Many friends may ignore the impact of handling fees when playing contracts, and even think that this fee is insignificant, but in fact, the handling fees of frequent transactions are hidden huge costs. Especially for large positions and high-frequency transactions, each opening and closing of a position will incur fees, which may easily exceed your principal when accumulated.
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To be honest, I don't really like shorting, but there's no choice; the short-term trend is going this way, and only by following the trend can one make money... Anyway, it's impossible to just go straight up; if you want to buy the dip, it's better to wait for a clear reversal before entering, even if the risk-reward ratio is a bit unfavorable!
I just analyzed my views and points on $BTC , and a fan asked me what to do if I can't get in? Let's chat simply:
For me, if I can't get in, then I can't get in, after all, there are really not many points available to open positions in the current market! Not being able to get in just means the market isn't giving opportunities, so I will look for other opportunities. The market is open 24 hours a day; am I really worried about not having opportunities? Money can never be earned out, but the principal can be lost completely!
Also, this question relates to a part of my trading system. For me, I will only open positions at points with a high winning rate and stable risk/reward, rather than opening positions just for the sake of opening them!
This is the daily chart of $BCH , currently in a rising channel that has lasted for 4 months. I think the price has reached a high level now, and there is a long-term strategy to consider: generally, after rising this high, there will be a consolidation at the top before a decline begins. However, looking back at the past of this coin, it has dropped very quickly after reaching a high. You can wait to enter after it breaks the pattern for a long position. You can place a layer for the initial position, and then confirm the break before entering in batches. Even if the market manipulation occurs, losing one layer of the initial position won't have a significant impact!
How to say $BTC , the current top consolidation pattern has already broken down. If this wave is not a false breakdown, it may quickly fall back to 110750. After all, between 113700 and 110750, except for 112000, it's basically flat with no support. If you want to place an order, you can put one at 110750 to catch a small rebound!
$ETH is really boring😒, missed the bus by 6 points, and missed out on another wave of eating……. The upper levels of 3555 and 3625 are positions to short, it’s best to wait for signals to enter on the right side….
Following the trend is always right, $ETH ordered another snack, but my mood is not as happy as making a lot, because I feel that breaking through the 4000 mark is not only a big expectation for me, but for most players as well!
$ETH now the support below is at 3422 and 3300, both are positions to go long. Whether it is the bottom position still depends on the specific market situation, but at least you can make some short-term profits!
This market, if it doesn't wash out to the point that people are scared, it will probably be hard to pull up... Last night I tried to bottom out once at $ETH , and it directly resulted in a loss for me. I can only follow the trend and short; let there be more signals!
Last night, I bought some $DOGE , and I didn't open too much in the initial position. If it breaks the pattern, I will continue to add to my position!
The logic for this trade isn't complicated; the daily trend line has successfully broken through, and the axis level is a large double bottom. The overall direction is bullish, and the 4-hour structure has reached the end, with the pattern also leaning towards bullish. The bottom position is good, the stop-loss point isn't high, and the buying position is reasonable. I hope it has a nice reversal!
Of course, everything I mentioned is just my logic for opening a position; you can listen to it as a reference.
How about this bottom copying of $ETH 3672! The profit has already reached nearly 5 times! Don't say I didn't remind you of this point!
Now let's talk about my trading ideas below: Ethereum has now broken through the resistance of the short-term downtrend line, and next I will only look for long opportunities, reducing short positions!
Successfully bottomed out at $ETH , haha! I've been waiting for this level of 3672 for two days, don't say I didn't remind you, I've been posting about this level for several days!
It's okay, instant profit, I've mentioned this point $ETH 3672 several times, just said it again a moment ago, and here we are, quickly doubling! Not difficult, right? Take a look at my posts, it's better than playing around by yourself!
If you feel like you've been losing money in your trades recently, and your skills aren't the problem? Then the issue might be the 'noise'. Just like a punch, when I first entered the circle, I joined many groups, hoping to find voices that matched my views, but the outcome often ended in disaster.....
If you really want to make money from trading, then the first step is to eliminate the 'noise' and believe in yourself! The market will give you the answers!
I continue to hold short positions at $ETH ; I won't elaborate much on the reasons as I've already written a lot in my previous posts. Tonight, when entering long positions, I will consider entering in batches at the levels of 3672 and 3632!
Find a good entry point, you can't just eat randomly? $ETH snacks at 30 points, this is easy, although I didn't take this order because I'm shorting, but it doesn't affect the accuracy of the entry point. I remind everyone, this decline is very strong, almost no bullish candles are visible. Everyone should take profits when they can, not being greedy is key!