too much debt chasing after small rewards, with new traders yet to experience bear market (bear rally) trading conditions
1. notice the similarities of trend angle compared to 2018 feb, abit much sharper on this rally
2. car crash scenario, happens without prior warnings
3. as usual, stampede towards the exit only to see everyone got faked into a bigger car crash
4. expect even lower volatility after every vicious dump
if you are long towards 28000; reduce leverage & apply hedge on overbought levels
if you are short towards 23000 or even 21000; find opportunities to buy low but always expect stuff to go even lower
lastly, greed kills be it on the long or short side, leverage are for the ones with great trading accuracy timing & short duration. it's hard to stay short with leverage with every vicious rally on every moment
(Disclaimer: I have a long volatility trade in this week)
1. notice the similarities of trend angle compared to 2018 feb, abit much sharper on this rally
2. car crash scenario, happens without prior warnings
3. as usual, stampede towards the exit only to see everyone got faked into a bigger car crash
4. expect even lower volatility after every vicious dump
if you are long towards 28000; reduce leverage & apply hedge on overbought levels
if you are short towards 23000 or even 21000; find opportunities to buy low but always expect stuff to go even lower
lastly, greed kills be it on the long or short side, leverage are for the ones with great trading accuracy timing & short duration. it's hard to stay short with leverage with every vicious rally on every moment
(Disclaimer: I have a long volatility trade in this week)
Trade active:
calls on apr vix contracts.