2024.1.5 Funds: 10881U
Another reversal breakthrough, getting closer to 11000U
This time, the persistence and waiting for results came relatively quickly. The heaviest position, XRP, has successfully escaped, and currently, the funds are also rising. We are getting closer to the recent small target of 11000U!
Currently, the slightly heavier positions include WLD, ENS, and FET, but the issues are not significant. A pullback of 2-3 points can allow for profitable exits. The funds have broken through 10900+, which is a lucky market. Just mentioned this yesterday, and today it’s almost achieved.
Of course, this is just a small interlude in our progress. Today, I suddenly noticed that SUI had a strong upward movement earlier. Fortunately, I excluded it earlier due to its volatility; otherwise, I would likely be facing losses now.
The market could rebound at any time, but our large positions have already exited, and some smaller positions have started to go long, so there is not as much risk in going long as before.
For our existing positions, another dip followed by a rebound would be the best scenario. This way, we can reduce our positions and then add more long orders. The risk of adding orders after a dip is lower than adding short orders after a rise.
Regardless of how the market behaves, we must remain calm in facing it. Whether in profit or loss, it should not affect our ultimate goal. Keep it up!