A Teo thinks that if you spend 5 minutes reading this article, everyone will have a new perspective on the market in the coming period.
For Mr. Teo, after 6 years in this market, he has the following 5 conclusions:
1. First of all, we must mention the $20 trillion Japanese Carry Trade that caused the Nikkei 225 index to lose 4,451.28 points, equivalent to 12.4%, marking the sharpest decline in the history of Japanese stocks. August 5 is also known as "Black Monday" in the history of the global stock market, when a series of major stock markets witnessed a sharp decline. Therefore, large funds were forced to sell assets in other investment channels to cover losses.
2. Second, Warren Buffet sold 50% of Apple shares and accumulated a record $277 billion in cash. Why would someone as experienced as him keep such a huge amount of cash at this time? He must have seen something wrong, so investors followed suit and sold highly volatile assets (including crypto), cashing out to cash to hedge against risks.
3. Third, Donal Trump's winning rate is decreasing. The US President is the most powerful and influential person on the planet, a non-toxic and anti-crypto person, so the whole market is waiting for such an influential person to take power.
4. Fourth, the problem of political instability around the world, many people think that when there is war or conflict, crypto prices will increase, which is a completely wrong view. At that time, physical assets, such as gold, are the investment channels that many people are interested in. The proof is that gold is currently at its highest price in history.
5. This year's decline has a high slope and large volume, showing that whales have dumped their stocks, causing the confidence of holders to almost hit rock bottom.
So what should we do during this time? With my own experience, Teo will do the following:
1. Divide into 2 accounts, long-term holding account do not touch, consider it dumb, one short-term trading account. If you share one account or have the mentality of looking at it and cutting losses on this coin to DCA into another coin, jumping in and out continuously will erode your account.
2. Always reserve at least 30% of Usdt to prevent risks
3. Limit swing and hold spot orders at this time.
4. Focus on spot trading to profit from small waves
5. Reduce order volume when trading Futures
6. Short-term positions 100% stoploss
The 2022 bear season has been so difficult that we have passed it, there is no reason why we cannot endure this period! We are currently in the early stages of the blockchain era, and Teo still views an upcoming uptrend. As long as we have discipline and clear capital management, life will really change for us!
TRY YOUR BEST!
* What do you think? Comment and discuss!
#MarketDownturn #Vietnamcryptotrading
