Crypto with Talish Soomro
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Catching the Hype: My XRP/USDT News Trade That Almost Backfired
#NewsTrade #TradeLessons
A few days ago, I took a quick scalp on $XRP $USDC , entering with $20 and exiting with $22—a 10% profit. On the surface, it looked like a win. But in reality, it was a risky trade driven more by hype than solid strategy.
It all started when positive news about Ripple’s legal progress in the SEC lawsuit hit social media. I saw XRP pumping and jumped in fast, hoping to ride the momentum. There was a sudden spike, and I bought in without confirming the trend or volume stability—pure FOMO.
Initially, I was up quickly, but the price action became choppy. Whales started taking profit, and volume dropped sharply. I realized I had no clear entry signal, no stop-loss, and no defined take-profit target. I panicked and exited with a small gain before the market dipped.
What went wrong?
I entered the trade emotionally, based on news hype without proper technical confirmation. My plan was unclear, and I reacted rather than executed
What did I learn?
News can move markets, but it also creates volatility traps. A trader must separate emotion from action. Always wait for a proper setup—even in news-driven trades.
How I’ll adjust in the future:
Next time, I’ll combine news with technical confirmation—watching key support/resistance, volume, and momentum indicators. I’ll also define my stop-loss and target in advance to avoid panic exits.
In short, while I made a profit, this trade reminded me that process > outcome. It’s not about chasing the news—it's about trading with discipline.
A few days ago, I took a quick scalp on $XRP $USDC , entering with $20 and exiting with $22—a 10% profit. On the surface, it looked like a win. But in reality, it was a risky trade driven more by hype than solid strategy.
It all started when positive news about Ripple’s legal progress in the SEC lawsuit hit social media. I saw XRP pumping and jumped in fast, hoping to ride the momentum. There was a sudden spike, and I bought in without confirming the trend or volume stability—pure FOMO.
Initially, I was up quickly, but the price action became choppy. Whales started taking profit, and volume dropped sharply. I realized I had no clear entry signal, no stop-loss, and no defined take-profit target. I panicked and exited with a small gain before the market dipped.
What went wrong?
I entered the trade emotionally, based on news hype without proper technical confirmation. My plan was unclear, and I reacted rather than executed
What did I learn?
News can move markets, but it also creates volatility traps. A trader must separate emotion from action. Always wait for a proper setup—even in news-driven trades.
How I’ll adjust in the future:
Next time, I’ll combine news with technical confirmation—watching key support/resistance, volume, and momentum indicators. I’ll also define my stop-loss and target in advance to avoid panic exits.
In short, while I made a profit, this trade reminded me that process > outcome. It’s not about chasing the news—it's about trading with discipline.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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