Good morning, brothers
As per international conventions, let's review the trades
I saw Binance Alpha $FOLKS
From 14U to 40U
Yesterday when it was at 20-28U, I actually realized it was fermenting on Twitter
Brother controlled himself and didn't touch it
If I had bought, I would definitely have retraced to go long when it was over 20
Many newcomers doing contracts will definitely ask
Why not short after such a big pump?
Because the funding fee is -2% every hour and has already maxed out
This is meant to explode the shorts; if you short and hold the position, you will keep losing,
Losing every hour on funding fees, I have too much experience with this!
Moreover, there will definitely be a second stage that will push up another step
When everyone has blown up their contracts to 7788, that's when it's time to dump
And often, everyone doesn't pay much attention at that time
There will also be a second rapid surge,
Giving you the illusion that this coin is invincible
You can refer to $COAI $MYX
I have suffered too many losses this year
Every one started with a small profit, but later single coins lost six figures or more,
Brother writes down the painful experiences to hope to sound the alarm for everyone
This year, with tokens that go on Binance Alpha + Binance contracts,
I have suffered too many losses; I really dare not touch such high-controlled shells
This is also why any project that can go on Binance Alpha + contracts is particularly valuable, with a lot of off-market reselling
I actually lost quite a bit on Binance in real trading on such boards
In theory, I rarely touch small coins when doing contracts.
But I can't resist the various discussions in the group, and those who play contracts inevitably get itchy hands,
Plus when the hot topics come, then it's just like walking by the river, how can you not get your shoes wet
Learn from your mistakes; don't touch money you shouldn't earn
People can never earn money beyond their understanding, even if they do, it will be taken back
In fact, there are many types like MYX COAI; I will present the K-line charts of these two coins to you. Aren't they strikingly similar? Actually, the collection of contracts by market makers is also an important part of this round of bull market's decreasing liquidity
Retail investors find it very hard to fight against market makers, but following the market makers can get you some benefits
But you must remember to retreat in time, take the profit, and absolutely don't fall in love with the battle!
Today's review was quite meaningful, and I hope it helps friends who like trading.
