Look back at the trades in front of me
What tends to be the most profitable is usually when the market is at its most panic
Recently I went back and reread my previous articles, and only then realized that many of the judgments I made this period eventually played out.
Especially the latest round of sell-off.
When $BTC fell back to around 76000, market sentiment was already extremely bad. I didn’t tell everyone to chase shorts—instead, I kept looking for coins that could be bought at a dip.
$ZEC I gave 1130—1150.
Now it’s 1485 dollars.
$ZEN After dropping from close to 8 dollars back to the 6-dollar range, I also kept reminding everyone that this level could be re-positioned.
Now it’s 7.3 dollars.
Including the gold ahead, and some altcoins—I’d say many of my trades actually happen when the market least wants to buy.
Later, I became more and more certain of one thing:
Trading isn’t about waiting until all the news gets better before you buy.
If the price has already dropped a round ahead of time, and the market is filled with the same bearish voices, I’d rather look for assets that—after the bad news shows up—still can’t fall further, or that are the first to start recovering their losses.
Recently, ZEC and ZEN are the most direct examples.
During panic, you get the position—then let the price validate it.
What tends to be the most profitable is usually when the market is at its most panic
Recently I went back and reread my previous articles, and only then realized that many of the judgments I made this period eventually played out.
Especially the latest round of sell-off.
When $BTC fell back to around 76000, market sentiment was already extremely bad. I didn’t tell everyone to chase shorts—instead, I kept looking for coins that could be bought at a dip.
$ZEC I gave 1130—1150.
Now it’s 1485 dollars.
$ZEN After dropping from close to 8 dollars back to the 6-dollar range, I also kept reminding everyone that this level could be re-positioned.
Now it’s 7.3 dollars.
Including the gold ahead, and some altcoins—I’d say many of my trades actually happen when the market least wants to buy.
Later, I became more and more certain of one thing:
Trading isn’t about waiting until all the news gets better before you buy.
If the price has already dropped a round ahead of time, and the market is filled with the same bearish voices, I’d rather look for assets that—after the bad news shows up—still can’t fall further, or that are the first to start recovering their losses.
Recently, ZEC and ZEN are the most direct examples.
During panic, you get the position—then let the price validate it.