Posts on the forum can amplify your fear and greed. Seeing different opinions may make you doubt your trades and start to waver. Seeing opinions that match your own may cause you to overlook risks and become blindly confident.
What truly endures in this market is a mature trading system, an exit strategy, and a commitment to seeking facts—not being swayed by emotional opinions.
Who would've thought it could fall this much on a Saturday? So many people thought that once it broke below 80,000, there was plenty of room to fall, so they jumped in short. Well, now the longs are getting stopped out and the shorts are trapped. It's so hard for retail traders to make any money.
It dropped last night, so I added a little to my position, then sold it off again. All I can do is make T-trades to bring down my average cost. I built up my position too quickly at the start, so last night I only dared to add one E.
I've opened a few long positions. If it keeps falling, I'll add to my position. Important data will be released at 8:30 tonight, so everyone should watch for volatility.
ETH's price action looks pretty good. There's an opportunity to go long. I'll see how the hourly candle closes; I think I'll jump straight into a long.
For the long position opened yesterday, $ETH , you can set a breakeven stop-loss and leave the take-profit unchanged. After that, just wait for the wind to come.
These figures look pretty ugly. Treasury yields are rising, the U.S. dollar index is up, and expectations for interest rate hikes continue to heat up. Guys, are you still holding your long positions?