Hold base position with cost advantage · LangLang Trading Principle

The low-cost base position obtained at the launch point is the most valuable; many rallies without any warning are only captured by those holding the base position. With a cost advantage, endure normal pullbacks and place the stop loss near the cost to strive for greater space, rather than giving it away on a small fluctuation and then chasing it back.

In LangLang's words

Only by holding the base position can you catch the segment that comes without any warning.
With a cost advantage, it's best to endure this kind of fluctuation.
Without giving up the base position, you won't be repeatedly tormented by it.
Once you have a cost advantage, set a stop at cost and strive for more.

How the course teaches it

BIT LangLang · 2024-03-09 — PEPE Main-Leg Review: Why Picking the Right Leader Wasn't Enough — Divergence Stage, Re-Entry and Core Position

2024-03-09 · Video 34:18

Reflection on early reduction and losing the base position

LangLang candidly reviews: after a continuous rise, he expected PEPE to have a big divergence, and zoo coins usually retrace deeply on big divergence, so he sold a portion first and planned to buy back after a long consolidation was completed; at the same time, he worried that BTC would have a big correction after rushing above 60k, so he sold more. The reduction itself was an explainable risk action; the real problem was that he did not turn “plan to buy back” into an independent trigger rule, and let fear about the broad market override the fact that the individual coin remained extremely strong. More seriously, he took short-term losses in that area, which affected his mindset and cost basis, and he accidentally lost the base position as well.

BIT LangLang · 2023-11-25 — Pick the Coin Before the Entry: Comparing Leadership, Structural Maturity and Not-Yet-Launched Setups

2023-11-25 · Video 6:51

EGLD early exit and position discipline

BIT LangLang mentions that after EGLD's box consolidation showed volume, he chased in, originally planning to use a stop-loss below the initiating bullish candle; then he sold early merely because he felt BTC wasn't doing well. The review concludes that there was actually no need to exit, and it should still be managed by being bullish on the higher timeframe and watching for lower-timeframe turning points. This can be summarized as: external market judgments can adjust risk, but should not arbitrarily replace the original plan when the coin's structure has not failed; otherwise, candidate selection, entry, and exit use three different logics.

BIT LangLang · 2023-11-18 — Defining and Using Turning Points: Multi-Timeframe Alignment, Trading the Breakout Structure Rather Than the Breakout Price

2023-11-18 · Video 1:01:18

Why leaders were judged right but no profit was made

LangLang reviews that among strong coins like LINK, SOL, ARK, and RNG/BNT, he judged or participated in many, and the leader grasp itself was already done well, but in the end he did not make the profit he should have. The specific reasons are attributed to: BNT adding at highs lost the base position; LINK lost the low-cost position and did not buy back; SOL entry technique was wrong; ORDI missed the standard buy point due to insufficient mental energy from long-term holding.

BIT LangLang · 2023-11-11 — Why Not to Chase Breakouts at Highs: Trend, Room, Divergence Count and Liquidity-Aware Sizing

2023-11-11 · Video 19:12

Support Buying and Holding at the First Small Divergence

BIT LangLang classified ORDI's entry as the first small divergence position of a new wave; the entry point and long logic were both fine. However, he only looked at the local box, ignored the overall degree strength and correction cycle, exited too early, and failed to capture the expected swing. This was a case of successful structural judgment but failed profit management. LangLang believes that if ORDI's current upward move is regarded as the start of a new wave, the launch entry at the first small divergence can be held a bit longer, while the second and third divergences should no longer be held long.

BIT LangLang · 2023-11-04 — Divergence Levels Set the Trading Rhythm: Leader Selection, Structural Stops and Core Positions

2023-11-04 · Video 1:14:08

Divergence levels and the gain and loss of the base position

LangLang divides corrections within the main upwave into small divergence, major divergence, and extra-large-level divergence. A small divergence is the first short pullback right after the main upwave starts; you can try to absorb at the divergence low and use that low as the invalidation level. A major divergence is the first clearly enlarged pullback after multiple rounds of small divergence and a five-wave advance; a second wave may still follow, provided there is still space above and the large structure is not broken.

Weekly reviews where it applied

LangLang's Trading Principles · The Rules His Course Keeps Coming Back To