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Author Topic: My trading constitution.  (Read 880 times)
TheUltraElite
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May 09, 2024, 04:18:33 PM
 #101

But it is not an easy thing to just know you need to buy low and sell high. How can you execute that if you don't know when the price of the market will be considered low now and later on it will go up?
When the bitcoin price drops below 60k, it is a buying signal and if it further 55k and so on, you should definitely be buying. If it continues to drop, ration your available funds into different buying levels as the price continues to drop. Follow this till you are out of cash to spend on buying from your allotment.

Now the selling starts when you start to break even from each level. Keep the least price of buying held back for the maximum profit form that and you can start selling the rest of the positions.

This is one summary of how to apply a buy low sell high method, there are variations to this and you can modify this as per your funds and needs.

 
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synchronym
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May 12, 2024, 04:26:03 AM
 #102

If you don't think about your profit or loss before trading, how can you proceed with trading?  Check and trade for a long time, of course we will get proper success. Trade many times even big traders lose patience so we should not lose patience if we can trade patiently with long term investment then we can build our life beautifully from this trade
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May 12, 2024, 07:07:20 AM
 #103

Is it just me? Labelling it with such system makes it sound like a scam that we usually see on the web.

However, it is true that it all comes with a strategy or you call it a system.

There have been too many traders that think trading is an easy thing and profitable without having solid foundation and knowledge.

But little did the know, they have to go through extreme losses before understanding the profitable strategy that they will come up with.


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KeenanEl19
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May 15, 2024, 04:48:09 PM
 #104

If you don't think about your profit or loss before trading, how can you proceed with trading?  Check and trade for a long time, of course we will get proper success. Trade many times even big traders lose patience so we should not lose patience if we can trade patiently with long term investment then we can build our life beautifully from this trade

If we only think about profits at the start then that's clearly not good, because it can make everything fall apart, like with the patience you said. Of course, if at the beginning before trading we think about profits, that already indicates that we are impatient, whereas to trade of course we have to be patient. It is very unlikely that we can make a profit if we only think about profits without thinking about other things.

I agree with what you say, even with big traders who are experienced if they trade and lose patience they can experience potentially large losses. therefore we must be as patient as possible to get good results. and I think the problem is patience, where many people are of course impatient when it comes to profits.
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