《Adding to positions and entering the market --- BOME position update》
This period of BOME market perfectly illustrates the importance of locking in profits. If you do not sell after the price goes up, you will face three situations: first, the profit will be withdrawn to protect the principal and leave the market; second, the profit will be withdrawn but you will continue to hold the position and end up being trapped or leaving the market at a loss; third, the breakthrough momentum will continue to rise after the sale, resulting in selling at a loss
From the perspective of probability, the probability of selling at a loss is only one-third, especially before the market moves forward, the probability of selling at a loss is reduced by one level. You must choose to reduce your position during the rise and choose to add to your position during the correction
BO ME After we reduced our positions at around 0.01, Taco gave us a position to cover our positions at around 0.009090. Now the lowest has reached 0.008997, which successfully allowed us to cover our positions again.
The trend may continue to fall. The next position to cover our positions is set at around 0.008450. The position to reduce our positions is still around 0.01. If there are any changes in the future, Taco will post updates accordingly.
