Hope this stuff never happens again.
A major change by the government + no support for a long long time paved the way to a long way down.
3 years later the price gets back to its previous level.
Can this resistance be broken easilly?
I'm not going to trade this I don't like having nightmares.
I recommend grabbing some popcorn and watching what happens.
Don't enter traders when support/resistances are far away, make sure you can get liquidated/have a stop loss worst case scenario you lose all your money.
Don't want to end up owing millions to a broker :D
Wish my account was ready and I could have shorted here...
How thick how dumb does one have to be to think it is a good idea to go long there, and with huge leverage?
Protect these "things"? No this is natural selection at its finest. Let it do its thing.
It really is amazing, I just wonder how anyone could figure "oh looks like I should go long with my whole lifesavings and 100 leverage here".
Come on, where are the camera's? I know I am on an alien show you don't fool me.
There really is no risk, it might be possible to take a 2% gap let's say if you really mess up.
So with 10 leverage account is down 20%.
More leverage than this is maybe too much unless you really know what you are doing, not just "think" it but can back it with proof if you had to (stats of your past trades or something and an explanation of WHY?).
And this is not a major also...
Unless you are mentally disabled or something don't let the scare stories scare you off, I guess I did that mistake and it made me miss on making money trading for years (but also when I looked at trading sites 15 years ago as a teen the minimum deposit and commissions were just incredibly high there was no way to make this work but I guess it changed or I looked in all the bad places).
Just stay away if you are a gambling casino addict that cannot control himself :
Anyway, any bad new trader like this should simply go small. WHY do these people HAVE to go huge? They don't even know if they are able to be consistant? How thick are they exactly? They wait 40 years of same monotonous life then suddenly they can't wait a few weeks or months? It's that hard?
Something wrong with the gene pool...
Give me a nice tsunami so I can one shot become a billionaire.
High, I cracked finance. I discovered how to get filthy rich.
Yet I am still slaving away. NOTHING IS TRENDING :)
Step 1 Be born very high IQ
Step 2 Crack wall street
Step 3 Too late finance is dead, wupsy bad luck.
"As if millions of macro hedge funds suddenly cried out in terror and were suddenly silenced"
Over two decades ago, George Soros took on the Bank of England, and won. Just before lunch local time, the Swiss National Bank took on virtually every single macro hedge fund, the vast majority of which were short the Swiss Franc and crushed them, when it announced, first, that it would go further into NIRP, pushing its interest rate on deposit balances even more negative from -0.25% to -0.75%, a move which in itself would have been unprecedented and, second, announcing that the 1.20 EURCHF floor it had instituted in September 2011, the day gold hit its all time nominal high, was no more.
This guy the author he is a crypto twitter person now I think lol.
Yet I am protected they are not hmmmm.
I can become the richest man in the world before the end of the year.
I am selling VIP signals for $25.