To answer someone's question, I'll create this analysis.
Yes, there are two scenarios.
- Wave 4 is complete.
- There's an extension of Wave 3.
You can see the image for clarity.
Now, in terms of trading, I think money management is number one, so I've set several conditions in my trading.
- I won't chase green candles (no FOMO).
- I'll only buy when they touch my analysis (with discipline in your analysis, you'll get results).
- I'd rather have no position than have my position stuck at the top for a long time (trading isn't a competition; I don't chase targets).
In my analysis I put more emphasis on money management, how to keep your account safe, not get rich instantly
Can I achieve good results in trading with these rules? You can see my portfolio.
I started trading with 650 USD.
Why do I diligently share my analysis? (For me, this is my charity and a form of gratitude to God?)