Post
Topic
Board Trading Discussion
Re: The green shouldn't always be the reason to enter the market
by
Mauser
on 24/06/2023, 06:43:48 UTC
Sometimes when the market is red it can also be a good time to enter the market if carefully watched.  Not all green ends up with profit and not all red ends with loss too.
Traders needs to learn when is the right time to enter the market and not to judge when to enter with a particular signal.  Signals are unprecedented and may change faster than it's expected.

That is exactly the point of having realised and unrealised gains in our portfolio. Just because a current position is in the red doesn't mean it is going to stay like that and we will lose money. Every coin can have a bad day or week that will lead to setbacks, that is part of the game and we shouldn't be too concerned about it. On the other side when a coin is the green we could always sell the position and realise that gain. It's helpful to ask ourselves how high is the upside potential or does it make more sense to switch into another coin now. Crypto currencies like most other risky assets tend to move in cycles, which helps a lot the trader that faces a losses. That is also why signals can change quickly and we need to look at a wider range of signals. Only focusing on short term signals can gives us other trading recommendations than looking at more long term signals.