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Author Topic: Current price action / correction  (Read 363 times)
Derekfunds
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Today at 10:02:24 AM
 #41

Lets Look at the last 100 drops. You easly observe a phenomena of  Retail panics taking place every single time over normal noise while order books tell a completely different story. Stop trading every 5% swing and look at actual volume.

If you entered the trade simply because price was moving up with a very high momentum without waiting for a pull back or for market to come back and sweep some liquidity then you will definitely be liquidated, a strategic and discipline trader will never jump into the market because of the buying momentum because you wouldn't have a nice place to set your SL. However, I know everyone can not have same trading plan so different people sees different thing in the market but who is right and wrong is always determine by the price action.

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batang_bitcoin
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Today at 10:59:15 AM
 #42

However, I know everyone can not have same trading plan so different people sees different thing in the market but who is right and wrong is always determine by the price action.
That's it. Not everyone will have the same plan as the other profitable traders. And not all of us are going to be traders and those who are trying to be one, they'll see it for themselves if it's for them and profitable. But if they have realized that trading is not for them, they can opt to holding. Every reaction that the market falls, they can start to DCA at any amount that they can afford to. Swing isn't bad if you are profitable but every time you profit, secure some for additional funds in holding.

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