Friends, make sure to follow your own thoughts and not be overly influenced by others.
I've been trading for a while now, and I initially made a decent profit of about 30%, but by the day before yesterday, I lost half of my principal. This was all because I followed the pressure from various public opinions, which affected my trading decisions. I was afraid of pullback pressure, repeatedly going long and short, and ended up losing a lot of money.
Retail investors must watch many channels for explanations, and some may even join discussion groups for more in-depth insights. You can understand the situation and refer to others' suggestions, but remember, it should only ever be a "reference"! Most people in the group are primarily day traders, focusing on ultra-short trades, and if you miss just a few minutes, the market can completely turn!
For those who trade in waves and mid-term, also mostly retail investors, please be sure to trade according to the "trend." The main focus should be on "external information," with "technical indicators" as a supplement. Don't hastily act on signals to go long or short; profits are usually just a few points, and funding fees and commissions will eat into them, so don't be too clever!
And for those KOLs who are always worrying about pullbacks, they are actually not afraid at all. Whenever it's time to enter the market, they will always show up to go long, and only after the peak is reached will they tell you they made some profit, just placing it in their own member group. Such people shouldn't be trusted too much; they are just out to scam membership fees.
Finally, let me summarize the thoughts for everyone:
1. The market is moving; there must be a trend. Go long or short, but don't just lose—continue to hold.
2. Don't close all your profitable positions; keep a little room to see the direction.
Friends, happy Halloween! 👻👻👻 Congratulations in advance to friends who have jumped on the long positions this month; there are only five days left until the election. Based on previous market conditions, I can boldly predict that even if there is a pullback, it will not exceed the support point below 0.618. As for why? First, we can see that Bitcoin has very strong support around 71400. At the short-term level, 72000 is also a resistance support level. Although it seems that the big coin cannot rise much in the past two days, it is also obvious that the price is not dropping significantly, so we can conclude that we are currently in a phase of adjustment.
To put it simply, is there anyone who wants to follow each other back!
We can follow each other, I will regularly update content here, feel free to chat with me about anything below, and occasionally I will also post some important information for everyone to reference, let's be friends and make money together!
Participate in Halloween activities to earn some change. What are your current views on Bitcoin and Ethereum? Are you bullish about reaching the previous high, or do you think it has already peaked? ?