Babies, the spot market that entered on August 15 is making money again. At that time, I had already informed you that I had entered the market. Did those of you who follow me enter as well? It’s funny to say, I was betting that ETH wouldn't drop below 4450 and that SOL wouldn't drop below 186, thinking of making a little money for living expenses! Just thought I’d let you know, so you don’t say I’m secretly sipping soup and eating meat without including you!
I never expected it! The market makers are also watching my little investment, and as soon as I bought in, the price dropped immediately! So awkward, I clearly bought at a support level, but it turned into resistance, and the price kept hovering just below what I bought! Do you also experience this with contracts, buying in and it drops, selling and it rises? Doesn’t it feel like you’re just maneuvering the market with a few bucks? If you find yourself in control, remember to leave a message in the comments, do a good deed, and let us know what you’re buying 😂
The market is like this, ever-changing and unpredictable. We are not the market makers; in this market, we are just a bunch of small fries. We must understand to go with the flow and not swim against the current and get eaten by the big fish. So whether trading contracts or spot, we must not go in heavily on the first position; position management and capital allocation are very important. This time, I suggest everyone use 1-2 layers of positions to see for themselves. Whatever profits you make as it rises is yours; making a little soup money for living expenses is fine. It doesn’t matter if you get stuck; just consider it as entering the market with the first position. Anyway, there’s still a base position, and if there’s a suitable price later, you can add to it to lower the average price. Spot trading won’t cause margin calls, so what’s there to be afraid of? It’s just a matter of time!
The trading process isn’t important; what matters is the result. Just like this time when I bought in and it dropped, it dropped, so what? I’m not selling, I’m not panicking, just waiting for it to rise again. As a result, it has risen in just two days. Currently, I’m making money from this trade, and I haven’t exited yet. I think I can wait a bit longer, so those who haven’t exited can hold on. I will notify everyone when I decide to leave.
I still say this: we come to the crypto world to make money. True wealth needs to be accumulated slowly. Don’t always think about getting rich overnight. Whether it’s spot or contracts, if you’re constantly losing money, then reflect on yourself, find the problem, and solve it.
