Let’s review the last two short positions.
The first short was opened around 77,045. The stop-loss was at 77,500.
That day I had just woken up and hurriedly opened the short. It was a bit impulsive, and also because I believed MicroStrategy’s cost basis wouldn’t suddenly break through.
The second short was based on the view that this rapid rebound looked like a bear-market trap from 2018. In 7 days it surged 40%. But afterward it broke above 80,300 again, so I judged the trend had reversed and stopped out the short.
I originally planned that if it broke above 80,300, it would pull back—so I would have taken the loss there. But the number of people who got liquidated was huge and shot up all at once. That night, I thought about whether to hedge first or close everything. In the end, I decided it was time to end the short from a year ago. From here on, the main track is still the bull market.
My short positions have already been largely hedged, and most of the profit has been protected. Everyone really doesn’t need to worry that I’d retrace a few million dollars. $BTC
The first short was opened around 77,045. The stop-loss was at 77,500.
That day I had just woken up and hurriedly opened the short. It was a bit impulsive, and also because I believed MicroStrategy’s cost basis wouldn’t suddenly break through.
The second short was based on the view that this rapid rebound looked like a bear-market trap from 2018. In 7 days it surged 40%. But afterward it broke above 80,300 again, so I judged the trend had reversed and stopped out the short.
I originally planned that if it broke above 80,300, it would pull back—so I would have taken the loss there. But the number of people who got liquidated was huge and shot up all at once. That night, I thought about whether to hedge first or close everything. In the end, I decided it was time to end the short from a year ago. From here on, the main track is still the bull market.
My short positions have already been largely hedged, and most of the profit has been protected. Everyone really doesn’t need to worry that I’d retrace a few million dollars. $BTC
