🔥 "There's no such thing as getting rich overnight" A long-time trader's sharing:
First: There is no such thing as getting rich overnight in this financial market; everything has to go through a process.
Second: There is no way to read 1-2 good books or watch 1-2 videos and become an expert; an expert must have over 10,000 hours of continuous activity in that field. So, you should stop thinking that reading 1-2 books and watching 1-2 videos will make you a great trader!
Third: Don't think that because of 1-2 profitable trades, you understand the entire market and are the best here. It takes time to know if a horse is good; 1-2 trades are nothing.
Fourth: If you make a profit, take it early; typically, there are some who trade large lots but only earn 1-2 pips—what's the point? Not to mention losses, which you tough it out and deposit more, then burn out without realizing it. If you win 1 but lose 10-20, you might as well sell your house because you won't profit.
Fifth: You should also stop thinking that having a large capital makes it easy to profit. This market requires knowledge; if you can't make a profit with $100, you won't with $100,000 or $1,000,000; it’s the same percentage.
Sixth: It is a profession; you graduate from university earning 10-20 million, while in finance, you can earn hundreds of billions without having to learn anything? Just step in, and you have money?
Seventh: Stop relying on bots, unless you can code that robot yourself. Most robots are made by the brokers, and profits are consistent; do you think the broker is just giving you money?
Eighth: Indicators should only be used when you thoroughly understand that indicator.
Ninth: In finance, scams by brokers happen frequently, so you need to be alert and choose trustworthy individuals. Nowadays, there are few Thach Sanh and many Ly Thong.
🎯 Trading is not a game that is all about trading methods but a combination of 3 things:
1️⃣ Capital management 2️⃣ Trading methods 3️⃣ Trading psychology
🚦🚦 Before placing an order, you need to determine 3 factors:
+, Determine the amount of money you can lose in 1 order (1-2% of total Trading account)
+, Have Entry, Stop loss, Take profit
+, Calculate the volume to place an order.
💖 For example: I have a capital of $5000.
Determine 3 factors:
Case 1.
1. Risk of stopping loss of 1 order $50 (1% of account=1R )
2. Long BTC Entry 10000 Stoploss 1% Capitalize x100
3. Calculate Volume to enter the order:
Volume = (R/% Stoploss) x 100= (50$/1) x 100= 5000$
So when you are hit by Stoploss, you will lose 50$ (1R)
Case 2:
1. Risk of stopping loss of 1 order $50 (1% of account=1R )
2. Long BTC Entry 10000 Stoploss 3% Capitalize x100
3. Calculate Volume to enter the order
Volume = (R/% Stoploss) x 100= ($50/3) x 100= $1666.67
So when you get Stoploss, you will lose 50$ (1R)
Case 3:
1. Risk of cutting loss 1 order $50 (1% of account = 1R )
2. Long BTC Entry 10000 Stoploss 1% Leverage x50
3. Calculate Volume to enter the order
Volume = (R/% Stoploss) x 100= ($50/1) x 100= $5000
So when you get Stoploss, you will lose 50$ (1R)
💨 Through the 3 examples above, we can see that Leverage is not really important when trading. Because leverage does not exist in this type of volume calculation formula.
Similar to example 1 and example 3, the only difference is the leverage x100 and x50. But the Volume is 5000$ and when the Stoploss is hit, it loses $50.
Unless you want to play big (exceeding the account risk), you need a large leverage
🔥 Don't place orders without capital management, burning your account is a matter of time. 🔥
If any of you friends are paying attention to the trading volume and rankings of the Coinbase app, you will see that retail in the US is back!
Currently, a lot of retail investors in the US have returned, but they still don't know what to buy, and the volume is concentrated on US stocks like $XRP $DOGE $HBAR $XLM and a few prominent memecoins that took their money last season!
$PEPE just got listed continuously, so no need to mention that!
But what is noteworthy is $SUI - that's right, $SUI, not $APT, a US asset that is very much being FOMOed by the citizens of the land of the flag!
The altcoin season is clearly stirring up, money in the US is flooding into crypto - just sit tight and wait to see the market price action.
---> Try not to get dumped during this period 🔥🔥🔥🔥
$BTC DOM has not broken down yet to make room for altcoins to run the wave!
However, nothing increases forever and nothing decreases forever, this is the financial market - sooner or later DOM will decrease and altcoins will also increase strongly!
Every link of a cycle is operating very well!
Right now, the previous cycle from April to the end of 2020 was the time when the ponzi farming trend on DEX was very intense, it was as famous as the current meme, even more so when the presence of large funds in farming like Alameda
If last season, you guys jumped to play ponzi DeFi to kill each other, making altcoins lighter, then this season it is memecoin, the altcoin train is getting lighter as the market's attention is all on memecoins!
To be frank right now TECH > MEME, the only way for Tech coin to go up is PRICE MARKETING
Recently Binance listing, Meme list is pushed but technology is not!
So of course Binance must push a good Tech x5-10 to maybe attract users back to love technology to solve the meme story that is too hot.
But looking at the current technology lineup, to be bold, I probably only dare to choose the AI coin niche or even RWA, which has enough potential to become big, but the rest is like panning for gold.
Anyone who is holding altcoins, especially technology coins, be patient.
$ BTC continuously breaks ATH, altcoins only memes increase, the rest are mostly mediocre, entries are still good. Cash flow will soon flow to altcoins.
At this stage, the most important thing for you is PATIENCE. Whoever is PATIENT will be the winner.
I still take a little out to punch memes and take regular profits from technology coins.
$BILLY, the item that followed $DOGE yesterday, whoever bought it has made a profit today
Why are these the four immortals in the market, whether the wave is up or down! 🔥🔥🔥 You should read:
- When the wave is up, it is always the leading coin:
- $BTC Potential customer market - $ETH leads the L1, L2,... hsts - $LINK this season leads RWA - $DOGE leads Memecoin or this season $DOGE can be called a product shilled by the Government. When recently, President Trump appointed Elon Musk as the head of the Department of Government Efficiency or abbreviated as "DOGE".
- When the wave is down, when compared to the general level, there is always a gentler decrease amplitude and it is also safer to hold for a large portfolio.
A little different from previous seasons is that memecoin has become the main trend for the current season. This is a niche that is currently attracting more users and volume than the remaining niches.
As for Techcoin, sooner or later it will regain its position because:
- Tech is the core of the market, although it has not been applied too much, the story of tech is long and wide enough to create highlights as well as a roadmap for the market in the long term instead of the short term.
To be successful in the market, you need to have some skills !!!
🚨 1. Research and learn. You must constantly learn, constantly improve your knowledge and practice your skills. 🚨 2. Control yourself well. Emotions will greatly affect trading results. To achieve good trading results, you must keep “a hot head and a cold heart”. 🚨 3. Trading requires more patience than agility. Most of the time traders do only one thing, which is to sit and wait.
$DOGE already has this power and adds the D.O.G.E group, who can handle it!
So this season Techcoin is just the logistics for Memecoin explosion, huh guys? With $DOGE shill at this government level, it won't be long before F0 lands in the market.
Who is holding $$DOGE of any memecoin?
2 main shillers this season Trump + Elon = Trend Meme x100
To have good profits, you need to stabilize a trading system!!!!
So what does a trading system include?
👉 1. DETERMINE THE TREND -> INCREASE OR DECREASE, INCREASE TO BUY AND DECREASE TO SELL
👉 2. Find the entry point (this is extremely important) Find the optimal entry point for your system
👉 3. Set stoploss, the stoploss level will of course depend on the nearest support and resistance that you believe if the price surpasses it, then you have been wrong and accept to cut loss. If you cut loss on a trade too much, you will easily be affected psychologically and move the stoploss or when hitting the stoploss and losing a lot of money, the pressure will make you lose your calm.
Update $BTC and USDT.D a little bit for you guys! $BTC has the current trendline resistance of $90K8 - $91K2 guys
What about USDT.D? Currently also in the sensitive zone, the previous wave touched the trendline and then turned up => altcoin decreased by 30 -50 - 70%
1. Trendline, continue to decrease by about 2.6-2.5% => Altcoin has an explosion like Q4/2023-Q1/2024 2. Touch the trendline and recover to 4.9% and start decreasing from here => Anyone who remembers the positions from the previous wave, can buy when USDT.D touches 4.9%
- Futures: Because of the sensitive zone, all LONG positions with bad entries should be closed for profit or stl entry.
- Spot: If the spot position is good, you can hold it until USDT.D reaches 2.5%.
Wishing everyone a bullrun season and WIN EVERYWHERE YOU FIGHT.
Experienced traders all understand that a trending market is the easiest to trade and offers the best profits. The stronger and more sustainable the trend, the more profit it brings. In a trending market, don’t try to enter trades against the trend or you might burn your account.
👉 2. Are there any important support and resistance levels near the entry point?
When the market enters a bull run, the best thing to do when you have enough assets is to sit still!
Of course, while you are sitting still and holding, there will be countless reasons ABC directly affecting you to get shaken up.
1. Holding Altcoin but constantly getting shaken by rapid adjustments in $BTC like false dumps and then missing the chance to buy back in time => losing your position due to optimization => and always holding the mentality of waiting for the price to drop deeper than the price you sold before buying back => in the end, when the coin has gone through the entire price increase cycle, you can't resist jumping in to buy => sometimes resulting in losing all your initial gains.
2. Seeing your friend's coin, which is better and rising sharply with the market, while your coin also increases but not as efficiently => Jumping to buy the strong coin and in the end, your held coin skyrockets. Personally, I feel that sometimes it's unnecessary to compare one rising coin with one falling coin, but rather to compare both rising coins based on their performance.
3. A list of appealing new coins, creating a FOMO story, but the truth is that very few realize it is at the beginning of the wave, and only after a few strong cases have increased do people sell their held coins to jump in. Ultimately, they get dumped on by MM and exchanges.
4. Once you sell, you should divide your sell orders into several price zones to avoid the psychology of selling, then seeing the price rise again, which leads to the desire to re-enter. Altcoins move very quickly and create peaks just as fast; if you happen to chase them enough, there won't be a day to return to shore.
=> In my view, it's still best to spread your sales over multiple orders, look for other assets if there are solid ones to jump into; otherwise, just go back to $BTC or $USDT depending on your perspective and the position you want with the market.
There are countless reasons why just because the market is up doesn't mean you'll profit, my friends.
💥💥 To succeed in the market, you need to have some talents.
P/S: You all SHOULD READ AND RE-READ THIS. It's not excessive! 👌
🚨 1. Explore and learn.
You must continuously learn, constantly improve your knowledge and hone your skills.
🚨 2. Control yourself well.
Your emotions will greatly affect your trading results. To achieve good trading results, you must maintain 'a hot head and a cool heart'.
🚨 3. Trading requires more patience than agility.
Most of the time, traders do one thing only, which is to sit and wait. When the trend is not clear, wait until it becomes clear. When the trend is clear, continue to sit and wait for a better entry point.
When you have a better entry point, you must wait for a confirmation signal, and even after entering the trade, the trader still has to continue to sit and wait for the exit signal from the market.
If you are an impatient person, trading is not suitable for you.
🚨 4. Adhere to the rules.
This is one of the most important factors that help traders survive in the market. If you cannot follow essential rules, do not participate in trading.
🚨 5. Accept that you are wrong and start over, do not engage in losing battles such as holding losses or overtrading. The strategy of holding losses and overtrading is only for those with extensive experience in the market and strong capital.
»> No one can win forever or lose forever. What matters is that you make a profit. 🔥
When the market enters a growth phase, holding profits often feels much more difficult than taking losses. Especially during strong price rallies, you will see plenty of information on social media about coins that are soaring in value, while the coin you hold shows no signs of growth.
Perhaps recently, you have been feeling anxious witnessing Bitcoin continuously breaking new ATHs, while your account still shows no signs of recovery, and other coins remain stagnant. This makes many investors feel worried. However, remember that every coin has the opportunity to grow; the important thing is that you need to be patient and wait.
In particular, it is even harder to hold onto profits because when a coin surges and then corrects, the feeling of loss can be very significant. For example, when you are holding $SUI and see your asset value increase 5 times but then decrease by 20-30%, feelings of regret and remorse will arise. During growth phases, seeing price fluctuations is unavoidable.
Finally, accepting "holding losses" for the past 8 months means that seeing a coin increase also needs to be measured in months. Don't rush after a week of price increases to jump from one coin to another. Be patient and trust your choices.
$BTC has reached a peak of 77200 (quite close to the 78000 area). Currently, it continues to diverge and Boll is tightening - it's easy to break.
Today is the weekend with low volume, and BNB has surged again, which is a bad sign. BNB is extremely manipulated after the FUD in September 2023 that brought the price down to 202 (the 200 price is a trap for a bunch of whales). After that, there was a drop to 400 and a strong surge. Throughout the end of 2023 - currently, the price has always been maintained in the range of 500-600. So I think BNB is heavily manipulated.
CZ also just tweeted about the market. Usually, every time this happens, the price tends to drop.
Many billions of $ have just been minted and gradually deposited onto the exchange. This amount of $ probably needs a place to be spent.