To be honest, every time I think about that opportunity, it still hurts. That project used to be in the top five, with a market cap of tens of billions of dollars—about the same size as SOL now—and then suddenly there was unlimited token issuance, and the price crashed from over a hundred dollars to a string of zeros after the decimal point.
I made over $9,000 shorting that wave, but the problem was my principal was too small! If only I’d had more capital back then... whatever, no point dwelling on the past.
Better to focus on current opportunities and work steadily.
A couple of days ago, I set up a position in BCH around 560, and that night the price dropped to 557 at the lowest, so I caught it right there. Now it’s already up to 603, so I made 43 points on this trade, which is about a 7%+ gain. These rebounds from support levels feel great when you nail them. The key is to patiently wait for the low point, don’t chase the highs—opportunities will always come.
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To be honest, every time I think about that opportunity, it still hurts. That project used to be in the top five, with a market cap of tens of billions of dollars—about the same size as SOL now—and then suddenly there was unlimited token issuance, and the price crashed from over a hundred dollars to a string of zeros after the decimal point.
I made over $9,000 shorting that wave, but the problem was my principal was too small! If only I’d had more capital back then... whatever, no point dwelling on the past.
Better to focus on current opportunities and work steadily.
A couple of days ago, I set up a position in BCH around 560, and that night the price dropped to 557 at the lowest, so I caught it right there. Now it’s already up to 603, so I made 43 points on this trade, which is about a 7%+ gain. These rebounds from support levels feel great when you nail them. The key is to patiently wait for the low point, don’t chase the highs—opportunities will always come.