I have suffered quite a few losses during TAO's fluctuations. It was only later that I realized there are indeed opportunities to short repeatedly during downward trends, but such violent declines are often the easiest to get caught in traps. After changing my strategy, I would place partial take-profit orders in advance at the expected target levels whenever I held a position. It sounds simple, but this method really works against spike-like market movements.
I still remember an experience from October last year. At that time, I was bullish on Bitcoin while simultaneously shorting altcoins. The key was that I preset take-profit orders for the altcoins at low levels. As a result, not only did I protect my long position in Bitcoin during that wave, but I also made a good profit on the altcoins. In simple terms, it’s about letting market volatility work for you instead of passively taking hits. With thorough preparation and proper execution, you can retreat unscathed even in fierce market conditions.
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AltcoinTherapist
· 14h ago
Yeah, TAO's wave is indeed dangerous. I've also used the order placement trick, but the key is to be ruthless and set a proper take-profit.
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MultiSigFailMaster
· 23h ago
Haha, I also got caught by that wave of TAO before. Thinking back now, I really was inexperienced. The preset order placement system is indeed excellent. Not being greedy or impatient is the key to longevity.
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GhostChainLoyalist
· 01-22 02:20
Placing orders is indeed a brilliant move, much better than blindly chasing positions before. Now I finally understand what it means to let the market do the work.
I've also stepped on the TA trap before; during sharp declines, it's easiest to cut losses. Discipline is still key.
Scaling out of positions— isn't that the art of taking profits? Simple, but few can stick to it.
I was also involved in that October wave last year. Watching you guys make money from the altcoins, I admit I was a bit tempted...
That's right, the main concern with setting alerts is the reaction time; preset orders save a lot of trouble all at once.
Now I understand, the most important thing isn't just reading the market correctly, but how to survive and come out ahead.
This logic applies to other coins as well; the key is execution.
However, repeatedly shorting during violent dips can easily lead to overtrading, but your self-control is pretty good.
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WhaleMistaker
· 01-20 09:05
Tao's wave was a bloody lesson for me as well. Now I survive by placing orders, feeling like I've outsourced trading to the market haha
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quietly_staking
· 01-20 03:02
The set of placing orders and closing positions is truly excellent. I'm just worried that I don't have such strong execution power myself, always thinking I can make a little more...
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DegenGambler
· 01-20 03:00
That's right, the stop-loss trick has really saved me several times, especially in those crazy, choppy markets where I wouldn't be able to react without presetting.
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BearMarketBro
· 01-20 03:00
No matter how fierce the market is, you can still walk away unscathed. That's so true. I’m also using the preset order trick now, but sometimes my mindset still tends to collapse.
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consensus_failure
· 01-20 02:54
Placing orders is truly a genius move, saving countless times from being pierced and爆仓.
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I'm also involved in that wave of TAO, now I understand that you need to place orders in advance and not fight the market.
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I saw that operation from October last year. Coordinating long and short positions with preset orders—that's real professionalism.
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Getting pierced is the most annoying, but preset closing orders are a form of dimensionality reduction, turning market volatility into an ATM.
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Placing orders in batches sounds simple, but it's really about discipline, which most people can't achieve.
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Letting the market work for you is brilliant, but executing it really requires patience.
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LayerZeroHero
· 01-20 02:52
It has proven that the order placement system is indeed the core of risk management... However, I want to ask, how do you determine this "expected target level"? Is it purely based on technical analysis or are there other protocol architecture considerations? TAO's inherent volatility is quite fierce, and it seems that more detailed parameter validation is necessary.
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ImpermanentTherapist
· 01-20 02:48
Placing orders is indeed effective. I only understood after being tricked by a fake injection. But to be honest, most people can't stick with it; as soon as the market moves, they want to change their order...
I have suffered quite a few losses during TAO's fluctuations. It was only later that I realized there are indeed opportunities to short repeatedly during downward trends, but such violent declines are often the easiest to get caught in traps. After changing my strategy, I would place partial take-profit orders in advance at the expected target levels whenever I held a position. It sounds simple, but this method really works against spike-like market movements.
I still remember an experience from October last year. At that time, I was bullish on Bitcoin while simultaneously shorting altcoins. The key was that I preset take-profit orders for the altcoins at low levels. As a result, not only did I protect my long position in Bitcoin during that wave, but I also made a good profit on the altcoins. In simple terms, it’s about letting market volatility work for you instead of passively taking hits. With thorough preparation and proper execution, you can retreat unscathed even in fierce market conditions.