Some lessons only sink in after you’ve taken a loss.
Here’s one lesson about planning: Before opening a position, you should decide three things: at what price you’ll stop-loss, at what price you’ll take profit, and under what circumstances you’ll abandon the plan. If you can’t figure that out, don’t open a position. If you start thinking after you’ve opened one, all you’ll come up with are excuses.
Take today’s $NEAR as an example: it’s at 4.5650 now, up 2.45% over 24h. This kind of market action is a perfect illustration of the lesson above. It’s no coincidence—it’s human nature repeating itself in the charts.
The market won’t go easy on you just because you understand how things work. Keeping some powder dry is better than anything else.
$ENA is currently trading at 0.205700, up 4.79% over 24h.
The high and low for this period are 0.212600 / 0.193400, with a trading volume of 43 million USDT.
0.193400 is the key support to watch right now. If it breaks, there’s no obvious support below. 0.212600 is the resistance for this move; until price breaks above it on strong volume, treat any bounce as just a bounce.
Liquidity is thin during this period, so small orders can easily move the price. Sharp wicks and price manipulation aren’t unusual. If you do trade, use limit orders instead of chasing the market, and don’t set your stop-loss too tight.
ETH is currently at 740.91 this evening, down 0.02% over 24 hours.
Its range today was 732.45 to 744.18, with a trading volume of 55 million USDT. During the evening, ETH tends to follow BTC’s lead. If Bitcoin suddenly rallies, ETH will likely follow; conversely, if Bitcoin plunges, ETH will have a hard time avoiding the fallout.
If you’re thinking of making a move tonight, keep an eye on the 732.45 support level. If it holds, you could consider trying a small position; if it breaks, wait for the next support level. The biggest risk is getting caught up in the moment tonight and jumping in without thinking it through.
Away from the charts, here's something I've been thinking about for a long time.
There's a lesson in closing your market app: The time you spend watching the market and your returns are often inversely related. The more you watch, the more you trade, and the more you get worn down. Sometimes the best move is to close the app and do something else.
Take $ZEC today, for example: it's at 1,232, up 3.81% over 24 hours. This kind of market action is a perfect illustration of the lesson above. It's no coincidence—it's human nature playing out on the charts, again and again.
It sounds simple, but it takes a lot of costly lessons to put into practice. When it's time to wait, you have to wait.
The market is about to close, and $BTC is definitely worth discussing today.
It’s up +0.42% for the day, with a trading volume of 755 million USDT, making it one of the most active coins on the market today. The price climbed from 79,369 to 80,952, and has now pulled back to around 80,527.
This price action suggests that money hasn’t left the market yet, but some short-term traders are also taking profits. The key thing to watch tomorrow is whether volume continues to pick up around 80,527. If volume fades, it will likely retest lower levels; if volume keeps rising, there could be more room to run.
Did you catch this move today? Are you still bullish on this coin tomorrow?
Nothing much to say today, so let’s talk about something else.
The sunk cost fallacy teaches us this: The money you’ve already lost has nothing to do with whether you should hold this coin now. But your brain doesn’t see it that way. Before you ever buy more to average down, ask yourself: If I were out of this coin right now, would I still buy it?
Take today’s $NEAR as an example: it’s at 4.5120, up 2.73% over 24 hours. This kind of market action is a perfect illustration of the point above. It’s no coincidence—it’s human nature repeating itself in the markets.
We’ve all heard the advice. The hard part is following it when the moment comes. When it’s time to wait, you have to wait.
The afternoon market has reached this point: ETH is hovering around 1.2879, down 0.57% over 24 hours.
The intraday range is 1.2733 to 1.3109, with a trading volume of 84 million USDT. Neither bulls nor bears are making any big moves right now; both sides are waiting for a signal.
If volume picks up this afternoon and ETH breaks above 1.3109, it would suggest the bulls still have some fight left. On the other hand, if it retests 1.2733 and fails to hold, this rally may be coming to an end. For futures traders, the last thing you want to do right now is place a heavy bet on one direction—you could easily get wiped out by a sudden move.
Are you sitting on the sidelines this afternoon, or making a short-term trade?
I just came across a passage and sat there stunned for a moment.
There’s a lesson in *Trading in the Zone*: Mark Douglas says to trade with a probabilistic mindset: the outcome of any single trade doesn’t matter; what matters is the expected value after a hundred trades. Only when you accept that any one trade could lose can you pull the trigger.
Take today’s $ETH as an example: 2,327 now, down 1.10% over 24 hours. This market action is a perfect illustration of the lesson above. It’s no coincidence—it’s human nature repeating itself in the markets.
We’ve all heard the lesson. The hard part is actually following it when the moment comes. Wait for the signal, not the mood.
Taking a quick look at the market over lunch. $ENA is showing solid momentum today, up +5.22% over the past 24 hours.
The current price is 0.205500, with an intraday high of 0.211600 and low of 0.188700. Trading volume is 33 million USDT. That kind of volume suggests this isn’t just a minor move—there’s real money paying attention.
But I still have to say this: chasing a rally at midday can come at a cost. A lot of coins surge around noon, then start pulling back in the afternoon. If you’re bullish on it, instead of jumping in now, why not wait and see whether it holds up this afternoon?
At this point in the midday session, are you already in, or waiting for a pullback?
There’s something I wrote down a long time ago that came back to me today.
A lesson about extreme market conditions: When markets get extreme, all technical analysis stops working. Only position management still works. That’s why the rule that seems most useless in normal times can save you at a critical moment.
Take today’s $ETH as an example: currently 2,309, down 2.43% over 24 hours. This market action perfectly illustrates the point above. It’s no coincidence—it’s human nature repeating itself in the markets.
The more I think about it, the more I feel that in the end, trading isn’t about technical skills. It’s about mindset. Reduce your position first.
I took a look around the market this morning, and $ENA is looking interesting today, jumping straight up +4.25%.
The price is now at 0.203500, with an intraday high and low of 0.211600 / 0.188700. Trading volume is 33 million USDT, suggesting active buying by larger players—not just retail traders rushing in blindly.
When a coin suddenly sees a surge in volume early in the day, it’s usually one of two things: either money has caught wind of good news before it’s announced, or major players are testing the waters. Either way, the biggest mistake at this point is chasing the price blindly. It’s already risen a lot, so the risk of chasing it outweighs the potential opportunity.
If you’re already in, keep an eye on 0.188700—if it breaks below that level, be sure to exit. If you haven’t entered yet, consider waiting for a pullback to a support level before making a decision.
I just came across a passage and paused for a moment.
It made a point about your heartbeat: There’s a rough-and-ready way to tell whether your position size is right: after opening a position, has your heart started beating faster? If it has, reduce your position until your heartbeat returns to normal. Your body is more honest than your mind.
Take today’s $ETH as an example: it’s currently at 2,331, down 1.27% over 24 hours. This market action perfectly illustrates the point above. It’s no coincidence—it’s human nature repeating itself in the markets.
It sounds simple, but putting it into practice can cost you a lot in tuition fees. When it’s time to wait, you have to wait.
ETH is hovering around 101.54 in the morning session, down 0.98% over 24 hours.
Last night’s high and low were 102.77 / 100.37, with prices generally moving within the range. The key thing to watch this morning is whether it can hold 100.37—if it breaks below, there’s room to fall further; if it holds, we could see a small short-term rebound.
Trading volume is 94 million USDT, which isn’t particularly high. This suggests traders are still sitting on the sidelines this morning, with no clear directional move. The worst thing to do right now is rush into a trade—wait for things to become clearer before acting.
A quick look before the market opens. BTC is currently stuck at 80,465, down 0.17% over 24 hours, with the overall trend looking weak. ETH is around 2,342, down 0.24% over 24 hours, also looking weak.
BTC traded in a range of 80,088 to 81,034 overnight, and this level is pretty important. If it can open with strong volume and hold around 81,034, short-term sentiment should improve a lot. On the other hand, if it drops below 80,088 right after the open, today will most likely be a choppy day.
ETH is more dependent on BTC’s direction. If BTC doesn’t pick a direction, it’s hard for ETH to move independently. Trading volume is 257 million USDT—not particularly active—which suggests everyone is waiting for a signal at the open.
I won’t trade right at the open today. I’ll watch for half an hour first, then decide once the direction is clear. I’ll make a note and check back later.
I read an old saying and suddenly saw how it matched today’s market.
The book *The Small Sample Trap* makes a good point: After three wins in a row, you think you’ve found the Holy Grail—that’s the most dangerous moment. Three wins are noise, not a signal. Until you’ve tested a strategy a hundred times, you don’t know whether it actually works.
Take today’s $NEAR as an example: it’s at 4.5530 now, up 2.41% over 24 hours. This market is a perfect illustration of the point above. It’s no coincidence—it’s human nature repeating itself in the market.
There are several liquidations between knowing what to do and actually doing it. Keeping some ammo in reserve beats everything else.
The high and low during this period are 2,372 / 2,318, with a trading volume of 256 million USDT.
2,318 is the key support to watch right now. If it breaks, there’s no obvious buy support below. Above, 2,372 is resistance for this move. Until price breaks above it on strong volume, treat any bounce as just a bounce.
Liquidity is thin during this period, so small orders can easily push the price around. Wicks and sudden spikes are nothing unusual. If you do trade, use limit orders rather than chasing with market orders, and don’t set your stop-loss too tight.
The high and low for this period are 2,372 / 2,318, with a trading volume of 276 million USDT.
2,318 is the key support to watch right now. If it breaks, there’s no obvious support below. To the upside, 2,372 is resistance for this move. Until price breaks above it with strong volume, any bounce should be treated as just a bounce.
Liquidity is thin during this period, so small orders can easily move the price. Wicks and price manipulation are nothing unusual. If you do trade, use limit orders instead of chasing with market orders, and don’t set your stop-loss too tight.
The market will do what it does. There’s no point rushing.
Someone asked me how I read the charts, and this sentence came to mind.
《Influence》makes a point: Cialdini talks about two switches: conformity and scarcity. The people pushing trades love to say, “Everyone’s buying” and “It’s your last chance.” Once you realize someone’s flipped those switches, half the urge to act is gone.
Take today’s $ETH as an example: it’s at 2,357 now, up 1.69% in 24h. This chart is a perfect illustration of the point above. It’s no coincidence—it’s human nature playing out on the charts again.
The market won’t go easy on you just because you understand the principles. This time, I’ll just watch. No trades.
The high and low for this period are 81,034 / 80,088, with a trading volume of 508 million USDT.
80,088 is the key support to watch right now. If it breaks, there are no obvious buy zones below. To the upside, 81,034 is the resistance for this move. Until price breaks above it on strong volume, any bounce should be treated as just a bounce.
Liquidity is thin during this period, so small orders can easily push prices around. Wicks and spoofing are nothing unusual. If you do trade, use limit orders instead of chasing the market, and don’t set your stop-loss too tight.
I copied this passage into my notebook and revisit it every so often.
There’s a lesson about honesty: Record the real reason behind every trade, including the ones you’d rather not admit—to relieve boredom, to prove a point, or because you saw someone else making money. Keeping an honest record is therapeutic in itself.
Take today’s $ETH as an example: now at 2,339, up 2.14% over 24 hours. This kind of market action is a perfect illustration of the lesson above. It’s no coincidence—it’s human nature repeating itself in the market.
We’ve all heard the lesson. The hard part is putting it into practice when the moment comes. Keep some powder dry—that’s better than anything.