I see that many people do not quite understand the post I made about reducing positions, so I’ll make another post. I won’t explain further; please pay attention:
First of all, the overall direction is definitely upwards. Most of what I post are generally swing trades, giving everyone a sense of operation, and helping everyone learn how to reduce positions because many people do not know how to sell. So I tell everyone that the altcoin I mentioned has increased by 50%. Selling normally at 30% is fine because no one has infinite bullets. If you reduce your positions, can you buy the next one? Of course, it’s even better if the remaining base can run out and double. If you pull out your principal, you can achieve zero-cost positions, and your mindset won’t panic during adjustments. The original tenfold return on Pepe was achieved through this kind of operation. Many people want a tenfold or fivefold coin, but can you actually hold it? Without some operation, you won’t be able to hold on.
Second, I regularly check the data within the circle every morning, such as the inflow and outflow data of BTC and ETH ETFs. Currently, the only thing affecting the altcoin trend is Ethereum. So, since the Ethereum ETF data flowed out today, I must remind everyone of the risks because inflows represent new funds coming in, and outflows indicate institutions making a handover swing trade, which will affect the trend, but it is only short-term. This morning, I saw Ethereum had outflows, and I must remind everyone not to chase highs. When the swing hits the profit point, those who should reduce their positions should do so. I have seen too many people unwilling to reduce their positions and experience roller coasters. Of course, if you are long-term holding, you don't need to act because it only affects the short-term market. Today, ONDO also pulled out. For those who had chips earlier, I let them continue to hold profits while taking out the principal. This is the difference between long-term and swing trades. I hope everyone can understand.
Finally, I personally play more swing trades. For long-term holdings like WIF at an average price of 2.1, I am currently asked if it is possible to buy long-term. I really dare not risk letting you experience a roller coaster. So in my personal trading system, there is currently no position for long-term investment, just wait.
Just like DASH, I told everyone to buy at 35, and there is currently a profit of 65%. I have also reduced by 30%. Doubling from here is also possible for long-term holdings. Do you understand? So for any questions in the comments later, I will try to respond. If you really don’t understand, I will make a separate post to reply. If you feel that my thoughts and rhythm are helpful to you after reading this, please give it a like~!
