Lebit Mining Pool founder Jiang Zhuoer said on Sept. 19 that after several months of trading, his coin-margined return had reached 34%, while his USDT-margined return stood at 92%, close to doubling. In his post, Jiang said the keys to profitability were position sizing, trading execution and token selection. He also wrote that traders need to participate in market sentiment directly in order to feel it. Jiang described the current market as a bull cycle and said his default positioning is a fully allocated ETH spot holding. While he has opened several short positions recently, he said the more important part of his strategy is maintaining a long-term full spot position, with shorts serving only as protection to reduce drawdowns after spot gains.
According to BlockBeats, Lebit Mining Pool founder Jiang Zhuoer said in a post on Sept. 19 that after several months of trading, his coin-margined return had reached 34%, while his USDT-margined return had climbed to 92%, nearly doubling.
Jiang said profitability came down to position sizing, trading and token selection. He added that market sentiment has to be experienced through actual participation in trading.
He also said the market is currently in a bull cycle and that his default position is a fully allocated ETH spot holding. Although he has made several short trades recently, he said the more important part of his approach is staying fully invested in spot for the long term, with short positions used only to protect spot holdings and reduce drawdowns after price gains.
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