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Recently operated a new coin market-making strategy, and the stop-loss scale was set too loosely. From the overnight low of 0.315, it rebounded all the way to the current 0.54. Although the account is still in loss, after review, my directional judgment, understanding of the new coin's liquidity, and long position strategy are actually sound.
What is the key lesson? When going long on altcoins, having a stop-loss constraint is an absolute rule. Without a stop-loss, it's like gambling—there's no protection against adverse fluctuations.
The current question is—does a 10x leverage tool really suit my trading framework? This needs careful consideration. Leverage amplifies gains but also amplifies risks, especially with volatile assets like new coins.
Honestly, I quite appreciate projects with strong manipulability. The routines are not complicated, actions are highly patterned, and the overall logic is clear. In such scenarios, it's actually easier to seize opportunities, but the premise is still to have comprehensive risk control—stop-loss, position sizing, and leverage choices must be tailored accordingly.