This is a feeling that Alden is sure any trader experiences to some extent, having those mornings when they open the chart and just want to... close it again.
Not because of losses, but because of the familiar tug-of-war feeling: 'If I close, I'm afraid the price will keep going, and if I don't close, I'm afraid I'll lose my profit'. “Closing early feels regretful, holding long feels fearful.”
And it's always like that, whether winning or losing, I still always feel... wrong.
This is a formula that Alden has shared with everyone before, but it is a very important rule in trading charts, and to play the game we must understand the rules, so today Alden writes this article in more detail to share with everyone about this 2-2-6 formula.
Through years of accumulating experience in trading, Alden realized one thing: The financial market is a place where emotions are amplified, data is chaotic, and opportunities and traps are often intertwined on the continuously running chart every day, every hour, every minute, every second. Each day, dozens of signals appear on the screen: price exceeds MA, unusual volume increases, engulfing candles, news impact, divergence… The question is: which ones are worth entering? Which ones should be avoided? And without a reference system to filter, we can easily get drawn into seemingly attractive situations that are actually just false probabilities. And immediately we shift from the position of a trader to that of a gambler.
For newcomers, this may sound paradoxical, but in trading, things that go against intuition are sometimes the most effective. Almost all traders have experienced phases of staring at charts for 12 hours a day, opening every time frame, even the 1-minute frame, continuously refueling with coffee, as if entering trades was the only way to survive in the market. When there are no trades, they feel uneasy. There is a feeling that if they do nothing, they are 'wasting opportunities'. But gradually, they realize that the more trades they enter, the thinner their accounts become. From there, doubts arise about the market, doubts about the system, doubts about themselves, doubts about the very path they are on...
Currently, the economic issues are quite sensitive, so Alden will occasionally share macro insights so that you can grasp the situation and gain additional perspectives to observe your life and business. The criteria are simple and easy to understand so that anyone reading can comprehend. If you want Alden to write more articles on macro topics like this, please leave this emoji 👉🏻 🥰 🥰
still following the assessment from noon, I will cut 10% of the ETH I hold, waiting to see, after all, there are ETH positions bought at 1k4 1k5 that have already more than doubled, taking profits is never wrong
tư duy crypto
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BTC.D is falling quite quickly, breaking out of the bol, the likelihood is high that by the end of the day, or tomorrow, there will be a trend of recovery, brothers should not fomo into altcoins at this time.
the alt strength index is rising quickly, but new capital is flowing into top coins, please watch the video on money flow rules to understand clearly #ETHBreakout3.5k
BTC.D is falling quite quickly, breaking out of the bol, the likelihood is high that by the end of the day, or tomorrow, there will be a trend of recovery, brothers should not fomo into altcoins at this time.
Have there been times when, while trying to achieve a certain path, job or field, you felt down, lost energy, or discouraged? Well, we are all the same.
But through times like that, I realized that no one can stay motivated forever, even the people you admire the most. The only difference is that they know how to keep themselves from falling completely.
When ETH was 1k4 1k5, people were shouting to buy, then when it reached 1k7 1k8, they were still scared, then at 2k4 2k5 they started calling for positive DCA, then again at the 2k9 area, now it has reached tp1 at 3k2, waiting to observe this area to see what happens #ETHBreaks3k
Yesterday, we celebrated 8 years of #Binance with the community that made it all possible. It was amazing to be there and feel the energy of such a vibrant community.
INDIFFERENCE WHEN THE MARKET IS SIDEWAYS - EXCITEMENT WHEN PRICES RUN! WHY DOES IT KEEP GOING WRONG!
Excerpted from Alden's writings!
Most traders and investors are often very passive in front of the market. It’s not that they don’t know how to analyze, or lack knowledge, but simply because they haven't controlled their emotions and are led by the market. This is especially noticeable in two typical states of the market: the sideways phase and the strong volatility phase.
When you participate in the financial market, we certainly cannot overlook the existence of large organizations, investment funds, banks, and even the government, which are partially involved, and we often refer to them as shark groups, whales... manipulating and creating directions in financial markets. But do you know that sharks can also fail in their price manipulation plans? Let Alden share a story with you!
welcome #BTC 120k , are you guys stocked up? or are you afraid to sell at 74k again, if you are holding alt just hold tight and wait for BTC to finish running, there will be waves for alt