How do you fancy a 20% flash crash and rebut in about 10 seconds flat.....
These things happen I’m afraid, especially with so many algos and bots on to- of a manipulated market, and that’s an important lesson from me to you.
I never, ever trade on margin in these markets. There’s no need. Really.
And, this is a tricky topic, but I don’t use stops. It’s just too easy to get stopped out in an unfavourable position and then once all the stop hunting is done, massive pump in favour of your original trade. Sound familiar?...
Now what’s the betting that just scared the crap out of a load of people, took out every stop in sight and after this subsides - ZCash rebounds hard! That’s my bet anyway.
Crazy times. Trade safe.
The Colonel
These things happen I’m afraid, especially with so many algos and bots on to- of a manipulated market, and that’s an important lesson from me to you.
I never, ever trade on margin in these markets. There’s no need. Really.
And, this is a tricky topic, but I don’t use stops. It’s just too easy to get stopped out in an unfavourable position and then once all the stop hunting is done, massive pump in favour of your original trade. Sound familiar?...
Now what’s the betting that just scared the crap out of a load of people, took out every stop in sight and after this subsides - ZCash rebounds hard! That’s my bet anyway.
Crazy times. Trade safe.
The Colonel
Nota
For the record, TV won’t allow publication of 1 minute chart, so 15 min was the smallest timeframe for this post. But the 1M chart looks the same. This happened within seconds not minutes!
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.