I must stop using indicators and rely on your trading skills when there is a very violent movement. Do not take any buy or sell signals from indicators, whether with the trend or against the trend. I always prefer this method.
Analysis $BTC Today's solution Find a buy deal #BTCNextATH?
Oh my God, this is the worst thing in the financial markets that makes everyone lose money,
People always gain the controlling mindset because of an idea or a pattern that is repeated in front of you in a certain idea that controls you
The idea may be correct and achieve great results
Or it may be a failure, so it takes you to the air and you lose a large amount of capital in this deal because you trade based on emotion only
Do not rely on the analysis, whether technical or fundamental, that controls you, or for me, the market has changed direction when you know this, it is too late,
What is the best treatment for such a situation
I always trade without a stop loss, I do not use it, but when I have an idea that controls it, I do a hinging away from the market for at least 4-8 hours, then I come back and see what happened in the market. This is the best solution for me, someone else may find a better way than this,
Bitcoin reached the target as shown in the picture $BTC #BTCBreaksATH
KARIM-99
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Trading strategies.
I was sitting in a cafe with my friend who has been a trader for two months and has studied the stock market for six months, He told me that in the previous two months he had not made any profit so far. I asked him why he had not made at least 3% of the capital. He told me I use a difficult strategy and every week I change my trading method but I notice the same thing I win maybe 3 trades and lose them in one trade knowing that he followed strict capital management,
I always see most people thinking in the wrong way, always looking for a recommendation for the currency after making the decision whether to buy or sell, and this is what causes him a problem in managing the deal because after every deal is opened, it must be managed whether in the case of a profit or in the case of a loss, so that he does not get out of the deal who has a lot of problems. Some people will see them as one side and others as another point of view, and this causes distraction and failure to manage the position in the correct way, and I may waste opportunities from his hands.
I was sitting in a cafe with my friend who has been a trader for two months and has studied the stock market for six months, He told me that in the previous two months he had not made any profit so far. I asked him why he had not made at least 3% of the capital. He told me I use a difficult strategy and every week I change my trading method but I notice the same thing I win maybe 3 trades and lose them in one trade knowing that he followed strict capital management,
Incorrect use of the indicator. I have seen many people use the indicator in the wrong way, this leads to losing money. I was previously like them, for example, the MA indicator or the moving average indicator. Some people use the indicator to determine the trend, and this is a big mistake. For example, the MA50 gives you the average price movement of the last 50 days, which is the normal rate of price movement for the last 50 days. When the price is far from the indicator line, whether it is in an upward or downward trend, it was cautious or the market changed the movement or entered a state of price consolidation from it or changed the movement or continued the movement after the price returned to its normal rate of movement. In the currency #SOLUSD , the price was rising violently in the last two days, then there were sudden movement changes because the price made a big profit after the profits. The market maker takes part of the profits, so it appears that the market is collapsing, but in the end the trend is upward, but the price initially returns to the normal rate of movement. This cycle continues with all currencies, commodities, and anything related to the financial market. In the end, before using any indicator, you must first know what the function of this indicator is so that you can use it in an ideal way. $SOL #SOLVLaunchOnBinance
Guys I trade Fox currencies and commodities but I use the platform to transfer the first I saw people pushing each other into the abyss what happened in the #TRUMPOnBinance currency and they buy the currency without analyzing the currency will rise again, or it will not rise again but you must buy based on analysis, do not enter into a wave that arises from nothing but there must be reasons, you must know the average movement of the currency in the day if you see a strange movement do not involve yourself without reasons to preserve your capital at least it is a profit and always trade intelligently and do not get ahead of the movement today I sold bitcoin below 104 because the analysis tells me that below 104 it will head to 101 at least, and I sold sol below 260 and the analysis tells me that below 60 it will head to 240 Always be smart and wait for the movement to arise, do not be the action but be the reaction. $SOL $BTC #TRUMPCoinMarketCap