Difficult market days are the real test.
The market action of the past two days has been incredibly frustrating.
It's a classic "double-ended pin" market, with stop-loss orders precisely hit, only to be pulled back up again. I really want to curse.
Daytime volatility is low, making entry points even harder to find. A moment of hesitation can lead to missed opportunities, while a rash entry can easily lead to losses.
In this kind of market, hoping to capitalize on large fluctuations is essentially wishful thinking.
Short-term profit-taking within a few dozen pips is the most reliable strategy.
Take profits if you can, but if not, wait and see. Don't force opportunities.
Many people think, "If the market isn't good, don't trade," but true veterans know:
Difficult market days are the real test.
It's not about making money, but about teaching you
how to control your positions
how to take profits
how to survive difficult periods
Making money in the cryptocurrency market isn't about seeing red candlesticks every day, but about protecting yourself in volatile markets.
When the next real trend emerges, you'll still have ammunition to fire.
