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The contract account hit 1100 USD today, up from just over 500 initially. I've been holding the POLYX token for more than ten days now, and after calculation, I've spent about two to three hundred on fees alone. Honestly, it's a bit painful, but as long as the account is growing, it's a win.
The current strategy is to open several first-level positions in various altcoins simultaneously, planning to add to positions 2-3 times. Reflecting on my previous POLYX operations, the main issue was opening too heavy a position initially, and adding to positions too quickly. When the market dropped later, I didn't have enough chips to catch the rebound. Paying tuition has helped me understand where the flaws in this logic lie.
The revised strategy is much simpler—reduce the size of the initial positions across the board, but increase the number of different coins. The benefit of this approach is holding long-term without rushing, while also earning holding fees and gradually accumulating profits. The market never mistreats those with patience; as long as you control your positions and don't overextend, no one can shake you. Sometimes, making money is just that straightforward.
Overleveraging the main position is indeed a trap; when it drops, not having bullets to catch the falling is really uncomfortable
Diversification and averaging down is the way to go; this tuition fee was worth it
Splitting up positions is definitely smart. Last time, I also over-committed on my initial position and ran out of bullets later. Now, I’m just testing the waters with small positions and multiple coins. With patience, you can really wait for good things to come out.