’t know or understand how to position yourself, leave 332 and follow my steps to position for the upcoming altcoin season.
