Yesterday I felt that the last day would surge, I was really too timid and missed another opportunity to break even. I copied yesterday's bottom and made 444 dollars before running away.
卖房炒币了
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Bullish
Let's review a mistake I made today. Recently, this alp has become very popular, providing us with another way of thinking. I have been speculating on the dealer's strategy; this must be a dealer with extremely tight control, as more than 95% of the coins should be in their hands. Their goal to make money is simply to drive up the price to sell, but who would buy a coin that is about to be delisted from Binance? Losing Binance as a source of liquidity would make it very difficult for them to sell in the future. So when they see many people shorting, they immediately establish a counter-position, then manipulate the price up through contracts, which might be the only way to profit. After several days of intense price manipulation, I believe that the few million in market cap has long been pocketed, and it is even possible to multiply it several times. If they still want to play with this coin in the future, they cannot let it die. If they directly crash it to zero on the last day (which is also possible), they would completely abandon this shell. Given that they are almost at zero cost of holding the position, I think it is possible they will violently drive up the price on the last day; the specific situation will depend on how many hidden positions there are, which will determine how high they can push the price! Based on the above reasoning, I decided to go long on it in the last 24 hours. Unfortunately, I entered too early, starting at 0.146, adding to my position when it was low and reducing it when it was high. I used 5x margin trading, fearing a sharp drop. Actually, I should have cut my losses long ago, but this drop has been very slow, continuously trapping me and giving me hope, until I got greedy and maxed out my margin. At the lowest point, I lost over $1000, which was far from my original intention; I only wanted to win or lose around $100. Although I got lucky in the end, making a floating profit of $440 when I exited, I decided after reviewing my trades that I made too many mistakes in the process. Without discipline and bottom lines, I may end up in irretrievable ruin.
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