I just closed my short positions on BTC and ETH, which resulted in a total loss of over 10 U. To be honest, holding onto short positions in an extremely fearful environment is not the way to go—prices have rebounded to a key level, and there are reverse signals on the technical side. Holding on would be more like gambling than trading. Instead of waiting passively, it's better to admit the mistake in a timely manner; protecting the principal is the foundation for long-term stability.
The account is now back to a pure cash mode, with 937U in hand, which feels more secure. This round of market is too uncertain; BTC just had a Rebound and is then brought down again. Under extreme emotions, there are risks in any direction. My approach is very simple: wait for the market to give clear and stable signals before taking action, better to miss some opportunities than to be repeatedly cut in the fluctuations. The next step is to observe and see if I can find a more definite entry point. #BTC #平仓 #GateAI人机对抗赛 #GatePerps
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I just closed my short positions on BTC and ETH, which resulted in a total loss of over 10 U. To be honest, holding onto short positions in an extremely fearful environment is not the way to go—prices have rebounded to a key level, and there are reverse signals on the technical side. Holding on would be more like gambling than trading. Instead of waiting passively, it's better to admit the mistake in a timely manner; protecting the principal is the foundation for long-term stability.
The account is now back to a pure cash mode, with 937U in hand, which feels more secure. This round of market is too uncertain; BTC just had a Rebound and is then brought down again. Under extreme emotions, there are risks in any direction. My approach is very simple: wait for the market to give clear and stable signals before taking action, better to miss some opportunities than to be repeatedly cut in the fluctuations. The next step is to observe and see if I can find a more definite entry point.
#BTC #平仓 #GateAI人机对抗赛 #GatePerps