$BTC th market is so red that it's hard to know where the bottom is. Buying DCA is the most reasonable now. Prioritize BTC and ETH. If you're at the peak, there's still a chance to recover. Holding altcoins is very scary right now. They are as numerous as autumn leaves, and even in an uptrend, it can't push everything up, too risky.
Crypto this year seems chaotic. Presidents are shilling coins and dumping on investors who suffer heavy losses. New coins are being created every day and continuously dropping in value. The market now looks like a garbage dump everywhere you look. Because there are no rules, they take advantage of their reputation to make money. After all, only BTC is the true love. Because behind it, there is no one. And it is also not subject to inflation; it even diminishes when people forget their wallet codes. I don't know what the future holds.
We should be cautious in managing risks; let's not invest too much money in this market, everyone.
$HEI this season I picked up 2 Hei and Trump right near the top. Now I don't dare to fomo anymore. Hei 1.45 is already at the peak of my life. It's all about hoping to ride the waves with a bit of capital, but in the end, I just get burned.
$TRUMP this brother is already familiar with shorting. Just show up and short, then if you hold on, there will be money. This time, let the house have back both the principal and the interest, okay?
I wrote down a few mistakes of you future traders that make you shoot yourself in the foot, causing losses not due to the market: 1. First, play carefully to win, then become complacent and go with large volume. When the large volume increases, slight price fluctuations can lead to significant account losses, causing panic: either cut losses quickly, or the price reverses, resulting in double losses ☺️ when losing, the psychological impact increases. A few rounds and all capital is gone. 2. No stop-loss, this is the method that brings the most victories when the price is trending, but once the wind changes and the price moves against your prediction, you can lose everything in one trade. 3. Trading highly volatile coins, usually trading x10 x20, but trading volatile coins is like x50. It's easy to panic and cut losses everywhere. 4. Trading many orders, with large volume. The fear of losing dominates. Can't sleep and can’t do anything, just watching the chart. 5. FOMO into market orders. When the price rises sharply or falls sharply, you FOMO into the trade. You should only enter long above resistance and short below support. Poor entries can lead to prices continuing to trend sideways, resulting in more losses than gains. Psychological torture.
And so on. Those are a few things I see that we often fall into that lead to losses. Especially, we often lose a lot after winning big or losing big on a single trade. Yesterday I won 1k, and now I've given it all back, guys. $TRUMP $BTC $BNX
$TST it's true. While I was holding my profit at 0.9, it suddenly jumped to 0.12 and I quickly closed, losing half my profit. Then it plunged to 0.1. I've been caught in 2 traps from this one already.
$TST Kneel down. Order you to drop 0.09 so I can lock in profits. Yesterday it struggled with losses, so it kept dropping without a break. Today it struggles with profits, moving sideways all day, which is annoying. Drop quickly and return the money to me.
$BNX this one is hard to play. Yesterday, the dragon waited for it to fly, but it kept falling down. In the end, I stabbed the sword into the dragon's heart to cut the loss quickly, then it finally flew.
$THE the price increased while it opened the token lock to release. Just capped a few tens of millions but reached nearly 200 million in market capitalization. Increased only 1.5 times. Be careful not to get burned. This is a project where Vietnamese devs play dirty.
$TST th is in free fall. I guess I'll have to take a loss. I was going for the infinite gain, but this stock is still over 100 million. This meaningless meme stock can be split into 2 or 3 parts around 30-40 million. Now if I short it and it bounces back, the pain will double. I cut too late.