Told ya CPR was good 😎. $ETH is also good, just a bit tired | Quinn Angelia Pullens on Binance Square

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Quinn Angelia Pullens

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Told ya CPR was good 😎. $ETH is also good, just a bit tired today. 
#FuturesTrading  #quinn_tips 

Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.

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✨✨A trader survived 20 years on the Chicago trading floor by not asking why something is happening in the market. People on square are often ask an advice of “professional”. I won’t touch a topic of how to assess if person is professional based on what they post on Square (hint: impossible) 😂 Instead I’m bringing to you a bit of wisdom from professional trader. Enjoy reading a piece of interview transcript below: —— It’s interesting when you hear people say, “What’s going on?” when they can actually see what’s going on. There’s a weird psychological thing where they want it to be explained—why it’s happening—but they’re already seeing what’s happening. You can see in front of you what’s happening, but if I tell you why it’s happening, how is that going to change what’s happening? And that’s kind of a shortcoming for a lot of traders. They ask what I consider to be the weakest question in the hierarchy of questions for investors, which is “Why?” You’re sitting there wondering why something’s happening, and while you’re wondering why, it’s still happening. So you have to react. - “Are you a ‘what’ person?” - “I’m a ‘what’ person, yes. ‘Why’ comes later. ‘Why’ is a hobby. ‘Why’ is fun for me. But ‘what’ is what I do for a living.” - “A trader survived 20 years on the Chicago trading floor by not asking why something is happening in the market.” $ETH $BTC $XRP

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📉 Here’s Why Bitcoin, Ethereum, XRP, and Other Coins Just Crashed 💡 The correct answer is… … nobody knows. It may seem to us that we understand the market and can predict its reaction to certain economical or political events, or at least explain it accurately in hindsight. But we cannot. There are few reasons why I believe that it is the case: Reason #1 Any large market including crypto market is a huge human/computer “neural network”, which processes enormous amount of unstructured data every second. We are all small parts of this machine, like in the Matrix 😂, and we give away a little bit of our brain power to the market when we press the buttons. This Matrix just does not have the Architect 😎. By the time we think we understand where market is going, it has already “processed” all economic and political data, news, events, mood of president and mood of our neighbor next door, and weighted-averaged all of it and presented on the chart. Even worse, on top of all of that it adds some extra randomization, just for fun 🤩 To analyze and predict such a powerful machine we need to have another machine at least as much powerful. One human brain, group of people, or algorithm or bot or AI model cannot do that. Of course money bags who throws a lot of cache to manipulate the market, can predict to some extent the outcome of their actions, but not always correctly or precisely. Even Goldman&Sachs have 20-30 losing days a year 😁 There are few more reasons, they just don’t fit well into one post 😀. $BTC $ETH $SOL

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#CryptoReboundStrategy Just buy a little bit more on spot, but save some USDT for buying more at next dip. There will be a rebound later but not this week, I think 🤔. I’m even thinking about selling some holdings partially this week, buy still not sure 🤔 But market is full of surprise, we cannot be 100% sure. I just believe that in a long term (years) crypto will outperform everything.

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I’ve bought a bit of $MINA at ~0.8. It looked promising then and it is still looking promising. I’m almost ready to buy some more and average down cost. However, entire market is quite confused now and direction is indecisive. So I wait until it moves and then buy some more.

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💡The Death Cross💀💀💀 In hindsight. What would happen if you traded that pattern on $ETH last week? If you traded it the day you spotted it, it would have immediately gone against you. And if your SL was to tight it would have wiped it. If you were lucky to catch those 5-6 red candles you’d get around $50 difference. But it is unlikely to catch its highest high and lowest low, so it would not be 50 in a real trade. And what sort of signal is it if you need to wait unknown number of candles before reacting to it? It is as reliable as flip of a coin 😂. And now ETH price is exactly at the same level where it was when cross happened on 4h chart more than a week ago. Just do your backtests. You have all the history in the charts. Just saying 😁#quinn_tips

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