Huge warning for what's to come and how to make trades simple and reduce the chance of losses.
I expressed concern weeks ago about another
$LUNA, making it to major platforms like Kraken.
One of these huge runaway trains will end up liquidated on the minority share holders( that make up the bottom 98%). We already have 1 big casualty that was getting noticed for large, volatile, easy money trades
$H or Harmoney. The same thing could technically happen with any other crypto( where the creators & or treasury hold over 75% of said asset is a must). I bet a lot of newbs got wrecked who speculated & took a risk on
$H right before it got locked down.
This is why i stress setting up your buys with take profits and stop limits factored in.The goal is to make at minimum 5% & at most 20%. Set buys just 1-2% above support levels. Stop limits 3%-5% below entry and take profit at 5%-20% depending on the spreads for 1 day candles. Avoid setting TP above resistance. To recognize this look for elliot wave patterns using 4hr candles. In crypto 4x4hr candles with sliht upward inflection is same as 4x1 week candles in typical stock market.
For this, you must understand that coins volatility, spread using 1 day candles, TA, & and market data. If you use Pro trading app and have big startup capital (i.e., =>$50k)
5% in one trade which is more than most single parent middle-class households make in a weeks salary.
If blessed to be trading with $100k, remember not many whales(1%'ers) or River Monsters(deep pocket cyclical cycle traders), trade during the current crypto market cycle. So, having your exit $ preset and updating stop limit once investment is up. Must be used to lock in profit.
Use the ALERT feature to notify you so you don't need to be in front of PC 24/7.
Follow these simple rules, and your risk is now reduced a ton. Unlike Hodlers, there is no chance of getting wrecked during a huge downturn or crash. This is not a Hodl market. Not yet. ATM This is a quick money market, imho.
Get in, then get out. Come Summer 2027, that's when the transition from swing trading to bag building/Hodling becomes safe again. My plan is to build and hold through Q2/2028( i personally pull all profit or at minimum initial $ 80% of profits towards end of cycle. Leaving some house money in play and update SL's
Always use the TP/SL. Especially when risking a lot of money. During a Bullmarket, you can also go for quick money as well using small gains to pay the bills and build up your
#savings,
#retirement,
#preciousmetals #portfolio, and commodity holdings.
Remember, Great Reset and 2nd Great Depression are already beginning to show its ugly head, and come 2029, hard times will hit hard and fast. So pay off all debt and mortgages asap.
For 1 single person, you will need =>$500k earning 12%Apy that compounds daily. To make it through 2029-2040 & if you have debt or live in a place with crazy taxes. Anyone not prepared could lose it all.
If your job can be replaced by A.I, it likely will. So please plan for this.
All i can do is post this, pass along what i know, & what i've learned since entering into
$ETH in 2015.
God bless.