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Author Topic: As the markets remains bullish; Do the right things  (Read 604 times)
bttmember
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December 14, 2020, 11:38:32 PM
 #61

Trading involves You, Your capital and the crypto currency market.
And literally, i have this believe that as a trader; you do not have any power over the outcome of a trade; you can only analyse and predict a core price movement.

This is why you must always do the right things; by letting the market play out; if you allow the market play out, if it ends in losses or profits; you will be comforted and easily pick your lessons especially if you do the right thing.

Always do your own research.
For me the real holding time starts now as trading crypto suits only in a ranging market, now hodlers will be making big profits in next 12 months or so and i plan to do exactly the same.

imteaz
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December 22, 2020, 12:12:09 AM
 #62

The only right thing to Do in the bull market is Sale your coin and take the profit. Many people were greedy and didn't take profit in 2017 and were under the water for many months, Trust me you don't wanna face the same situation again. Buy the low and sell the top. That's should be the motto, again be careful if you hold too long.

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December 22, 2020, 10:23:16 AM
 #63

Trading involves You, Your capital and the crypto currency market.
And literally, i have this believe that as a trader; you do not have any power over the outcome of a trade; you can only analyse and predict a core price movement.

This is why you must always do the right things; by letting the market play out; if you allow the market play out, if it ends in losses or profits; you will be comforted and easily pick your lessons especially if you do the right thing.

Always do your own research.

Although what you said seem right but i don't understand that statement "do the right thing" in this context because like you said the market determines the outcome of the trade which means it is entirely out of your control, whether you try to do the right thing or not, the market will determine what will happen - profit or loss, the only thing you can do is not get involved at all if you don't have the slightest idea what you are doing.

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ethereumhunter
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December 22, 2020, 10:50:43 AM
 #64

The only right thing to Do in the bull market is Sale your coin and take the profit. Many people were greedy and didn't take profit in 2017 and were under the water for many months, Trust me you don't wanna face the same situation again. Buy the low and sell the top. That's should be the motto, again be careful if you hold too long.

We have that lesson not to follow them, especially if we see the profit is in front of us. The profit can disappear in the next minute or hour, and that can make you regret why you do not sell it before. Do not be greedy is the key to prevent the losses when the market bullish so that you can make a profit and you can wait for a while to buy back at a low price and sell it again at a high price.

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FaucetKING
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December 22, 2020, 10:51:12 AM
 #65

Of course, our decisions are the main factor that drives us to a loss or a win, we should never blame ourselves for any outcome whether it is a gain or a loss. It's the lessons that empowers us to maintain a profit quota and stay away from losing. I must say that i lost in the past but nowadays almost 80% of my trades if they take place and if i trade are a win. Learned so much lessons and now trying to study and analyse before any movement.
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