Recently, I bought another low-priced coin, which is now hovering around 0.487. My strategy is as follows: first, add a position near 0.47, and if it drops below 0.455, I will liquidate completely. It's easier to say than to do, but discipline is very important.
Currently, the total account balance is not much, only about 1000U, so I keep a very strict control over the initial positions for each coin—only investing 1/10 of the total amount in each. Once there is an opportunity to add more, I will not increase any single position beyond 2/10. The benefit of this approach is that even if I hit a "mine" coin, the losses are limited, and I still have a chance to continue experimenting.
I have been recording every operation during this period to see if my success rate can gradually improve. Low-priced coins are volatile and risky, but if the position is well-controlled, they become good practice grounds. I will continue to update my progress and hope to learn something from real trading.
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Recently, I bought another low-priced coin, which is now hovering around 0.487. My strategy is as follows: first, add a position near 0.47, and if it drops below 0.455, I will liquidate completely. It's easier to say than to do, but discipline is very important.
Currently, the total account balance is not much, only about 1000U, so I keep a very strict control over the initial positions for each coin—only investing 1/10 of the total amount in each. Once there is an opportunity to add more, I will not increase any single position beyond 2/10. The benefit of this approach is that even if I hit a "mine" coin, the losses are limited, and I still have a chance to continue experimenting.
I have been recording every operation during this period to see if my success rate can gradually improve. Low-priced coins are volatile and risky, but if the position is well-controlled, they become good practice grounds. I will continue to update my progress and hope to learn something from real trading.