Quote from: Denreal on July 25, 2020, 11:59:29 PM

Quote from: mt55 on July 19, 2020, 04:40:27 PM

Don't take news too seriously as markets don't care.

I used to think tat news works, but my notion proved me wrong many times. The market most times is unpredictable. Although, it dos not mean you cannot make predictions that will work, but they cannot be accurate. One who knows this well always take precautionary measures, should incase the unforeseen happens, there should always be a plan B, so that one does not get stocked.

I came to the same realization long time ago, I would see a news and think the market will react in a certain way and nothing happened and then out of nowhere when there was no important news the market will move very rapidly, since then I decided to just watch the price of the coins in which I was interested, this simplified my system and made it way easier to trade, and this is important as well because even if you have a system that earns you profits it is for nothing if you have to be glued to your screen monitor 24/7, it is better to have a system that earns less but which only needs a few minutes per day to be effective.