Post
Topic
Board Trading Discussion
Re: TREND is our Friend
by
voltesbit777
on 18/02/2019, 08:51:31 UTC
Many cryptotraders are waiting for the bull run and they think that bull market is the only way to make profit in trading. But for me TREND is our FRIEND. You can make profit even in the bear market situation. Always apply the buying low and selling high. Timing is everything if you will wait for the bull market you probably lost hope in trading. Trading is far different from holding. Those who wait for bull market are holders but if you are a trader you can make profit in bear market. The elements of good trading are cutting losses. Bullishness and bearishness represent an emotional commitment. You should have a good market analysis to gain success in trading. According to Alexander Elder, "Our goal is to trade well, not to trade often."

Yes I agreed, even the market was in down scenario, we can still able to get profit, if we just know the proper way of doing on day trading.
But if you're still on the learning process you can observe first in the actual trade in the platform, try to observe those traders of how they take action when the price is moving in the market volume.