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Quinn Angelia Pullens
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$ETH
no good for now. Not looking for an entry until 10.
#MarketDownturn
#daytrading
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Quinn Angelia Pullens
@funky_quinton
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✨ Sometimes Trader Need to Listen to their Intuition I’ve sold remainings of my $ENA on Monday, closer to the top. It was an impulsive thing, not based on particular analysis. Well, of course I expected volatility on red days, but not that much. Call it luck or intuition or instinct, I don’t care as long as it works. Initially I planned to buy it back cheaper. But now it does not look good. So I’m quite skeptical about this one 🤔
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✨ I will keep buying those 20 coins daily until I run out of fiat money 😁 and hold long term. On top of that I’m buying also $DEGO ,$FTT ,$STEEM If I had some more cach I’d probably buy some more PROS too. I hold also number of other stuff, which I’m planning to sell closer to the top (hopefully we will see “top” this year). Buy some more 🛒🛒🛒🛒, but save some USDT for slightly lower prices (probably).💵💰 #CryptoMarketDip
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📊 Availability of Data does not Make Any Difference✨ Nowadays people have access to any data they want on their mobile for free. For example it is trivial to bring up BTC and US10Y charts together in TV and analyze if there is a correlation between them. Yet people decide to believe what strangers on the Internet are writing in news and articles. You have access to any market data you need (almost), you have historical and real-time data, but still following signals and reading random opinions. $BTC $USDC $BNB
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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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