Post
Topic
Board Trading Discussion
Re: BTC/USD update 12/3/2018
by
outsidertrader
on 04/12/2018, 19:17:24 UTC
Until your all expected targets are getting achieved you will feels like this only, but when the market goes opposite of your trades you will feel terrible. This is the rule of trading. So i think the market will give movement after 2 or 3 days as right now it will be confusing the traders to move which side and then it will start moving. And if my view is not wrong first it will show $4300 level and then immediately it will go down and test $3600 level.

This is a common mistake among traders.

The price is unpredictable, it is only projectable. It means that can reach it or not, you must not blindly believe in projection, it is only a basis for evaluating opportunities.

The trader should focus on finding the immediate trend, entering the right moment, defending his profit and avoiding great losses.

The market is like a living thing. He is constantly trying to survive, reproduce, and grow. Its power is the volume, it goes where there is more volume, it is of volume that it feeds.

If you believe it will go up to 4.3K you should buy it when it signals purchase. Make profits when you reach primary goal and keep a profit stop for the rest of the position. In case of reversal in the 4.3k you should go short, even if your goal is 3.6k you should keep a trailing stop.

That's how it works. Tracing lines and figures in the charts is very beautiful, serves to teach and analyze a current condition, but can not predict anything.