Jiang Zhuoer: Short selling is used to protect spot holdings by reducing drawdowns after price increases. After several months of trading, coin-denominated profits reached 34%.

BlockBeats news, September 19: LTC Mining Pool founder Jiang Zhuoer posted that after several months of trading, coin-denominated profit reached 34%, and USD-denominated profit reached 92%, nearly doubling. The key to profit is position, trading, and coin selection. Market sentiment must be involved in trading to be felt. We are now in a bull market cycle. By default, my personal position status is fully invested in ETH spot. Apart from several short trades recently, more importantly, I hold spot fully for the long term. Shorting is only to protect spot holdings after gains and reduce drawdowns during declines.