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A quick weekend chat


Another week has flown by, and it was yet another brutal week for the market. Countless traders were liquidated, and the losses, along with the hack and the midterm-election whipsaw, were staggering!
I couldn't livestream consistently this week because of the flu. I streamed for the last three days despite severe throat pain, but didn't enter any trades until last night, when I traded SNDK. I hit the first take-profit in less than ten minutes and have already exited at break-even!
My recent win rate has been average, with a few stop-losses. With good position sizing, a 10-20% drawdown is reasonable; anything over 30% definitely means your position sizing is off!
BTC
Keep watching to see whether 75000-75500 holds as effective support or breaks decisively; this will directly determine the next move!
ETH
Support: 2150/2095/2010
Resistance: 2403
Watch the key levels of 2215 for ETH and 75500 for BTC for a potential trading setup;
XAU: Last night's nonfarm payrolls data far exceeded expectations, increasing the odds of a Fed rate hike at the December 10 3:00 rate decision. This is a major headwind for XAU, but prices are holding up well for now. The bearish news may already be priced in; XAU has fallen for two months, and many expectations have already been priced in. Next week, focus on how well the 3900/3970-4000 levels hold as support;
SNDK's indicators recovered slightly at Friday's close, and it didn't continue its violent drop. Strictly speaking, there's definitely money to be made at 800; if it falls to 500-700, that's a bargain. The stock will split after the close on the 19th; however, the downside from here is already quite limited;
These trading suggestions are not investment advice: If you're afraid of missing out on SNDK, you can buy some spot at 800; if it falls to 500-700, buy in batches; if it falls below 500, go all in. Buy some spot ETH, and start buying spot BTC if it falls to around 75000. All in all, it's still worth building spot positions in quality assets in this market!
#美股史诗级抛售
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SNDKSNDK+3.53%
BTCBTC-0.67%
ETHETH-1.26%
XAUXAU+0.38%


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Comment 6
rambler 1
The most interesting thing about financial markets is that sometimes good news is good news, and sometimes good news is bad news.
U.S. nonfarm payrolls added 16 in October.
This is translate content : Mountain Peak Ryak
Afraid of missing out, but also afraid of buying the top 🥲
This is translate content : Mountain Peak Ryak
Afraid to chase when it rises, afraid to buy the dip when it falls 🥹
This is translate content : Mountain Peak Ryak
Who’s winning this earnings season? 📊
This is translate content : Mountain Peak Ryak
Can BTC hold up this time? 🤔
This is translate content : Mountain Peak Ryak
That's a good angle 💡