Jiang Zhuoer, founder of BTC.TOP mining pool, said that after several months of trading, his coin-denominated return had reached 34%, while his USDT-denominated return stood at 92%, close to doubling. He said the key drivers behind the gains were position sizing, trading execution, and token selection. Jiang also said he still sees the market as being in a bull cycle and that his default stance is to remain fully allocated to ETH spot holdings. In his description of the strategy, holding a full spot position over the long term matters more than the several recent short trades. Those short positions, he said, were mainly used to protect gains made during spot price increases and to reduce drawdowns during declines. The remarks were carried by Odaily.
Jiang Zhuoer, founder of the BTC.TOP mining pool, said that after several months of trading, his coin-denominated profit had reached 34%, while his USDT-denominated profit stood at 92%, close to doubling, according to Odaily.
Jiang said the key to those gains was position sizing, trading, and token selection. He also said he believes the market is still in a bull cycle and that his default position is to stay fully allocated to ETH spot.
He added that maintaining a fully invested spot position over the long run is more important than the several recent short trades, and said the main purpose of shorting was to protect gains made after spot prices rose and to reduce drawdowns during declines.
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