Hello Folks,
The dynamics of trading the market change after a specific period. My concern is the spike that usually occurs especially when you are in one direction and the market moves in the opposite direction. Have you experienced such before, what is the best approach a person can take to salvage the situation?
I have had a few suggestions like opt-out, some have said canter trade so you can recover. Do well also to share how one can avoid this possible scenario.
The dynamics of trading the market change after a specific period. My concern is the spike that usually occurs especially when you are in one direction and the market moves in the opposite direction. Have you experienced such before, what is the best approach a person can take to salvage the situation?
I have had a few suggestions like opt-out, some have said canter trade so you can recover. Do well also to share how one can avoid this possible scenario.
One trend cannot suddenly reverse its direction, so either you failed to read the one trend or you are trading in a currency with low liquidity.
The one trend occurs when the price of Bitcoin rises to break the support level with enough trading volume for the continuation of the one trend, so after breaking the support level, you must check whether there is enough trading volume? If this is true, then the price will not reverse a trend within the hour, 15, 24 hours. Low liquidity depends on the platform you are trading on and whether the altcoin is highly liquid or not.
