* The interval and amount for dollar-cost averaging can be adjusted based on the asset, and it should cover at least 24 to 48 hours of investments;
* Ensure that the starting price of the second wallet has enough distance from the average price of the first wallet, so it can function similarly to a Martingale grid; don't rush it;
* Always prioritize $BTC; currently, the buying confidence in other blue-chip altcoins during this bull market is insufficient.
nfa.
Every time I completely liquidate, I immediately open the first wallet with a 30% position, and almost without exception, there will be a period of floating losses.
* Always ensure that the liquidation price is below the starting point of this price surge;
* When close to the liquidation price, set a stop market for a position of about 5%~10% to prevent a sudden drop while sleeping, sacrificing some positions for the safety of the overall position;
* Because there is a position, I am sensitive to the price. When the first wallet has floating losses to a certain extent, I activate the second wallet to dollar-cost average every 10 minutes; since the buying price is set at many levels, the liquidation price will also be safer than the first wallet;
* Similarly, when the second wallet is filled, if there are still floating losses, I activate the second wallet to dollar-cost average every 10 minutes;
* $BTC is much easier to operate than $ETH, $SOL, and $LINK because it has relatively smaller drawdowns;
* If $BTC can return to $125K and continue to rise, altcoins will start to surge, and I will begin to consider collecting chips with relatively low leverage.
(This is just a record of a novice trader's operations, not investment advice.)
7.49K
5
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.