There is a saying that "the trend is our friend" and I do agree with this fact. If you can identified the trend when it commence there is no way you will not make profits in a long run. However, it is good we understand corrections and never take it as a change of directions. That is why using of trendline in identify area of support and resistance is one of the best ways to trade successfully.
"Trend is friend"
I lost a lot of money until I realized that. It is best to stay still and listen to the movements of the market. I've forgotten trading and focusing for long term. Although the profit is less, I feel safe and comfortable.
Good call to forget trading and sit back because trust me, you'll still lose a lot of money realizing that "the trend is our friend" because that knowledge doesn't also come with the power of prediction now does it? What's the trend for Bitcoin now? Bullish? Bearish? Only 2 ways to go, 50/50, yet people still get it wrong all the time. The only real winners are the exchanges taking the fees and commissions from you.
