I've been thinking about a question recently: For someone with plenty of time, which is more cost-effective—high-frequency trading with a small amount of capital or holding long positions with a large amount of capital?
In the crypto world, a 20% drop is called volatility, a 50% drop is called a correction, a 90% drop is called a shakeout. A 1% increase is called taking off, a 10% increase means the bull market is back. I heard that in stock trading, if it drops by 10 points, it's like the sky is falling?
HTX ranked first in net inflow over the past month: $8.53 million in the past 24 hours and $577 million net inflow for the month. This growth momentum is still continuing... KEEEEEEEEP BUILDING @justinsuntron #TRONEcoStar
I forgot to bring my laptop when I went out today. Judging by the current price, the market is fluctuating downward, but it seems there might be a wave of positive news from interest rate cuts? My cousin still insists on shorting at highs and looks for entry points to short during rebounds.
A group member randomly picked a point to short and made a profit, while the cousin who placed a limit order didn't get filled and said ETH being "impotent" is indeed true—it couldn't get "hard" even for three minutes. The limit order was at 3250, but it only rebounded as high as 3225. 😵
I'm planning to visit Harbin next month. My super cautious cousin bought a warm North Face jacket. I checked the label and saw it was made in Bangladesh. I thought it was a fake at first, but after looking it up online, I found out Bangladesh is actually one of the top three textile manufacturing countries in the world?? Some products from Uniqlo, ZARA, H&M, Adidas, and Nike are actually made in Bangladesh too. I admit, I had some bias against Bangladesh 😂😂😂
Sat in front of the computer all day studying technical indicators. Both BTC and ETH are undergoing corrections. I didn't catch the short positions. Losses often result from impatience and greed. I'll just take today as a lesson in tempering my mindset.
My main battleground today is ETH. After a surge this morning, Ethereum has entered a consolidation zone, currently oscillating around 3200 while waiting for direction. Looking at the liquidation heatmap, there are $132m in liquidation positions between 3200 and 3250, and $163m between 3200 and 3150. So, I think the bears are likely to push upwards for a quick spike before a slow decline, triggering both long and short liquidations. I’ve placed a short order at 3250 to see if I can catch the spike 🧐 #NFA
It just bounced back to 93500 and I hesitated for a moment. In the end, I opened a short position using the MACD death cross signal, setting the take profit at the Fibonacci 0.618 level. This short trade was completed in just a few minutes. Why does it feel almost like gambling? 🤔