I’d like to discuss this RLC trade separately: I opened a long at 0.4731 and closed at 0.7287, using 5x leverage. I held the position for 14 hours and 13 minutes, made 9,452 U, and earned a 270% return. Of the three trades, this one had the highest return.
The logic behind the entry was actually quite simple. At the time, RLC had been consolidating around 0.47 for a while and wasn’t dropping any further. On the 4-hour chart, trading volume also started to pick up, suggesting that money was flowing in at that level. In futures trading, this kind of price action is a fairly clear signal to go long: the cost of being wrong is low, while the upside is substantial.
After I entered, the trade went especially smoothly, with virtually no meaningful pullbacks. There were a few minor retracements along the way, but they were all small and nowhere near worrying. I held on until the price moved above 0.72. Then I saw trading volume increase noticeably, which suggested that buyers were chasing the price. That often signals a short-term top, so I promptly closed the position and got out.
The biggest lesson this trade taught me is that sometimes holding a position matters more than getting the direction right. Many people correctly predict the market’s direction, but rush to exit as soon as they see a little profit, missing out on the bigger gains that follow. 5x leverage isn’t particularly high, so I could comfortably ride out the fluctuations. Staying calm naturally made it easier to hold on.
At the end of the day, trading comes down to three things: direction, position sizing, and mindset. You need all three. Visit my profile to connect with me. I’ve spent years building hands-on experience, and I share exclusive strategies every day. I’m Li Ge.
The logic behind the entry was actually quite simple. At the time, RLC had been consolidating around 0.47 for a while and wasn’t dropping any further. On the 4-hour chart, trading volume also started to pick up, suggesting that money was flowing in at that level. In futures trading, this kind of price action is a fairly clear signal to go long: the cost of being wrong is low, while the upside is substantial.
After I entered, the trade went especially smoothly, with virtually no meaningful pullbacks. There were a few minor retracements along the way, but they were all small and nowhere near worrying. I held on until the price moved above 0.72. Then I saw trading volume increase noticeably, which suggested that buyers were chasing the price. That often signals a short-term top, so I promptly closed the position and got out.
The biggest lesson this trade taught me is that sometimes holding a position matters more than getting the direction right. Many people correctly predict the market’s direction, but rush to exit as soon as they see a little profit, missing out on the bigger gains that follow. 5x leverage isn’t particularly high, so I could comfortably ride out the fluctuations. Staying calm naturally made it easier to hold on.
At the end of the day, trading comes down to three things: direction, position sizing, and mindset. You need all three. Visit my profile to connect with me. I’ve spent years building hands-on experience, and I share exclusive strategies every day. I’m Li Ge.