Rua Con

SOL is looking grim right now, but I don't think it will fall back to 175, at least not this week.

It has been only 3 days and I can see long positions getting liquidated everywhere.

ETH is going strong. Just a bit more, and it will break the all-year high. If you want to get in, be cautious and prepared for a shakeout.
For example, you can bet $100 that after it hits $4,094, it will not go back to $3,500:

100 / (4,094 - 3,500) = 0.168

Your maximum long position is 0.168 ETH. If ETH drops to $3,500, you lose $100.

Thinking in bets helps protect your capital when you are wrong, while bringing you beautiful profits when you are right.

This is a little check on your mental health.

With BTC crossing $100K in this exciting bull run, we all know it’s doing very well.

But how about you? Are you doing well too?
Do you have a trade strategy, a system, or a plan to help you sleep like a baby at night?
Are you able to think clearly when BTC hits $104K and then quickly drops to $90.5K?
Do you feel anxious watching it break its all-time high while holding too little of it?
Or do you feel uneasy holding onto it while watching it make a few red candles?
And when it moves sideways, do you spend hours finding an altcoin that might soar tomorrow? Maybe it’s ETH, LTC, or the mysterious STRK this time?
Do you wake up at 2 AM and immediately grab your phone to check the price?

No material wealth is more valuable than your mental health. Take care.

A warning for newcomers considering putting all their life savings into BTC or other crypto:

Please don't do it.

Every bull run, I've seen too many people jump into crypto, investing all their life savings into a single coin at its peak, only to face devastating losses when the coin’s value drops significantly. It's not just their savings that are wiped out—it's often their relationships, health, sanity, and, in extreme cases, even their lives.

Let’s consider an example. Meet Mary, a 25-year-old young woman. Mary graduated from a top university and had been working diligently for three years. Earning $2,000 a month, she managed to save $400 after all expenses, building up $8,000 in her savings account.

This year, Mary had plans to travel, just as she did every year. However, she started hearing a lot about BTC and crypto—it was the hottest thing. People were reportedly making 2x, 4x, even 8x returns in a matter of days or weeks. When BTC hit $67,000, Mary thought, “BTC seems overvalued; it uses a lot of energy and doesn’t do much beyond transferring money. Maybe ETH is a better option.”

So, Mary took her entire $8,000 and bought ETH, convinced it was the superior choice and that others would soon realize it too. She purchased ETH near its all-time high of $4,100. But shortly afterward, it crashed to $2,800 and began a slow recovery. Her average purchase price was $3,500.

Mary waited. And waited. And waited. Finally, unable to bear the stress any longer, she sold her ETH at $2,200. Her $8,000 savings had shrunk to just over $5,000. She had lost nearly a year’s worth of savings and vowed to never trade again.

So, you see BTC hit $100,000, and you’re considering buying some?

Here’s what I’d do:

- Risk a fixed amount, say $100.
- Look at the 1D chart: the 2-week low is $90,700. Let’s use $90,000 as the stop-loss for easier calculations:

$100 / ($100,000 - $90,000) = 0.01.

- So, I’d buy 0.01 BTC.

My reasoning for this trade:

- If BTC drops to $90,000, I lose $100.
- If BTC rises to $110,000, I make $100.
- At $120,000, I make $200, and so on.

Happy case:
BTC keeps going up, reaching $1,000,000 and to the moon. It never hits $90,000.
When would I close this trade? The 2-week low would also move up over time.
Let’s say BTC starts declining and hits a new 2-week low, at $700,000. That’s when I’d sell.

This simple method is called trend following, first developed by Richard Donchian.

Will I get rich with this method?
Probably, but not overnight. However, I’m confident I won’t get rekt either.

Some historical price movements:

- When BTC first went over $1,000 in December 2013, it dropped to under $300 in 2015 before reaching $1,000 again in 2017.

- It kept going up to $20,000 in December 2017 but dropped to under $3,500 in 2018.

- The $1,000 level has never been seen again since 2017.

- The same cycle continued, with BTC reaching $67,000 in 2021 and dropping to $16,000 in 2022.

I guess a brutal correction is coming in about a week, probably two weeks. The market has been in extreme greed mode for about three weeks now. The last time it was this greedy was in March of this year, with BTC at $60K to $73K. What goes up must come down. Stay safe with proper stop-losses and reasonable position sizing.

What’s your price target for XRP? With its price rally over the last few weeks, I’ve seen many people hoping it will reach $1,000.

But let’s be realistic. If XRP reached $8, its market cap would surpass ETH’s current market cap. If it hit $35, it would be larger than BTC’s. At $310, it would exceed gold’s market cap, which is insane.

BNB is brutal. I thought it might hold its ground for at least a week. I guess this correction shook off a lot of people. However, I think this is also a very good time to buy for those who believe in BNB, with a proper stop-loss to prevent another shakeout from the correction.

In a bull market, even the mediocre ones perform well. I had to scroll pretty far on CoinMarketCap to find one in red.

I have to disagree with you. The people who don't want to learn will behave the same in stock market, forex, commodities, and even real estate market.

I almost made a huge mistake yesterday. We had quite a correction yesterday on BTC and many other coins. I've been DCA-ing ETH alongside BTC ever since ETH was above $4,000. Seeing its price lag behind BTC really put a strain on my mind. Yesterday, I unstaked my ETH, intending to cash it all out and use that fund to put more into BTC. My emotions got the better of me; this isn't how DCA is supposed to work at all. Luckily for me, it'll take a few days for my ETH to be unstaked. By that time, hopefully, I'll be in a clearer state of mind. Keep calm and keep DCA-ing until I need to cash out and use that money for something else.

My friends often ask why I set my stop loss so low. BTC at $87K, ETH at $3K, DOGE at $0.32, and so on. The best answer? This market correction says it all.

Why Going All-In Is a Bad Idea.

Back in 2018, I went all-in on NEBL at $10. It had fallen from its $60 peak, and I thought, "It'll bounce back." But it didn’t. NEBL kept crashing, and today it’s worth pennies. I ended up selling at $4, taking a painful 60% loss. That was the last time I ever went all-in.

Here’s the math: if you go all-in with $1,000 at $10 and the price drops to $1, you’re left with $100, a 90% loss. For it to recover to $10, you’d need a 10x gain, which is highly unlikely.

If I had split that money into top coins at that time like BTC, ETH, LTC, XRP, XLM, BCH, XMR, or ADA instead, things would have been very different. The lesson? Don’t put all your eggs in one basket. Diversify, protect your capital, and never bet everything on one coin. It’s just not worth the risk. Oh, and don't catch a falling knife like I did.

Crypto market facing more corrections—tough to tell if we're in a bull or bear phase short term. Uncertainty rules for now. Trade with caution and apply strict risk management.

$BTC hits a new ATH yesterday. But remember, history often repeats with corrections after big gains:

Dec 2017: BTC hit ~$19K, dropped to $6K by Feb 2018 (-70%)

Nov 2021: Reached $69K, corrected to $35K by Jan 2022 (-50%)

Today's correction is tiny compared to what we've seen so far. Stay sharp and trade cautiously!

Risk Management Tips for Every Trader:

Protect your account like a pro! Here’s a simple, effective risk management plan:

1. Risk Only 1-2% Per Trade: Keep each trade risk small, no more than 1-2% of your balance. This helps you stay in the game longer and avoid big losses.
2. Scale Down if You’re Losing: Hit a few losses? Lower your risk until you’re back on track. If you were risking 2%, try 1.5% and then 1% per trade to reduce potential losses.
3. Position Size Smartly: Calculate your position size by dividing your risk amount by the risk per coin. For example, if risking $100 on $DOGE , entry price is 0.4, stop loss is 0.3, you should only buy 1000 DOGE, no more, no less.

The November market is crazy, trade smart, stay safe!
#RiskManagement #MidNovemberMarket

Remember: in the world of trading, safeguarding what you have is just as crucial as aiming for gains. Never risk more than you're willing to lose, whether it's money, time, or peace of mind. As we hit mid-November, the markets will be as crazy as ever, with volatility around every corner. Stay focused, and don’t let short-term swings cloud your long-term goals. Sustainable growth comes from calculated decisions and knowing your limits. Play it smart and protect what matters most. #MidNovemberMarket #SmartTradingStrategies #RiskManagement

Before jumping into trading, develop a solid system that prepares you for every market condition.

Some systems work well in bull and bear market, and others work well in sideways.

Every system should have:
- Entry: when to open a long or short position, or when to buy a coin
- Exit: when to close a position, or when to sell a coin
- Risk: how much are you willing to lose if things gone bad
- Position Sizing: calculated with risk, entry, exit

With a clear plan, you’ll know exactly what to do in bull, bear, and sideways markets. No matter if $BTC go up to $100,000 or fall back to $60,000, or go around $80,000 and $90,000 for another year.
Make your own plan and stick to it. Consistency beats luck every time!
#TradingSystems #RiskManagement

"Don’t try to buy at the bottom and sell at the top. It can't be done except by liars." – Bernard Baruch
Wise words for traders: sometimes the smartest move is to sell when prices are high and take profits, rather than chasing the perfect exit. You may want to sell your $BTC now 📈💼
#RiskManagement #wisdom #MidNovemberMarket