Last week's market conditions indeed provided many opportunities. Bitcoin surged from its lows, reaching a high of around 13104, while Ethereum also followed suit, hitting 537. In just a few days, Bitcoin skyrocketed nearly 7000 points, and the volatility truly tested traders' nerves.
The key to profiting from this wave of market movement is, frankly, not chasing highs or risking positions. The market often has false breakouts and trap setups, so sticking to the main trend can be more profitable than frequent trading. Our approach is to strictly control drawdowns and lock in profits, preferring to miss some opportunities rather than chasing and selling at a loss.
Looking at main cryptocurrencies like SOL, BTC, and ETH, their movements often reflect the overall market direction. The crucial factor remains risk-reward management—making a big profit should cover several small losses, ensuring long-term stability. Next week, we will continue to watch the Federal Reserve's actions and the market's specific performance.
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Rugpull幸存者
· 22h ago
That's right. The 7000-point rally last week was indeed crazy, but I still didn't dare to chase, having been caught too many times before.
The idea of not chasing highs sounds simple, but it's really hard to do, especially when you see others making money.
I have deep experience with the risk-reward ratio. Losing 50% once requires a 100% gain to break even. It's more reliable to honestly control the drawdown.
Next week's Federal Reserve moves are indeed crucial, but for now, it's safer to stay on the sidelines.
How has SOL been recently? Has it kept up with the market? It seems to be a bit behind.
Instead of frequent trading, it's better to just hold a few mainstream coins. The mindset is much better.
Fake breakouts are really hard to defend against. I was tricked once last week, and my mindset was instantly shattered.
Locking in profits is a good suggestion, but I'm afraid of greed leading me to chase again. Repeatedly messing around, and in the end, still can't make a profit.
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HappyToBeDumped
· 01-18 17:59
The market at 7000 points, as long as your mindset doesn't collapse, you've won.
It's easy to say "don't chase highs," but hard to do. Anyway, I lost again.
Understanding the risk-reward ratio is one thing, but executing it always seems to go against it, haha.
Let's wait for the Federal Reserve; this week's market depends on the Fed's stance.
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FUD_Whisperer
· 01-18 17:58
7000 points are indeed exciting, but those chasing the highs are probably all trapped now.
Exactly, you just need to hold back and avoid reckless actions. Last week, just by controlling the drawdown, I avoided a lot of losses.
The risk-reward ratio really is almost the only way to survive.
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ReverseFOMOguy
· 01-18 17:53
It sounds good, but the key is to be able to resist acting... That day I almost chased in at 537, luckily I calmed down for two seconds.
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ConsensusDissenter
· 01-18 17:45
A fluctuation of 7000 points, I just watch others make money while I’m still messing around haha
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Chasing after the high sounds simple, but when it hits the daily limit, I still get itchy. That’s human nature, I guess.
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Profit and loss ratio management is correct, but most people simply can’t do it. I’m no exception.
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The Federal Reserve’s one sentence can ruin everything; it’s better to gamble on SOL’s luck.
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Deadly holding onto the main trend? I’ve waited two weeks and still lost. Maybe this theory isn’t suitable for me.
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I’ve heard “lock in profits” too many times, but in the end, I still got caught.
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I saw BTC hit 13104, but I didn’t get in. Now I can only look at others’ profit screenshots.
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Fake breakouts have tricked me several times. Now everything looks like a trap to attract more traders.
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CryptoMom
· 01-18 17:41
That's right, but I still got caught by the pump and dump once haha
However, your profit and loss ratio logic is indeed reliable, and the key is really to have patience
It seems that most people just get stuck on chasing highs and can't wait
This week's Federal Reserve meeting is indeed crucial, and we'll have to watch the show then
Last week's market conditions indeed provided many opportunities. Bitcoin surged from its lows, reaching a high of around 13104, while Ethereum also followed suit, hitting 537. In just a few days, Bitcoin skyrocketed nearly 7000 points, and the volatility truly tested traders' nerves.
The key to profiting from this wave of market movement is, frankly, not chasing highs or risking positions. The market often has false breakouts and trap setups, so sticking to the main trend can be more profitable than frequent trading. Our approach is to strictly control drawdowns and lock in profits, preferring to miss some opportunities rather than chasing and selling at a loss.
Looking at main cryptocurrencies like SOL, BTC, and ETH, their movements often reflect the overall market direction. The crucial factor remains risk-reward management—making a big profit should cover several small losses, ensuring long-term stability. Next week, we will continue to watch the Federal Reserve's actions and the market's specific performance.