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Plethora of factors including an exchange hack (small) and large wallets moving funds to exchanges.
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There is more news than just that out there like big wallets moving funds and such as well
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I look at it on a longer timeframe and a log scale. Helps to ease much of the anxiety
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I've had countless times where my pretty lines drawn from longer timeframes have matched up perfectly and helped confirm trends
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Looking at overall price trends from multiple timeframes helps. Also looking at fiat vs sat value. There is a 90/90/90 rule for trading as well. ()% of traders lose 90% of funds in the first 90 days. Cost of education for a lot of it
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Pattern recognition and knowing psychology can help out a lot in trading. A lot of good traders just have solid intuition
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Lack of understanding and the volatility of it. Some may be waiting for the next big drop like we had today.
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Treat them all like the next Gox and you wont have an issue
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Set profit limits in accordance with what the overall market is doing. Yesterdays 20% gain could be todays 4% gain
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With it being a large cap it tends to follow BTC rather closely but slightly more extreme
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Acting like a robot seems to work out quite well. No emotions, only profits
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Buy and hodl while you learn the basics of trading, then start doing it with small amounts.
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I draw pretty lines on a chart and follow price action for BTC
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