<a>...</a> I've been a bit out of it these past couple of days. I opened some positions to satisfy my emotional preferences and expectations outside my trading system. I followed a trade from a blogger I really admire, Jian Ge, <a>...</a> But obviously, even the coin picking pros have their human flaws and trading weaknesses. This is beyond anyone's control. (I believe Jian Ge would also agree with this.) This was triggered by a momentary impulse. which led to a short-term account drawdown. This gave me a huge lesson. There was a time when I thought my trading system was solid. I didn't expect to encounter situations like last year's liquidation or halving again. I only got half of it right.
This morning, I was tuning into Tony's livestream and heard a bro talking about the crypto ecosystem. I was super inspired. It suddenly hit me that after all this time studying trading, I hadn’t systematically sorted out the crypto ecosystem at all. I definitely hadn’t specifically researched and analyzed the differences and connections between various ecosystems. Naturally, I can't grasp how different players in the space think about problems. Being so reckless in trading, even with solid skills, I wouldn’t know how I got wrecked in the face of unexpected events.
So, I did an in-depth study on crypto ecosystems with ChatGPT and gained a lot. I laid out four key insights: 1) The essence of crypto is a game of interests; 2) Information gaps, cognitive discrepancies, and resource disparities determine your tier; 3) Never just be a bottom feeder or liquidity provider; 4) Understand the layers, choose the right track for yourself, and manage risk to survive long-term. $BTC
This $GTC shitcoin perfectly replicates the strategy from April $RAVE . The fees once spiked to -2.0%, and as the shorting fees increased, they kept pushing it higher; the more they pushed, the more the shorts got frustrated and went in deeper. This created a death spiral, and it all depends on how many tokens the whales have to keep pushing it up. As they push it up, the shorts get wrecked, but doesn't that actually lower the fees? So, a bunch of retail traders are stubborn, the more it gets pushed up, the more they short. The whales first eat up your fees, then blow up your short positions; Or they might pull it up a bit, lure in some liquidity, then shake it out to harvest the fees; Finally, they hit you with one last ultimate liquidation. What price point will the ultimate liquidation actually hit? Referencing $RAVE , maybe double the bottom is about right.
Instinct says during Trump's term, his token is bound to see another pump; it’s just a matter of timing, otherwise, we’d be disrespecting old Trump’s big mouth and his master plan! If that’s the case, is there a more value-revealing moment than shaking hands with China? What does everyone think? $TRUMP
Isn't $BTC supposed to be a phase bounce? Now we’ve got another patch-up. Every time I make a prediction, I get all hyped thinking it's spot on, then I add some info and feel even more certain. Human intuition is just so charming; whether it's right or wrong, we can conveniently overlook that, but it’s gotta feel good inside, absolutely no internal strife 🤭 $BTC
$ZEC No wonder it's been so bullish lately; turns out there's been new progress on quantum-resistant algorithms. Traders feel it's not enough to just be a pure trader. In the altcoin market, technical indicators are mostly drawn by the whales, so this part is basically worthless as a reference. At this point, interpreting information and confirming sources becomes extremely important.
Some say traders don't need to know all the details and can rely on their gut feeling. While I won't deny that relying on intuition can lead to significant gains for a time, that is by no means the hallmark of a mature trader. Being a bit 'lazy,' not relying so much on instinct and gut feeling, but instead refining a deep logical chain, and holding back to only trade what you truly understand, is a sign of a trader maturing. $BTC $ZEC