last $sol update unless it flies past $200 / manual trail stop hits. some notes 🧵: - don’t use CT for your directional bias, most people just amplify the current market signal, bearish @ lows, bullish @ highs etc. - longing after liquidation easier, sometimes there are multiple, but can normally make the trade free if you buy a liquidation wick - use trail stop to protect profits. at this point it is literally about trading your PnL. It doesn’t matter if I believed sol is going to $400, objectively a 17x ROI on decent position size is to good to round trip. same goes with stop b/e but personally I like to wait for a long time before I do this, j because sometimes tagging entry is perfectly fine. - sizing wise you don’t have to go crazy. Again, on higher leverage 1000% gains aren’t that uncommon so maybe start with only risking 1% of your portfolio, especially with a low margin of error. Risking 1% you could increase portfolio by 10%. - chill on the leverage slider, I have some friends who are perp goats, but majority of people should lower the slider and not get stopped out before the moves. - find your trade style. I suck ass at trading mid-range continuation. I always find there is too much noise and I get chopped out. I make 90% of my money trading bottoms and reversals. see $CRV, $ETH, $SOL $SUI (ages ago) etc. find your distinct style and smash out practicing that.
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.