
lanxing 🇨🇳|Mar 30, 2025 13:49
Those who have engaged in leverage operations must stop losses in a timely manner and not replenish their positions, otherwise they will lose more and more.
I placed an empty order for XRP on 2.26 and held it for a few days. It rose to 2.5 and fell to around 2.38, so I stopped the loss and incurred a loss of about 50%. As I mentioned in the group chat before, there are two options: absolute amount stop loss and timeline stop loss.
The same goes for on chain memes. Don't replenish your position. Replenishing your position means you have already lost money and want to level the average price. In the long run, this approach is not wise.
Adding a position is possible. Adding a position is the first time you have already made a profit and become emotional.
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