Rode a roller coaster, and even got trapped briefly during the rebound in the middle.


Never thought it would come to this···
Leverage on top of leverage, severe premium, eventually when the price-volume relationship can't support the profit-taking orders, this is what happens—nothing surprising.
The essence of trading is price and volume behavior.
The higher the price, the lower the confidence in buying, the fewer the buyers. During a rebound, it's always the same group of people rushing in. After repeating this several times, the buying power is exhausted, and profit-taking orders start to pile up. When the ratio between buy and sell orders widens, a pullback begins. And when leveraged positions are liquidated en masse, that so-called "stampede" occurs.
I have no objection to getting into Micron and SanDisk, but stocks aren't cryptocurrencies. Their trends tend to extend well—when they go up, they really go up, and when they go down, they really go down. If you've traded in A-shares, I don't need to say more. The best time to enter is after one daily candle closes green, or on a 4-hour timeframe, after the candle closes above the nearest resistance level for a right-side entry.
The problem with people moving from stocks to crypto is that they like to chase high breakout trades, and the outcome is never good.
The biggest issue with people moving from crypto to stocks is that their trades tend to lean toward the left side—they love bottom-fishing too much···
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned