LUNAUSDT Part 2: My Opinion of TRADING a Falling Knife
Hi Everyone! Yes, I started out this video with a bit of ANALYTICS first. THEN I got into my opinion of TRADING a "falling knife" situation.
Hope this is helpful...
Happy Trading and Stay Awesome!
David
Hope this is helpful...
Happy Trading and Stay Awesome!
David
Comment:
UPDATE:
Sharing my reply to a group on Discord:
WHY?
I want others to LEARN from my mistake...
"I did not RESEARCH luna at all. NONE... I didn't even know it's primary focus was a stable coin (UST). I had no idea it lost its peg to the dollar either when I posted those two publications. NO IDEA... I went on the assumption, "This is a top 10 coin... SURELY it will find support no lower than proximity to $10 then bounce back up. Hence, the reason I had one last buy order setup at $9 before I went to sleep with it around $31.
I got an alarm crossing under $9. and THEN I began my research.
First on youtube.
I searched luna most recent videos and see it had a stable coin that lost its peg to the dollar. Then my hart sunk... along with the price..."
I did not sell when it was at $7.xx either. I held on to hope while ignoring the obvious FUNDAMENTAL events unfolding.
I also remember holding on to hope when it was around $4.20 and bought more. LEARN from my mistake...
So, if you EVER get in such a situation with a falling knife due to something like this. It would be better to sell and take your loss because it can go to ZERO
Sharing my reply to a group on Discord:
WHY?
I want others to LEARN from my mistake...
"I did not RESEARCH luna at all. NONE... I didn't even know it's primary focus was a stable coin (UST). I had no idea it lost its peg to the dollar either when I posted those two publications. NO IDEA... I went on the assumption, "This is a top 10 coin... SURELY it will find support no lower than proximity to $10 then bounce back up. Hence, the reason I had one last buy order setup at $9 before I went to sleep with it around $31.
I got an alarm crossing under $9. and THEN I began my research.
First on youtube.
I searched luna most recent videos and see it had a stable coin that lost its peg to the dollar. Then my hart sunk... along with the price..."
I did not sell when it was at $7.xx either. I held on to hope while ignoring the obvious FUNDAMENTAL events unfolding.
I also remember holding on to hope when it was around $4.20 and bought more. LEARN from my mistake...
So, if you EVER get in such a situation with a falling knife due to something like this. It would be better to sell and take your loss because it can go to ZERO
Comment:
UPDATE:
Sharing my reply to a group on Discord:
WHY?
I want others to LEARN from my mistake...
"I did not RESEARCH luna at all. NONE... I didn't even know it's primary focus was a stable coin (UST). I had no idea it lost its peg to the dollar either when I posted those two publications. NO IDEA... I went on the assumption, "This is a top 10 coin... SURELY it will find support no lower than proximity to $10 then bounce back up. Hence, the reason I had one last buy order setup at $9 before I went to sleep with it around $31.
I got an alarm crossing under $9. and THEN I began my research.
First on youtube.
I searched luna most recent videos and see it had a stable coin that lost its peg to the dollar. Then my hart sunk... along with the price..."
I did not sell when it was at $7.xx either. I held on to hope while ignoring the obvious FUNDAMENTAL events unfolding.
I also remember holding on to hope when it was around $4.20 and bought more. LEARN from my mistake...
So, if you EVER get in such a situation with a falling knife due to something like this. It would be better to sell and take your loss because it can go to ZERO
Sharing my reply to a group on Discord:
WHY?
I want others to LEARN from my mistake...
"I did not RESEARCH luna at all. NONE... I didn't even know it's primary focus was a stable coin (UST). I had no idea it lost its peg to the dollar either when I posted those two publications. NO IDEA... I went on the assumption, "This is a top 10 coin... SURELY it will find support no lower than proximity to $10 then bounce back up. Hence, the reason I had one last buy order setup at $9 before I went to sleep with it around $31.
I got an alarm crossing under $9. and THEN I began my research.
First on youtube.
I searched luna most recent videos and see it had a stable coin that lost its peg to the dollar. Then my hart sunk... along with the price..."
I did not sell when it was at $7.xx either. I held on to hope while ignoring the obvious FUNDAMENTAL events unfolding.
I also remember holding on to hope when it was around $4.20 and bought more. LEARN from my mistake...
So, if you EVER get in such a situation with a falling knife due to something like this. It would be better to sell and take your loss because it can go to ZERO
Comment:
UPDATE
I got hit hard... However, I WILL BOUNCE BACK!!!
I got hit hard... However, I WILL BOUNCE BACK!!!
Spent the day yesterday licking my wounds from my huge loss with LUNA.
LEARN FROM MY MISTAKE! What mistake?
I did absolutely no research on LUNA TERRA. I had no idea it was mainly a blockchain focused on a stable coin protocol. I had no idea its stable coin lost its peg with the dollar when I posted my LUNA publications.
If I had simply done a LUNA search on youtube for recent posts, I would have seen it lost its peg with the dollar and would have stayed away from it.
That was only one of the errors I made with LUNA. I basically had orders in every dollar down from $18 to $9 dollars while I was sleeping. Got awakened with an alarm when we went below $9 and ultimately began my search on youtube to find out what all was going on. THIS SHOULD HAVE BEEN DONE BEFORE I GOT INVOLVED WITH LUNA.
I have spent the majority of my time focusing on perfecting my technical analytics and have not done research (fundamental analysis) on crypto projects in years. The last one I really did fundamental analysis for was Cardano.
Anyway, I took a hard hit financially. Spent the day yesterday licking my wounds and explaining to my wife what occurred. Now, that's over and all I can do is LEARN from this; resolving not to let this occur again. NOW, it is TIME to grow once again.
I'll provide an analysis for BTCUSD in approximately an hour or so.