Prince Arkad

Situation: picked up a coin on the spot last night, placed an OCO order. This morning I wake up and see that only the stop-loss remains of the two orders, while the limit-maker has been deleted. This has happened a few times before, but not often. A question for the experts and for Binance - what is this, a glitch or intentional cancellation?
Friends, be careful with such things. Trading on the exchange is a serious matter.

$RARE is currently practically at the bottom, from which the price has previously bounced. This coin loves to give massive green candles, I am feeling positive. The main thing is patience👌

Is this stupid Trump meme-coin pulling capital out of alts again?
What was not clear from the first time?

$BTC
Wow, what a dump it will be today👌

Yesterday's crypto summit😂😂
What a joke😂
I was right after all, it happened just as I wrote in the previous post😥

Today, the only topic of conversation is the crypto summit.
Most people are waiting for green candles and good growth. But, as experience shows, often everything happens just the opposite.
Stick to risk management according to your strategy, especially during such market manipulations (and that is exactly what this is).

Well, gentlemen, is it already alt season or not yet? 😆

It's been almost 9 months since I started delving into cryptocurrency and engaged in spot trading.
Interestingly, theoretically we may know what we can do and what we can't, but we still make common and trivial mistakes.
My deposit has decreased by 2/3 due to my own actions and mistakes, so trivial and widespread that it's almost embarrassing. 😅

"Invest only the money you are prepared to lose in cryptocurrency"
This golden rule is the only one I did not break on my journey and I am very glad about it.
Any experience, even if negative, is valuable.

If it were easy to make money trading - everyone would be millionaires.

The current market situation teaches us to ALWAYS keep money in reserve.
Cryptocurrency often goes against logic and common sense, so risk management should come first. It is the only thing we can control when making a deal.

The market has once again demonstrated its unpredictability. Let's hold on, friends, emotions have no place here.

I just finished watching Jerome Powell's speech and noticed something interesting.
First: he didn't want to comment on anything related to President Trump. And as we know, Donald Trump said that the rate should be lowered.
Second: last time Jerome said that creating a Bitcoin reserve is not being considered, or something like that. Today he wasn't so "anti-crypto" when he was asked a question at the end of his speech.
I wonder what they're doing behind the scenes😏

But whatever - the market reacted positively and I bought some more $BTC

Spot trading is considered safe, because if the deal goes against the trader, he does not lose money until he sells at a loss.
That is, in which case the trader turns into a holder and waits. And the wait can be unbearable and very long. Of course, you can do DCA, but even here no one gives a guarantee of a positive result and even more so a quick rebound in price.

It is psychologically difficult if the entire deposit is in coins. Every morning, opening the exchange with hope only to spoil your mood, because everything is red there and the deposit inevitably melts. And imagine that trading is the only source of income for such a person? Maybe he physically cannot earn otherwise.

In one of my posts, I already wrote that it is better to focus on short deals with 3-5% profit to reduce the likelihood of drawdowns and getting stuck.
Today I came to the conclusion that you should also trade only good tokens with history and fundamentals like $BTC , $ETH , $ADA . They have a large community, so the probability of a price rebound is higher if the deal goes against us.
Green candles to all, friends!
#Spot

In general, I don't like such publications, but I still want to share my opinion about the altseason. Yes, yes, I understand that this topic has already specifically gotten to everyone, including me.
I'm new to crypto, I know very little and even less about financial market analytics.
At first there were posts like "Altseason is coming! Another 1 hour and there will be Xs! Buy the whole cutlet!" Typical infogypsies that make you sick🤢 Day after day the same thing, we've all seen it.

And then the other day info appeared that there were more than 36,000,000 tokens. Now the same gypsies are shouting "Altseason has been canceled, liquidity is blurred and it's impossible! Sell and run! We're trapped"
Posts like this are written to grab our attention and, possibly, cause panic.

I suggest you use your own brains and think. Remember how Trump won the election? Remember how the market suddenly revived and liquidity appeared? The altseason index indicated that it was the same altseason, albeit for a very short time. And it was the same 36,000,000 tokens.
Personally, I don't believe it will happen. But it's possible and we've seen it. Draw your own conclusions.

#Altseason

Does anyone else have money left to "buy back the bottom"?😅
If you bought "on the highs" with me in mid-December - I sympathize with you from the bottom of my heart. I did it due to lack of experience, maybe I let the "infogypsies" get into my head and, to be completely honest, I didn't follow the strategy. The conclusions have been drawn, although this experience cost me dearly.
Such moments of sharp correction $BTC , which entails everything else, can have a bad effect on the mental state, but we must continue. The main thing is to have a clear strategy and strictly adhere to it.
Green candles to us, friends!

Today I converted $TON to $XRP .
I have been a believer in TON for some time, but it turned out to be a weak link in my long-term portfolio and I made this decision. Of course, it would be better to just add XRP to the portfolio, but at the moment there is little free money. Let's see what happens.
I will collect coins every month regardless of the price.

Does anyone else have the urge to smash their phone when you look at the stock exchange?😅
They say that if you're on the spot, you need to relax. They say you're not losing anything.
And what about time? Psychological balance?
Someone will say that I'm too emotional and have excessive expectations. Who knows, maybe.
But agree that crypto gives crazy percentages down, and recovers weaker every week.
DCA, damn it, should be pulling out positions, but instead it increases losses🤷‍♂️
Maybe it's worth changing the approach to spot trading, as I wrote in a recent post?

What are anyone's thoughts on the dominance of $BTC ?
In my opinion, if a crypto reserve is created in the US, then Bitcoin will definitely be there, accordingly, it will be bought at the country level, and this is a lot of money. It is unlikely that dominance will decrease under such circumstances. And this is not very good for altcoins, they are already not showing good dynamics.
Maybe it is worth considering closing some positions and converting to $BTC ?

$BNB
In half a year of acquaintance with cryptocurrency, BNB is my best investment. Let's not talk about launch pools and the like, this is already obvious. It is a token of the largest crypto exchange in the world and holds a fairly large share of market capitalization (as for an altcoin, of course). Because of this, I believe that it has the prospect of further growth and development. In addition, in my portfolio it has shown itself to be quite resistant to market turbulence and I will continue to buy it every month, regardless of the cost.

I've been trading recently and on the spot. Yes, I'm a beginner. However, I've already made some conclusions. Trading cryptocurrency makes sense only for the short term, swing trading is ungrateful here, even if you use DCA. The longer we hold a position, the greater the chance that we will catch a drawdown, buy more and wait for a reversal. It can be several days, or maybe several months, and all this time your funds will be "frozen". Therefore, it makes sense to catch short deals for 3-5% profit, the so-called scalping on the spot.
Technical analysis is cool, but as soon as $BTC make a downward movement, the whole market immediately follows it and falls even more. And then where are all those lines that we drew on the chart?😅
This market is ruthless and heavily manipulated by whales☹️