When $BTC developer luke broke the news of huge negative news, I saw this tweet. At that time, ORDI was still on the technical line. This negative news did not seem to have any impact on ORDI. I also chose to believe that ORDI would continue to rise along the trend line, and even increased my position before the plunge.
As this news continued to ferment in the Chinese circle, the price finally couldn't hold up. If the US area chooses to pull up the market at night, then the trend will most likely continue. On the contrary, if the US area also chooses to continue to dump the market, then this is very likely to be the end of BRC-20.
Lesson 1:
Since you have chosen to do short-term trading, you must restrain your greed. Since you have already made a profit, and in an environment where the short-term increase is so huge, you must be more cautious about chasing the increase and lock in the profit. Only by doing every transaction steadily, as long as you make a profit, no matter how much, you will have a considerable return in the long run.
Lesson 2:
In terms of news, if you cannot determine whether a piece of news is bad news or good news, for the sake of safety, you should be more inclined to believe that it is bad news. In addition, in the face of obvious bad news, you must act decisively and never be wishful thinking.
The purpose of trading is to make a profit. No matter what, you must always be prudent. Remember that technology is a means of trading, but not all means. Risks always run through the entire trading process.
