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,
Experienced this when trading currencies like the dollar, Euro etcetera and normally these spikes happen when News is being released, and actually that's when markets are the most volatile...just not sure if crypto is affected by such fundamentals 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,
. For the safety of your account I advise you not to trade when news is being released as adding a stop-loss wouldn't stop this either. what is the best approach a person can take to salvage the situation?
Best remedy don't trade news at all cost!!!Secondly don't over expose your account, use proper risk management!
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.
Mate you can't win all our trades, if you are wrong ...you are wrong this is part of trading.