Recently, I've seen a bunch of people watching on-chain large transfers and fluctuations in exchange hot and cold wallets, claiming it's "smart money" giving orders... I also enjoy watching, but don't let the terminology distract you. Data availability, ordering, and finality all boil down to one main point: Are the candlestick and volume you see actually "happening," is the sequence being manipulated, and will there be a reversal in the end?



For intraday trading, I care more about this: if finality is slow, news can cause emotions to spiral out of control, and chasing after it can easily lead to losses. My way of fixing this isn't fancy—it's just a "patch" for myself—when I see large transfers, I hold back; wait for a confirmed candlestick or volume to decline before acting. If my heartbeat gets too fast, forget it, I go for a walk away from the computer. Discipline is about small repairs and adjustments; don't expect to install a big update and never make mistakes.
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