maXinance
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TIREDNESS WITH WHALE MANIPULATION
Talking to several trader friends and exchanging opinions with different traders in the market, they all agree that they are tired, really fed up with the constant manipulation of the market by whales.
All the time, at any moment, when you least expect it, some whale says: "Well, I'm bored, I'm going to throw the market because I'm just greedy and I can do it," and boom! A simple click and the currency plummets.
And on top of that, using bots, they quickly set sell orders on several continuous levels so that, if the currency tries to rise, it rebounds strongly and continues to fall.
And in those moments you don't know whether to sell or wait, if it's really going down, how much and how far it will go down... And you are overcome by the feeling that if you sell the fall stops and the currency starts to rise, but if you don't sell it continues to fall. And if you sell and it goes up again, if you quickly buy because you think it's actually going up, the currency goes down again. And you get into that loop of "Should I sell? Should I not sell? Should I buy? Should I not buy? Should I wait? What should I do?" And in that doubt that they impose on you, you only achieve losses.
This is the opinion and feeling of each and every one of those I speak to.
What is clear is that the whales undoubtedly manage the market at will, at their whim, when they simply decide to pull the market down.
What I find most striking to those I consult is that if the currency is going down and you sell, the currency stops and goes up, but if you re-enter, the currency stops and goes down.
Hmmm...
Talking to several trader friends and exchanging opinions with different traders in the market, they all agree that they are tired, really fed up with the constant manipulation of the market by whales.
All the time, at any moment, when you least expect it, some whale says: "Well, I'm bored, I'm going to throw the market because I'm just greedy and I can do it," and boom! A simple click and the currency plummets.
And on top of that, using bots, they quickly set sell orders on several continuous levels so that, if the currency tries to rise, it rebounds strongly and continues to fall.
And in those moments you don't know whether to sell or wait, if it's really going down, how much and how far it will go down... And you are overcome by the feeling that if you sell the fall stops and the currency starts to rise, but if you don't sell it continues to fall. And if you sell and it goes up again, if you quickly buy because you think it's actually going up, the currency goes down again. And you get into that loop of "Should I sell? Should I not sell? Should I buy? Should I not buy? Should I wait? What should I do?" And in that doubt that they impose on you, you only achieve losses.
This is the opinion and feeling of each and every one of those I speak to.
What is clear is that the whales undoubtedly manage the market at will, at their whim, when they simply decide to pull the market down.
What I find most striking to those I consult is that if the currency is going down and you sell, the currency stops and goes up, but if you re-enter, the currency stops and goes down.
Hmmm...
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