Just after I’d seen the bad news, the order book still looked stubbornly strong—didn’t expect that, after turning around, it would start “turning in homework” to the downside. For these short positions under pressure at high levels, holding them is one word: fun.

A few days ago, in the afternoon, I was watching APT. I found that pushing price higher was getting harder and harder, the volume didn’t back it up, but the sell orders kept being pressed down layer by layer. $APT Every time it got close to a key level, it turned back. I didn’t chase the upside—instead, around 0.9197, I completed opening a long, waiting for the bid-side support to fail.

At this point, the price has already dropped to 0.5888. The replay result is +2552.91%. Even though it was grindy in the beginning, the judgment wasn’t in vain—the shorts cashed out cleanly.

First take 80% off the table, and leave the remaining 20% as a trend-continuation position. Move the protective level up to around your cost basis. If it keeps dumping, let the profits run; if it bounces back, don’t spit back what you’ve already taken.

Holding no position isn’t a crime—opening positions at random is the mistake. If you didn’t catch the move, don’t rush to “top up your tickets.” Chasing the drop can easily get dealt with by a rebound. Wait until the structure is clearly back in place before taking the next shot.

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