Regarding ORDI's low-multiple trading strategy and its applicability to Bitcoin (BTC), we conducted a review and analysis through the actual operation of yesterday's opening. The following is a more refined summary that maintains the original meaning:
Flexibly adjust the strategy to follow the market trend: Yesterday I adopted a long-chasing strategy and successfully made a profit. In this process, I realized that when predicting the market, I need to consider the possible upward trend of the market first, and then predict the callback point. This change freed me from the constraints of excessive pursuit of extreme entry points in high-multiple contract trading, making trading more flexible.
Sharply capture market signals, but take into account external influences: At around 4 pm, despite the downward signal, I realized that ORDI was susceptible to BTC fluctuations from 8 to 10 am and was pushed up to the pressure level. This discovery reminds me that when opening orders, I need to fully consider the driving effect of mainstream currencies such as BTC on altcoins.
Trust your intuition and improve risk control: During the trading process, I had doubts about the position, but in view of the limited expected increase, I finally chose to hold the position. When the price broke through the next resistance level, I realized that in the future, I needed to consider the linkage effect of BTC on altcoins in the order opening to optimize risk management.
Advantages and adaptability of low-multiple trading: The news of interest rate cuts should have prompted the market to adjust, but ORDI was still brought to the 4-hour resistance level by BTC. Although I had issued a short signal during this period, I failed to respond immediately. This experience made me deeply realize the advantages of low-multiple trading in terms of bearing position errors. In the future, I plan to use this strategy as a common means and continue to improve it to balance returns and risks.
Reflection on intraday trading and high-multiple contracts: Although the intraday trading strategy has an excellent success rate (close to 98%), the physical and mental pressure brought by its high-intensity operation cannot be ignored, and a single loss may offset multiple days of profit. In contrast, high-multiple contracts are more suitable for trading opportunities with great confidence in specific points and need to be used with caution to maximize their effectiveness.
In summary, through yesterday's review, I not only deepened my understanding of ORDI's low-multiple trading strategy, but also gained a deeper understanding of the linkage between Bitcoin and altcoins. In the future, I will continue to optimize my trading strategy, striving to achieve steady profit growth while controlling risks.
