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Just switched the software to the background, and when I came back, the price had already moved and the answer had been written on the order book for the shorts.
A few days ago, in the afternoon, I watched $LTC . I saw it bounce several times but failed to hold above—once sell orders came out, it softened immediately, and the trading volume didn’t show any clear follow-through. Back then, I judged that pressure at the top was still there, so around 53.67 I placed a long, waiting for this release of direction.
From 53.67 to 46.64, the current result is +929.41%. This wasn’t squeezed out by pure nerve—it was because after I saw that the bids couldn’t keep up, I stuck to the plan and held the shorts.
Take the bulk off first: close 80% initially, and move the stop-loss for the remaining 20% up to around the entry cost. If it keeps weakening, I’ll hand the rest of the profit to the trend; if it suddenly rebounds, I won’t let the gains turn back into a key level again.
Risk control comes first—that’s called being rational. Cutting losses only after they happen—that’s passive. This isn’t the time to rush. The market isn’t short on opportunities; what it lacks is patience.
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