Post
Topic
Board Trading Discussion
Re: The green shouldn't always be the reason to enter the market
by
TheUltraElite
on 08/07/2023, 12:43:35 UTC
How you can know the market is on its way up is when it's green because that's when the market will be pumping and you can also make some gains during this period but you should also take profits early so you don't miss out on your profits because of holding too long.
The break even price becomes the point of preparation to sell. Once that is crossed, the traders usually start selling after seeing a maximum possible profit in a bull market. However at the price, only those who bought at 25k USD or lower are the ones who will sell.

Those who bought at the higher prices than this will be holding patiently. This patience is what makes the difference between traders. Seeing others book profits and exit should encourage others to keep this patience because that will help them buy at much low prices and then sell at very high prices.

Obviously the green market attracts a lot of new traders, but this is the time to sell and not buy, hence again patience comes into the play.