Quote from: Frankolala on Today at 04:33:09 PM

Quote from: EarnOnVictor on April 07, 2025, 09:31:04 AM

Quote from: OmegaStarScream on April 07, 2025, 08:24:23 AM

How come you didn't close your position after what happened with the stocks last week? Bitcoin (and crypto) showed some resilience in the 81-83K. It's bad enough for spot traders, let alone for those who use leverage.

The issue with people is that they are blind followers instead of being true investors, they often think they can behave like the maxis. Even many of the so-called maxis here must have liquidated but still preaching what they believe people want to hear to appreciate them. Grin

My first warning was on altcoins here, the preservation of our funds must come first. No matter how inexperienced the investor is, the chart pattern should be a guide, and in anything we do, we should not joke with the weekly and monthly charts. Many would just say Bitcoin would rise but can't give a good reason, talk is cheap, conditions must be fulfilled before you take a side. However, the last guide with conditions that I gave was here. The market eventually opted for the southside, so I guess this is a fire he still dared!

You should talk about traders and not investors because no investor will be at loss if he did not panic and sell but hodli. Maybe, you are mistaken the word trader as investor.

Why not follow the discussion through the trees of those who replied before the person you replied to instead of exposing yourself for rushing to make a reply on what you did not understand? That's like making a mockery of yourself. Does what the main OP wrote, which @OmegaStarScream replied to before me look like a short-term trading that's common to retail traders? Even his trading in such a situation, is a long-term position that was left for months. His he not an investor? Of course, he is, for his position focused on a long-term gain.

Besides, my reply covers both investing and long-term traders if you are insightful with it, and I don't see a reasonable reason why someone investing or trading can't both liquidate their positions (to try their luck next time) when the weekly or monthly chart signals a strong bearish trend. That's the gist of my reply in case you don't know, a warning that many often ignore and pay dearly for it.