📊｜Weekend volatility, strategy flat
📚$ALT has been falling sharply and falling for 12 consecutive days since the completion of the double top trend during the Dragon Boat Festival holiday, and the big brother next door $OP has been even more brutal and has been falling for a month. It started to warm up a little the day before yesterday, but it didn't warm up for more than three seconds and started falling again.
🔻Many people began to think that it was the bottom on the sixth day of the decline, and they opened long positions without setting stop losses. As a result, they were all liquidated. During this period, wheat was also hit with three stop losses. Following the principle of "no more than three things", it has been watching and not making any moves. The trading direction has also changed to pursue a high profit and loss ratio and a low trading frequency.
As we all know, I have posted an article before, saying that the trading frequency, profit and loss ratio, and winning rate are mutually balanced. If you want a high profit and loss ratio and a high winning rate, then your trading frequency must be very low. We must choose a balance between these three, figure out what we want, and then trade.
💡In the current turbulent and falling environment, the high trading frequency greatly increases the risk of loss. The alt rebounded the day before yesterday, but now it continues to fall📉
So the best choice now is to reduce the trading frequency and continue to wait and see. Trading is a science, choose your own trading rules and stick to it🫰🏻
