According to Odaily, trader Eugene Ng Ah Sio shared his recent trading experiences on social media, highlighting the significant market fluctuations in August. At the beginning of the month, Bitcoin's sharp decline to $50,000 triggered his stop-loss, which was set above $60,000. He attempted a long position around the mid-$50,000 range but was stopped out again, resulting in manageable overall losses. Subsequently, he successfully identified the bottom for SOL and ETH, achieving approximately a 10% return after an initial stop-loss.
On August 8, he executed a substantial long position in SOL, buying at $141 and selling at $157, yielding a profit of $3 million before returning to a closed position. Ng Ah Sio noted that the market's rapid fluctuations in August required high precision in execution, and his performance did not meet his expectations. Despite this, he plans to continue employing the same strategy of taking long positions before market shifts, as the potential rewards outweigh the risks. Looking ahead to September, he expressed uncertainty about the market and refrained from making long-term predictions.
