
Trading Practices and habit
I have been trading since last year and have learned so many habits;
If your stop loss is not set, this unexpected massive drop will result in my entry becoming liquidated. Fortunately, I had set my stop loss and it was triggered. As a result, my losses were not too big.
Also useful is a fundamental analysis. If there are positive or negative news, you can also predict which way bitcoin will go.
Keep to your own TA.
There is a proper point of entry and exit. I have proven multiple times that following hype and volume will not bring any good to our trades.
If your stop loss is not set, this unexpected massive drop will result in my entry becoming liquidated. Fortunately, I had set my stop loss and it was triggered. As a result, my losses were not too big.
Also useful is a fundamental analysis. If there are positive or negative news, you can also predict which way bitcoin will go.
Keep to your own TA.
There is a proper point of entry and exit. I have proven multiple times that following hype and volume will not bring any good to our trades.
Mar 16, 2022 16:14