Without perspective, you can't hold on—the profit on this move is as thin as paper, but I love it. When the early-session dump first began, I felt that
$CHZ was acting strangely. It was clearly falling, yet the rebound came on declining volume, showing that no capital was willing to step in and buy. This kind of price action has only one outcome—further decline.
Shorted at 0.03576, now at 0.0138, +2957.35%. It wasn't much, but this is real profit. The answer was clear, and I held on.
Position management is simple: take 80% off the table first, and move the stop-loss on the remaining 20% to the