An update of yesterday’s position!

For now I’ve closed both position and realized some profits. I don’t think today is a perfect time to be “aggressive”. Why? Here’s the key reasons:

1. Entering weekend: on weekends, the market volume will be relatively lower than early weekdays, (i.e Monday-Thursday). In majority, giving a context in “indecisive market”, if there’s a pump it will be not a significant pump. However, be cautious, as there’s different timezone between us.

2. $BTC #BTC☀ fails to sitting at $58,300++ area, combined with strong/high RSI, showing that in short term it’s a little overbought, so I will expect some pullbacks.

Here’s my updated September PnL as a regular individual trader like you, together we’ll learn and make some money on market.

Happy weekend, enjoy your profits: eat a good food, drink your fav coffee, spend some time with friends and family, cheers!

Follow if you like a POV from regular retail trader like you!

When to start using Hedge Mode?

My view on hedging is it can be useful when we use it wisely. My habit is whenever i feel that my position is “hyperbolically” gains, i’ll open a position in the opposite directions with relatively small than my main position.

The reason is i’m always aware for a reasonable traceback after a pump, and when I know that my main position is still has pretty big probabilities of gaining but also would be normal if there’s a traceback, i want to use that traceback momentum to get a little money.

In this picture my main position is $1000SATS and i’m shorting (scalp) $FET since FET was up ~10% and I see some probability of FET’s correction.

However, always look how $BTC behave, and trade with your own conviction.

Psychology Bias

As a regular trader—non professional, managing money for our own self learning how to trade through the internets, we’re usually facing some Psychological Bias.

This Bias can be in multiple forms, like having a big, irrational conviction on your fav crypto, up to bias that we think we have more skills than we actually have.

I’m interested in the second bias, it is formed unconsciously by seeing successful trader on the internet, and we’re a little narcistic to think that we’re on the same level as them, and can consistenly making profits by skills (not luck).

While the reality of regular personal traders is can be seen, roughly, like the picture below. We’ll face some loses and wins. The only way we can win and grow our portfolio is to making sure when we lose, we lose smaller than when we make a win.

Cheers, stay true. #FuturesVsSpot #TradingMadeEasy $BTC $1000SATS

#1000sats $1000SATS #Bitcoin❗ $BTC #September

Feels that the market behave a little indecisive? Worry about market sentiments on September? Read down below:

I was tracing down the market history, specially $BTC ‘s performance on September through all the year. And it shows that on some year #BTC☀ performance on September has been bullish, and also on some year facing some bear trends.

What I keep in mind for right now is, September is the last month of Q3, where some big companies prepares for the last quarter of the year. This can means some of them prepare to buy more crypto, or sell them to realize some profits.

For now, my strategy is focus on several coins/tokens that shows significant volume, and for the past few days are accumulating (stays in relative same area, ups and downs) and trade long/short between the area.

One of them is #10000SATS with its accumulating area between 0.00029x - 0.00032x. I do scalp SATS while waiting for BTC’s trend confirmation, moreover in the coming US election that makes some investor doing wait and see behavior.