Jiang Zhuo Reviews ETH Trading: Bought 4,000 ETH at $2,380, Missed Profits Due to Early Exit

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Jiang Zhuo, founder of B.TOP, shared his ETH trading experience on September 4 (UTC+8), highlighting a poor risk-to-reward ratio in his trade. He purchased 4,000 ETH at $2,380 with a target of $2,493 but exited early at $2,403 following a K-line spike to $2,367. He missed the intended profit and noted that BTC K-lines were more stable. Looking ahead, he plans to apply value investing principles to crypto by using WBETH as collateral for BTC perpetual contracts without leverage.

According to ME News, on September 4 (UTC+8), Jiang Zhuo'er, founder of the B.TOP mining pool, shared recent trading activities, stating that he has decided to stop trading ETH perpetual contracts going forward due to excessive K-line spikes affecting his mindset. For example, last night he bought 4,000 ETH at $2,380, originally planning to take profit at $2,493. However, early this morning, a K-line spike dropped the price to $2,367. He later decided to close the position when the price rebounded to $2,403, only for the price to rise back to the original $2,493 take-profit level tonight. More importantly, the BTC K-line did not exhibit this spike. Moving forward, his trading strategy will involve using WBETH as margin and trading BTC perpetual contracts without leverage (maximum position: full collateral), while holding full ETH spot positions when not actively trading. (Source: BlockBeats)

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