Many partners in the community keep messaging me asking what to do if Bitcoin doesn't drop? Should we hurry to take profits even if it's just a little?
It seems that the first step in trading hasn't been passed: facing profits and losses calmly! Because the moment you start trading, winning or losing is already within your expectations.
If in trading you can only accept profits and worry about losses, you might want to reflect on whether there’s a problem with this mindset. If there is, that’s a major taboo in trading, a wrong way of thinking. The essence of trading is to bet on probabilities; your trading skills, your trading experience, your luck, and everything else are just to amplify the probability of you making a profit, but it’s absolutely impossible to achieve 100%!
Now I’ll tell you the answer: if Bitcoin continues to rise, enter the market at the price of 96,000, and set a stop loss around 100,000. If it continues to rise, then stop loss; if it can't go up, any price is your take profit point. Trading involves trend orders with a risk-reward ratio, in simple terms, if the overall probability of profit is greater than the probability of loss, then you can enter the market.
Adopt the previous trading strategy, primarily short at highs. No matter what, let’s first see Bitcoin break the 100,000 mark, if it doesn’t, the profit space below is quite large. What do you think? $BTC $ETH $SOL
