Sliding along the knife edge of life. Something about stop loss.
Be invincible first, then win. ----The Art of War Be invincible first, then wait until the enemy becomes victorious. ----The Art of War In markets such as cryptocurrency, foreign exchange, and U.S. stocks, all traders are dancers gliding along the knife edge of life. Therefore, in trading, the first instinct must be to consider the worst-case scenario and prepare for the worst. Trading is a game of probability. Risks and returns are managed accurately and skillfully based on probability. Any step is based on the probability estimate of potential risks and returns. In cybernetics, markets are treated as uncontrollable variables. We cannot control the rise or fall, so the only thing we can control is our own position. Trading can actually be summed up in only four words, add or subtract in and out.
Looking at BTC from a macro-cycle perspective (Figure 1), if wave B (or wave 2) is in place, the decline requires the start of a weekly decline. If there is no weekly decline in the next month, it may continue to reach a new high! If you are in a hurry to go short, you must think about the possible situation (I currently hold a very small short position that will not be stopped)! 2. From the price point of view: BTC has been fluctuating between 25,000-31,800 for more than 7 months, which is a 28% fluctuation (if it goes down from the high point, it is a 22% fluctuation). In the past week, there was a 20% fluctuation. , don’t be fooled by him! At present, from the perspective of conventional K-line, I touched the rising trend line! (The top in 2021 has been pressed upward by the upward trend line) 3. It can be seen from the time that it has been consolidating for most of the year. It is currently standing on VAH in the consolidation area. If this is a consolidation area, then the best trade to do is to wait for it to make a move and then follow it, or do possible AMD. (Maybe AMD has already formed and is currently backtesting 31000) 4. The summary of time and price is that a rare consolidation area is formed here (the last time the range consolidated for such a long time was in 2015 (you can tell by looking at the weekly K-line, the rise started after inserting a pin downward)), and it will experience all the following. The BTC bull market mentioned once in four years may need to observe this consolidation zone in the future, as well as the economic fundamentals. Consensus is the key to promoting the market rise, but when the economic fundamentals do not support it, the so-called consensus becomes The obsession of bulls, smart money will escape, history is often used to break, and the downward trend line is used to break, the same reason $BTC
What to do when you are weak and have no God of Wealth?
Do this when you are weak and short of money. Remember 1. When your energy is weak, watch less murder suspense movies. 2. If you always feel uncomfortable with someone, trust yourself and stay away quickly. 3. Don’t let others climb on your shoulders, let alone let others pat you. 4. If you feel uncomfortable, sleep more. 5. If you feel uncomfortable, read more books. 6. Boys should get haircuts frequently, at least once a month. 7. Girls should not dye their hair, natural black is best. 8. Focus on yourself, exercise, and persevere. No matter what others think, you must first become confident!
A website where friends/group members recommend a coin and decide whether to buy it
Nerdbot Nerdbot is Telegram’s bot that focuses on on-chain data and is a must-have for adults on the chain. One of the functions of token information is 1) Convenient and easy to use. It can be used directly with TG on mobile phones. 2) Be streamlined and fast. Compared with large and comprehensive data platforms, it simplifies the dimensions that are most concerned about when buying coins (such as safety score, market value). It is especially suitable for situations where quick decision-making is required and it is too late to get on the bus if you are slow.
Coinmarketcap CMC is an old website with a very high reputation. It has more comprehensive information. 1) Information about the project obtained through tokens, including project official website, Twitter, white paper, contract address, circulation volume 2) The entire history of token transactions, mainly looking at the highest and lowest price of the token, and the general trend. 3) Transaction volume, which collects various transaction volumes of dex and cex. For example, check the proportion of transaction volume on upbit.
In fact, if you want to turn things around, an important step is to free up time.Being poor is not just about money, it is also about time.Saving time is as important as saving moneyYou should spend your time doing the most important things, such as learning (improving cognition)Excluding some meaningless expenses, a person doesn't spend much money just on food and accommodation. 5,000 a month is probably enough, which is 60,000 a year.So in theory, as long as you can find a way to make more than 60,000 yuan a year, you don't actually have to work.For example, depositing 2 million in cash in a large-denomination certificate of deposit in a bank, or obtaining a financial management income of more than 6% with 1 million in cash
What is it like to trade for a living? Compilation of descriptions from group friends: Early symptoms: Liquidation. Mid-term symptoms: Frequent operations, handling fees far exceed profits. Symptoms in the middle and late stages: Long positions are stopped, and short positions are stopped again. Late symptoms: I start to make profits, but I don’t know whether it’s God who is giving me food, or whether my ancestor is giving me food. The ultimate symptom: Leave the market after losing money, and leave the market after making enough money. Currently still hovering between late and ultimate. Personal status: Finished paying off the car loan and house loan. One apartment is for rent, one apartment is for self-occupation, and I bought a room in a school district for my child. Save some US dollars regularly to lay the foundation for your child to study abroad in the future.
Some life tips 1. Delayed gratification 2. Change from “Why did this happen to me?” to “What does this have to teach me?” 3. Looking at life over a long period of time, the hurt you receive now is a challenge. 4. Wait patiently for the things in front of you and be confident about the future. 5. Set clear goals. Once you have a goal, go all out. 6. Adopt the ignoring mode in conflicts and relationships about irrelevant things. 7. Reward yourself every time you complete a small goal. 8. No more escaping from reality. 9. The world is an elephant, and we are all blindly trying to figure it out. Abstraction is a lash to the world.
Several common behavioral patterns of leeks 1. Buy the bottom when it falls😀 2. Push the pin down to open a long position, and push the pin up to open a short position😆 3. The logic between small levels and large levels is confusing. Small levels open positions, large levels find stop losses, large levels open positions, and small level fluctuations are washed out. 😁 4. After stopping the loss, emotional control fails, resulting in frustration, anger, and regret. 🥲 5. Never review the offer No matter whether it is right or wrong, never review the offer. 😇 6. Full of fantasy, trapped in losses, floating profits, wanting to make more, just watching the K-line walking around, holding positions and waiting without thinking🤥 7. Never set a stop loss. This is the most fatal. 🥶🥶$TRB $BOND $LOOM
If you want to get the Holy Grail in the speculative market, pay attention to the following points
1. The market is anything but random. No matter how many academics support the efficient market hypothesis, no matter how many of them can touch the moon, I don't care. The reason is simple - they are wrong. 2. There are rules to be found in the market, because the basis of market movement is human behavior, especially mass behavior, and the latter is not without rules. This has been the case in the past and will be the case in the future. 3. There is no Holy Grail or shortcut in the market. But there are some trading models that can bring huge amounts of money. 4. There are a million ways to make money in the market, but finding any of them is very difficult.
$ETH In a bear market where intense dumping is taking place, never be a short-seller. In a market environment of stagnant sideways decline and occasional violent waterfall sideways, the popular fried chicken is where the synergy lies. As we continue to innovate on the high market, there will always be people who go short because they are short. Don't go against the trend, follow it and look for the direction of navigation amid the bumps. Something like $TRB bigtime is no different. Soros said, embrace the bubble, make a lot of money, and then turn around and leave before others. There is nothing new on Wall Street; speculation is as old as the mountains. 👀
$BTC $ETH $BNB $ The address starting with 0xa524 sold CryptoPunk#6704to the address starting with 0x04cb today for 400 ETH (about 620,000 US dollars). It is reported that CryptoPunk#6704is a rare "zombie Punks" in the NFT series, with only 88 pieces in the entire series.
ETHUSDT.P violently inserted a pin on October 13, the low point was 1514.5. The retail investors stopped losses below. Then it rebounded in the early morning of the 14th, inserted a pin and fell back to the EMA144 channel of the 1-hour Vegas channel. The macd0 axis was dead cross. It can be regarded as a 1-hour descending wedge breakout and step back. Before it effectively falls below 1514, 1520 1530 1515 inserted a pin to connect to the long position. The stop profit position is 1570.
BTCUSDT.P rose in the early morning and inserted the POC of the falling position 1 hour ago. The test of 27100 was completed and fell back. At present, the daily level is stronger than ETH. If you want to go long, BTC is the first choice
BTC.D market share K-line is consolidating on the 1-hour Vegas channel. The weekend market fluctuated sideways. It is expected that BTC will first break down to 25.3K or 25.8K next week, and then you can go long.
Provide material organization for group friends. Mr. A is from Yiwu, born in 1999, and is a undergraduate and senior student. When the epidemic first started in early 2020, Mr. A saw a lot of popular science content about BTC and ETH on Weibo and WeChat, and it was the first time he learned about the so-called "currency circle". Although I was a student, I started my own business in Yiwu doing live broadcasts very early. When the real estate industry was in a better period two years before the epidemic, I worked on several construction sites with my family. At that time, I had about 2 million yuan in cash. I had bought stocks and funds before. They are all losing money. Mr. A believes that virtual currency has development prospects, but he doesn’t understand it very well. It wasn't until April 2021, when Jun A's friends from the university club taught him to download and register Huobi that he really knew how to trade virtual currencies. At that time, he had the impression that the price of one Bitcoin was about more than 60,000 US dollars, and the price of one Ethereum was about more than 4,000 US dollars.
The ETH/BTC exchange rate fell below the falling wedge on the daily level and pulled back the lower edge of the wedge. After buying a batch of ETH bottom-buying long positions, the exchange rate continued to fall. The lower support is 0.05233$ETH 🤢