During the recent live broadcast, many people commented to me on the issue of [spot stop loss], and some even made outrageous comments such as "You've already bought spot and you still stop loss", "You don't understand spot and you don't need to stop loss" and other explosive remarks.
Sometimes I really don’t want to say anything more. I only elaborate on objective facts and actual phenomena.
During the three months from April to July, I have been paying more attention to the ETHFI variety, whether it is the strong K-line trend since the opening, or the fundamentals of the project, and it is close to the Ethereum ecology, so I have been paying close attention to it. Place multiple orders in the large-level support area around 3.2. Because the currency fluctuates greatly, we choose to focus on spot prices. At its best, the price rebounded by 70%+, but as the market (BTC) weakened as a whole, the strength of the rebound became smaller and smaller. But at that time, I still believed that the vicinity of 3.2 was a support area at the daily level that was very suitable for layout.
But as the market weakened further, it fell below the earliest opening price, and the daily K closing price was lower than the life and death line of 2.85 (I will use the daily entity to define whether to choose to leave the market unconditionally. If the needle closes, I will still observe a few days. days), choose to close all positions directly and leave. I left the market with a loss of 13%.
Many people questioned it at the beginning. But it is obvious that I escaped the 62% plunge in the subsequent period. (You have to know that if your currency drops by 50%, you need to increase by 100% to recover your original capital! Ask yourself the following: How many doubled coins have you received?)
Even though the market has rebounded very well recently, rebounding 40% from the bottom, if I had chosen to continue to carry the order, I would still have lost 48%! That is to say. Even if I am still optimistic about this product, even if I enter the market directly at the current price at this moment, I will get double the profit, which is just the return of my previous behavior of taking orders.
Transactions in the secondary market. Always take risks before entering the market! First think about stopping the loss, how much loss you can accept, and whether the loss is reasonable or not. Now that you have made a plan, you should resolutely implement it to the end. Don’t have naive thoughts such as vain assumptions (what should I do if the loss rebounds after I stop the loss) and so on to deceive yourself. #ETHFI #风险管理 #仓位管理 $BTC
