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Another busy week has come to the weekend. It can be said that the week has entered the closing Node again. The market has slowed down on the weekend, so it is advisable to hold short-term with appropriate leverage. A brief review of this week's market: since the Long Wick Candle of ten thousand points on February 3, the market has been stuck in a long-term correction phase. This week, the market has been oscillating widely around the 94000-99000 level. The mid-week CPI did not break the oscillation trend. Unfavourable Information came with Powell as well as Favourable Information from Trump, leading to some harvesting in the market. However, overall, the market is still relatively easy to trade. After all, in terms of daily fluctuations, the intraday range did not exceed three thousand points. The market rebounds are all met with pullbacks, and pullbacks are followed by recoveries. With such a rhythm, as long as you do not accumulate Positions too greedily, trading can be relatively easy. This week, we also adhered to the main short-selling strategy. In terms of medium to long-term actual trading this week, a total of 14062 points from BTC and 630 points from ETH were pocketed. The overall profits are relatively considerable. We have also welcomed many new frens this week, helping them accumulate some Positions and making a small profit from a position flip. In the future, we will continue to lead everyone in accumulating steadily with our technology.
The recent market conditions can be said to be very easy to operate. After all, the market has entered a correction phase at the macro level since the deep retracement, making it relatively easy to accumulate by grasping the oscillation range and operating with high selling and low buying. In such a good market situation, how can we minimize losses and maximize profits? It depends on how well you control your Position and adjust your mentality after placing orders. Let's briefly discuss opening positions. Although we certainly enter the market with a profit-oriented mindset, we must determine a stop-loss point and anticipate potential losses before entering. After all, there is always a possibility of orders going against the market direction, and minimizing losses is the best thing we can do. Let's talk about the reasons for most losses. It's clear to everyone that making a wrong trading decision won't result in much loss, but the real problem lies in one's own mentality. Especially after being stopped out and the market returns to your profit-taking point, you start doubting yourself. Then, when you enter a position normally, you may encounter situations where you keep losing. Therefore, after placing orders, when the direction is not clear and there is no attempt to test key support or resistance levels, it is recommended to observe mainly. Adjust your mentality, enter the market after planning the new round of Position, it's okay to miss the opportunity, grasping human greed and adjusting your mentality is the key to trading contracts.
Finally, let's talk about the common problems of many retail fren. Since Trump took office, BTC has been advancing all the way, while altcoins have indeed fallen sharply. Many fren have suffered losses from trading altcoins. When many fren are trapped in a trade, they hope to enter other currencies to profit from getting out of the trap. However, mainstream funds are in BTC. If BTC is plummeting, how many altcoins can survive on their own? Therefore, after planning your Position well, opening other currencies may lead to problems with your original Position plan, which is not worth the loss. So, it is also a reminder not to blindly enter the market. If your Position plan is disrupted and your rhythm is off, how can you grow and strengthen?
This is also some issues I encountered in actual trading and many frens. I also hope that everyone can take it as a warning. If there are shortcomings, we should make improvements. If not, we should work harder. Frens who cannot control themselves can also follow the rhythm here to learn some experience and skills. It is said that you are never too old to learn. Finally, I hope the above suggestions can help everyone, and I wish you all success in your future trading. #BTC #ETH #GateioInto11 #比特币