Trader UT

#踏空 There are many people in the square who are emotionally distressed from missing out; they feel miserable every day, seeing the coins they follow rise while they are not on board. Watching others make money feels worse than losing money themselves. The truth is, you haven't really missed out; to put it bluntly, you don't even qualify to miss out.

What does it truly mean to miss out?

You followed a coin, made a logical analysis based on the market, formulated a trading plan based on that analysis, and clearly understood your entry price, take profit price, and stop loss price. If you failed to enter the trade at the right moment due to certain reasons, that would be considered missing out. It’s not just because you casually followed a coin that later increased in value and you feel like you missed your chance. Feeling miserable about it every day has nothing to do with you! Even if the market turned back, you still wouldn't enter the trade! Because you lack a trading plan for that coin, at most you can only say you are familiar with that coin...

Currently, it seems that there are only two strategies to make money in the current market: 1. Stay out of the market and patiently wait for it to bottom 2. Short when the rebound is weak

Why not move when the rising triangle breaks down? Since it operates based on patterns, it must execute to the point.

To survive in the cryptocurrency world for the long term, the only way is to persistently learn and improve one's overall ability. No matter how much money you have, if you don't love learning, you will eventually lose it all. There are two types of people in the market: one type exchanges knowledge for money, and the other exchanges money for knowledge. The four essential conditions for a successful trader are: high cognition 40 points + good mindset 30 points + position management 20 points + technical analysis 10 points = successful trader 100 points.

The crypto world is seen as a wasteland by traditional finance; it is a place where professional speculators harvest the masses. Instead of pondering why this downturn resulted in such losses, it is better to consider how to become a professional speculator.

Buy this Dow Theory and take a look!

The financial market specializes in treating various grievances

Be cautious about what can be controlled, and optimistic about what cannot be controlled.

Trading Note: $LINK short 10X
Entry Reason: Support and resistance position swap
EP: 19.45 (17 minutes)
TP: 13.1
SL: 21.3
Trade Rating: (0 points)
Trade Summary: (The entry price rating is too low, the low rating is due to not waiting for closing confirmation, a lack of patience led to an expected stop loss exit, the line only provided a warning signal and cannot be used as an entry signal, the volume-price behavior near the line cannot be ignored)

Trading Notes: #ENA opened a short position at 10X
Entry Reason: Breakthrough major support level
EP: 0.84 (62 points)
TP: 0.51
SL: 0.918
Trading Summary: (Trading is a game of probability, betting in areas with high probability, but also accepting the occurrence of low probability events. The only thing you can do is manage your position well, calmly accept that things may not go as planned. If there are areas for optimization: 1. Lock in profits with a trailing stop, do not let profits turn into losses. 2. In a downtrend, it is important to be patient and wait for a volume decrease to confirm a pullback.)

Trading notes: #ONDO‬⁩ opened short 10X
Entry reason: Head and shoulders top pattern fell below the neckline
EP: 1.245 (64 points)
TP: 0.94-0.88
SL: 1.245 (pushing protection)
Trading summary: (From this order onwards, stop loss should be pushed for protection, and the profit position cannot be set too far, and you can leave after making some money in the swing)

Trading Notes: #pnut
Trading Mode: 10X Leverage, Quantitative Loss
Entry for Short Position on January 09 at 0.56 (Score 63)
Exit for Short Position on January 13 at 0.61 (Score 0)
Overall Score (0)
Entry Reason: Effective breakout at the lower edge of the box, did not break the downtrend line
Trade Record: Currently holding a short position, take profit range 0.45-0.32
Trade Summary: Looking back at this trade, I didn't wait for the stop loss point and exited early. It feels strange that the resistance level was so easily broken. The issue with this trade was logical; it had already dropped significantly before, and the lower range was too narrow. The support was not a major resistance area, just a small box resistance area, which is meaningless. Shorting here does not offer a high risk-reward ratio. Although it has now dropped back below the box, the ease of breaking through the 0.588 resistance area indicates that this resistance zone is no longer meaningful. It's better to recognize the loss and move on to find the next target. Next time, when shorting, pay attention to the width of the range.

Trading Notes: #Pnut
Trading Mode: Loss-Based Quantification
12.18 Short Position Entry 0.99 (Rating 72)
12.22 Short Position Exit 0.74 (Rating 22)
Overall Evaluation: Pass (62)
Entry Reason: Daily chart descending triangle breakdown, did not break the descending trend
Review Summary: The entry point was good, but the take profit was poorly executed. Should have taken profit at 0.6 on the second bottom test without breaking the level. Even if not exiting, the trailing stop should have been set a few points above the small range, setting it at 0.74 was a basic mistake.

#BTC The calm before the storm...

#BTC Is this form familiar?

#pnut support and resistance conversion, moving in the direction of least resistance

#Pnut Those who want to buy the dip shouldn't rush, there will be opportunities, patiently wait for the exhaustion of momentum to appear

#PNUT Triangle breakthrough, move in the direction of least resistance

#BNB Weekly Level Divergence