Disclaimer: These are not trading signals. Trade at your own risk!
Commento:
People following "if this, then that" assumptions to trade, ended up buying the 10k wick. The longs are being slowly and painfully liquidated.
Commento:
If u=pro trader
then
outcome=leverage liquidity, make shit ton profit, move to cash
elseif u=average trader
then
outcome=used stop loss, cut loss early, portfolio still safe
elseif u=dumbass market predictor
then
outcome=keeps adding positions, sticks to dumbass predictions, will get liquidated soon enough
elseif u=follow said dumbass trader
then
outcome=already liquidated
elseif u=reading this
outcome=hit like, comment and follow for sensible ideas!!!
then
outcome=leverage liquidity, make shit ton profit, move to cash
elseif u=average trader
then
outcome=used stop loss, cut loss early, portfolio still safe
elseif u=dumbass market predictor
then
outcome=keeps adding positions, sticks to dumbass predictions, will get liquidated soon enough
elseif u=follow said dumbass trader
then
outcome=already liquidated
elseif u=reading this
outcome=hit like, comment and follow for sensible ideas!!!
The difference between smart trades and buying tops/selling bottoms is a very very fine line. Better to be safe than to think you are smart but end up being sorry!