Post
Topic
Board Trading Discussion
Re: Do not ignore the small profits in Bitcoin investments.
by
romero121
on 05/09/2019, 13:24:09 UTC
Thats what im trying to tell everybody. First goal should be not lose money then its up to market psychology, if its like now (fight against beat and bulls) accept little profits, if its bullish, guarantee your profit then update your stoploss in every up move and check the first strong resistance.
Yes, when we loss truly the mind won't think of anything. It just wants to get back the loss. This most of the time triggers to take wrong decisions which once again causes loss. As stated it is always good to go with profit, even if it is very small that what we've targeted. The market is volatile, and there is no need to panic, we get more and more chances to make the buying and selling. Very important thing I prefer is to take decisions depending on the market situation. When it is bullish if someone is selling it is a wrong decision. Likewise certain do's and don't need to be followed.