I am really disgusted by this coin, I feel like throwing up. I make profits with almost all my other coins, I arbitrage in the range with alch, I profit from both shorting and longing $PNUT, but I've been losing consistently with this coin mubarak.
Reviewing the only loss from yesterday, I got carried away, and I even closed my other positions to add to this coin. After that, I kept losing. I actually noticed that it was in a downward trend, but I didn't cut my losses in time. I didn't want to interrupt my winning streak, but there was no way in the face of reality. I’m posting this to remind myself of that moment. These ancient coins that suddenly spike in the middle of the night should really be avoided; they are too disgusting. I've seen several like this.
Doing this coin ($UMA ) has really disrupted my discipline. I've been pulled back and forth, and when I should have cut my losses, I didn't. I kept holding on. Even though I say I'm making money now, I know this coin has disturbed my conviction. Fortunately, my position management is still good, and I've managed to lower my cost. Otherwise, even if it goes up, I still won't make much money. It's strange; every time this coin has unusual movements three minutes before the end of the 15-minute line, it will rise when it's supposed to fall. I no longer plan to trade this coin; it has truly broken my trading discipline.
Today I made trades on all the coins on the gainers list. The trades weren't large, just small ones. In fact, I'm quite disdainful of altcoins; I mostly trade BTC. However, I feel that BTC hasn't had much volatility in the past few days, making trading it less meaningful. I believe that contracts are about predicting external volatility. Since I predicted there wouldn't be much volatility, it didn't make much sense to trade BTC, so I turned to the coins on the gainers list. I almost traded all of them, of course, with small positions, I made less than 100 USDT, but fortunately, all were profitable. I think there are some tips for trading these, for example, I look at the MA line and then wait for signals. I call a certain candlestick pattern a divergence line, which is equivalent to the Chinese character '中'. Here, I assess the overall trend. The reason I don't focus on just one coin is that I believe getting too accustomed to one coin leads to one-sided thinking, which can easily cause self-indulgence. Additionally, altcoins often use 4x leverage, but some trades are opened at 20x. I immediately close those because switching to a different coin defaults to 20x. My BTC trades are at 10x. Indeed, trading altcoins is much more tiring than trading BTC. I keep a close eye on the candlestick chart, and once I'm confident in the trend for BTC, I generally won’t look at it again.
When dealing with altcoins, you should not fixate on just one type of coin, as it can easily lead to rigid thinking. The biggest characteristic of altcoins is their high volatility. If you make a profit on a long position, many people will continue to enter long positions, but the market trend can change easily within an hour. Use the hourly chart to observe the trend, and the 15-minute chart to determine entry points and take profit levels. Avoid the 3-minute chart, as it really has little reference value. Keep your take profit and stop loss levels as small as possible. With so many altcoins available, high volatility indicates larger fluctuations in the range, and a strategy of small profits with high sales can also be very comfortable.
Every time there is a significant fluctuation, a period of consolidation is needed. This is actually very suitable for range arbitrage. It is a real emotional consolidation, jumping back and forth within a price difference of 500-1000. My suggestion is to liquidate and compound, and feel the market.
Before starting a trade, it's important to understand why you are making this trade. Is it based on information? Or is it based on candlestick patterns? Holding onto a position isn't scary; what's scary is when you've reached your profit target but still hesitate to exit. Many times, people haven't made a wrong call on the trend; it simply comes down to buying and selling. The ratio of buyers to sellers is almost 50%. Of course, I am only talking about BTC. But even when both sides are correct in their 50% direction, why does the 80/20 rule still exist in the market? Because many people cannot overcome human nature. When faced with fear and greed, people exhibit primitive mindsets: one is high leverage, and the other is the reluctance to close a position even when they are making money. Among those who correctly follow the trend, only 30% succeed, leaving just 20% of market participants profitable and surviving.
In the past couple of days, the trading volume of BTC has been several times higher than last week. It feels like something big is about to happen; it's very strange. Even though the trading volume is high, the price hasn't changed much and has been fluctuating sideways. Logically, when the trading volume increases, there should be a significant rise or drop, but it has been fluctuating between 81000 and 83000.
The direction was correct, but when facing losses, I panicked and closed my position. Later, the price moved in the direction I originally expected. This feeling is the most painful. At this moment, I really want to enter the market again, but entering would lead to further losses. It's better to just take a break and not look at anything, to maintain my resolve🥹
The price of bnb can be related to the recent mubarak. A large part of the reason for the rise in bnb is because of it. Its price has dropped, so bnb naturally will not continue to rise against the trend. Then how to look at the primary price of meme, which is mubarak, actually it's good to pay more attention to whether the public opinion is good or bad. In this purely primary meme market, the K-line has little reference significance. Sol is still continuously not optimistic, it has been severely overdrawn. I mentioned a month ago that the primary meme would be swallowed by bnb in the market. The liquidity for playing the primary is just that much money. I haven't updated for several days, I've been moving recently.😘 #BNBChainMeme热潮
These counterfeit accounts are either stolen accounts promoting Trump or Kaito's official account that has been hacked again. Is there no new plot in domestic productions? Playing with counterfeits is simply playing with fire $TRUMP $KAITO
bnb really made it through memes, I even argued for a long time with people in my comment section about it 😂
量化大表哥
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Someone asked Big Brother again, if you don't have faith in SOL, which coins do you support? First, $BTC I have always believed that the only truly decentralized coin is BTC, and in the future, it will still be BTC. The only safe-haven asset, the only asset that can be invested in for the long term, will also be BTC. It won't be like ETH, where V's sell a couple of ETH to fund their lifestyle when they are short on money, or where foundations sell ETH at market price when they are low on funds. It also won't be like some altcoins that can be infinitely minted. In the next decade, it will be fully mined, and there will only be that amount. Satoshi Nakamoto won't stand up and speak or move his wallet like anyone else. Second, recently, I am optimistic about $BNB . Although the Binance team did not listen to user feedback some time ago, now both He Yi and the product managers of the Binance team are actively collecting user opinions on the front line and improving Binance's products. Additionally, CZ has been consistently supporting BSC. You must recognize the power of public opinion and acknowledge the influence that figures or institutions have on coin prices. Those who were once high and mighty are now turning back to the front line, which absolutely boosts user confidence and will certainly encourage the rise in coin prices in the near future.
Simple secondary trading, if you don't go back and analyze your losses yourself, listening to those courses has no effect at all. Use a small position to feel the market; the more money you lose, the more you can learn. Asking those big shots every day, even if they tell you something, it's still hard for you to understand. It's better to understand the market more on your own and analyze your trades. A few words from your analysis can be very effective.