Strategic Trader: Reacting to the Market with Planning
It is common to see heated discussions on social media about what will happen to Bitcoin or other altcoins. Some claim that prices will skyrocket; others bet on sudden drops. However, for those who follow technical analysis and have learned to control greed and accept losses using stop-loss, the focus is not on predicting the market's next move, but on planning their own reaction to it.
The real concern of a strategic trader is not what the market will do, but rather what they themselves will do in the face of market fluctuations. Therefore, instead of wasting energy trying to guess the future, I prefer to adjust my stop-loss based on the target I have projected. If I see the possibility of a larger movement, for example, I can choose to adjust the stop based on the weekly chart, seeking more flexibility.
It all comes down to the analysis I have performed, and not to speculations about the market. It is planning and discipline that keep a trader in control, regardless of what the market decides to do.
If you are interested in developing a more strategic and emotionally balanced view of trading, my physical book Crypto Metaverse and NFT: The Definitive Guide for Beginners in the Digital World is available at UICLAP, and the e-book version can be purchased on Amazon. In addition, I will soon be releasing a new book that will delve into technical analysis and behavioral psychology applied to the market. For more information or questions, leave your comment and I will contact you.
