Let me share my thinking. Currently, I have a 1% long position opened at 1885, with a liquidation price around 400. I expect to hold it for the long term. I believe there is a high probability of a second bottom around 1500, but it might not happen now; it could go up to around 2050 first. The worst-case scenario is a sudden drop right now. So, I plan to open both long and short positions, adding to the long position at the right levels. The long position is only 1%, so there's no need to worry. Of course, if the price rises again, I will close the long position and open a new short.
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MakingMoneyIsQuitePainful.
· 5h ago
Wishing you great wealth in the Year of the Horse 🐴
Let me share my thinking. Currently, I have a 1% long position opened at 1885, with a liquidation price around 400. I expect to hold it for the long term. I believe there is a high probability of a second bottom around 1500, but it might not happen now; it could go up to around 2050 first. The worst-case scenario is a sudden drop right now. So, I plan to open both long and short positions, adding to the long position at the right levels. The long position is only 1%, so there's no need to worry. Of course, if the price rises again, I will close the long position and open a new short.