MUBARAK — this move is a bit brutal. It’s up 40 points in 24h, and the trading value is 11M. I chased a trade this morning: I entered at 0.038, exited at 0.045, and only ate a small segment. To be honest, my hands were shaky and I sold too early—couldn’t catch the latter part. That’s how copycats work: you’ll never sell at the very top. If you can lock in profits, then you’ve won.
Let’s talk about practical position management. Don’t take the “full position” number from the Kelly formula too seriously—in live trading, I use at most half-Kelly; otherwise, if a single needle-like move goes against you, you won’t even have bullets left to average down. A fixed-percentage approach fits most people better: keep any single trade to no more than 5% of your total position. If you lose money, it shouldn’t affect your mindset. Pyramid-style adding should be in the direction of profit: you add less and less as it goes your way—not doubling down on a drop to “die-hold” and average down. That’s jumping into a pit.
Look at today’s $SUI as well—it’s up 27 points, trading value 239M, and the momentum is still there. $PROVE is up 27% too, but $VANRY
is down 37% instead. That’s how extreme the differentiation in altcoins can be. If you want to play, go check the order book for $MUBARAK and $SUI —don’t chase the highs.
Over in the US market: the Nasdaq is up slightly by 0.3%, gold is at 2360—nothing major. Funds are still rotating within the crypto market.
The above is only my personal opinion and does not constitute investment advice.
Let’s talk about practical position management. Don’t take the “full position” number from the Kelly formula too seriously—in live trading, I use at most half-Kelly; otherwise, if a single needle-like move goes against you, you won’t even have bullets left to average down. A fixed-percentage approach fits most people better: keep any single trade to no more than 5% of your total position. If you lose money, it shouldn’t affect your mindset. Pyramid-style adding should be in the direction of profit: you add less and less as it goes your way—not doubling down on a drop to “die-hold” and average down. That’s jumping into a pit.
Look at today’s $SUI as well—it’s up 27 points, trading value 239M, and the momentum is still there. $PROVE is up 27% too, but $VANRY
is down 37% instead. That’s how extreme the differentiation in altcoins can be. If you want to play, go check the order book for $MUBARAK and $SUI —don’t chase the highs.
Over in the US market: the Nasdaq is up slightly by 0.3%, gold is at 2360—nothing major. Funds are still rotating within the crypto market.
The above is only my personal opinion and does not constitute investment advice.
