The biggest loss of 2024 occurred in the contracts of $WLD and $USUAL. The quality of these two coins is poor, and coupled with my failure to set stop-losses, it resulted in further losses, serving as a lesson for myself. This experience reminds me that risk management in trading is always the top priority; otherwise, even the best plans can collapse. The first goal for 2025 is to recover this portion of the loss, stabilize my mindset, and readjust my trading strategy. I will be more cautious in the future, persist in setting stop-losses, and strictly enforce them to avoid repeating the same mistakes. This is a long-term practice, and I will work harder to improve myself.
My friend with zero experience of crypto just sent me message and asked me if he should invest in crypto because trump is involved and he launched his coin also.
The market is highly volatile right now and it will be even more next week. Personally i would not take any new trades i actually reduced the risk on my trades as well. Yesterday and day before.
I would suggest you to take some time off, no need to open new trades let the volatility settle and find a clear direction.
i personally didn't like the idea of trump launching his own memecoin it would be fine if he wasn't the president of America. The presidency comes with a lot of responsibility. Imagine how many people will chase his token just because he is the president.
Its also somehow shows his intentions towards crypto that he likes crypto which is good for us being crypto investors/traders.
$ADA Sitting well above that important zone. As long as price is holding above that, Cardano have one of the better looking chart. I have it in my portfolio and i may get some more if it dips into that $0.82 zone
I was thinking, if Trump dies, what will happen to the crypto world? Will it revert to 2010?
CRYPTO MECHANIC
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People are waiting for 20th January like trump will end the dollar and Bitcoin will be the new American currency or he will ask banks to put all their reserves into crypto. š