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Quinn Angelia Pullens
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Bearish
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ADL indicator on my rather small profitable short is 3 out of 4. Have market makers left the market? If so prepare for the big swing.
What is ADL on your future positions on $ETH $
BTC
$
SOL
is showing?
LIVE
Quinn Angelia Pullens
--
Bearish
Iām no expert but donāt average down your longs. I donāt think CME gap bottom is going to stop the free fall.
$ETH $BTC $SOL
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.
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ETH
3,124.63
+2.11%
BTC
91,338.82
+3.83%
SOL
219.87
+4.81%
818
0
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Quinn Angelia Pullens
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āļøDo Not Take Financial Advice from Strangers #BeginnerTrader , please š. It is really painful to read how you are losing your money by listening to other people. In most cases those people are not even a scammers, often they are misguided as well. Do not even take financial advice from me. After reading any of my articles, go and research topic further and make your own conclusions. You will thank me later. I hope š #quinn_tips $BTC $DOGE $PNUT
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#quinn_tips have you ever seen candle stick patterns graphics? Now go to $ETH chart and count how many bullish engulfing candles it created on its way down ššš.
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$ETH approaching a support zone around 2940-2960: 200-days SMA and so called CME gap. I donāt believe it will hold. But it will be smart to watch it and take profit from shorts around there. In worst case scenarios it may not even touch it. My position is the same, Iām just adding to it at peaks and taking partial profits at bottoms, so avg. entry price drifts down and ROI shows only floating profit. Iām planning to add ar around 3130 unless something unexpected happens. It is Friday and banks may want to pull it up to close week in profit.
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Dear readers. I hope you didnāt miss my recent article about hedging. This week Iām seeing wave of articles and posts on Square about different āsmartā āhedgingā strategies for us, retail traders. Iām not saying hedging is wrong or it does not work. Iām saying it is much more complex than enabling hedge mode on futures or covering your spot holding with short. If you try to implement these simplified āhedgingā approaches you will fail, in worst case you will face liquidation, in best case youāll miss profit. It will look like it works in a moment but such strategies will fail even in mid term. You donāt know greeks, statistics, normal and log normal distribution, derivatives and integrals. And even if you think you know them, most probably you donāt understand them as well as hedge funds and market makers and canāt apply them to finances. Moreover, you are missing essential tools used for hedging, like options write and low commissions. And you donāt have infinite supply of money like they do. So what do we do to protect our capital? 1. Learn about Portfolio Management and money management. Diversify. 2. Donāt trade CFDs. If you want to trade them donāt use leverage. If you desperately want leverage, use 2x. 3. Apply risk management to your trades. Take profit, stop loss, donāt leave your trades unattended. 4. Enter and exit positions in stages. Donāt average down loosing trades. 5. If unsure - donāt trade. If you have headache or feel bad - donāt trade. Donāt overtrade. Donāt force trade. Donāt revenge trade. Donāt trade your hopes, trade what you see. 6. And leave complex hedging strategies to pros, we wonāt be able to outsmart them. If your capital is big and you trade big, you may need to apply complex hedging strategies. So you will learn them properly and you will see they are slightly more complex than long asset /short contract / long put. $ETH $BTC $SOL #quinn_tips
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Iām no expert but donāt average down your longs. I donāt think CME gap bottom is going to stop the free fall. $ETH $BTC $SOL
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