Quote from: Monarch B on February 20, 2024, 08:01:56 AM

Quote from: cabron on February 20, 2024, 06:44:00 AM

In a bull market, I think the TA may not work at some point, it follows certain behavior as the market reacts to the sentiments but TA does work in most cases when the market goes sideways or even in the bear market.

The only psychological in trading is controlling the trader's greed which is why most advice says don't be too emotional about it. Sometimes when a trader can't wait for the right price and just keeps buying and not knowing why, he'll end up losing.

TA means: Technical Analysis.

Yes I will keep your words in mind that greed must always be controlled I am like this.

Think I've taken a trad and that trade is profitable but at that point I'll be craving more to make a little more profit. Just after a while it will be seen that my profit amount is decreasing little by little. Grin

Again when there is no trade maybe or going towards loss my stop loss is close to what is given then fear works in the mind which comes out little by little. Maybe I got out and then the market started to go up again. That kind of risk works in my mind. Undecided

Maybe that's why I haven't been able to set my mind till now. Thanks for your feedback. Cheesy

Technical analysis is important and it works though that's not all, maybe you should be getting intouch with news from the crypto market after which you back it up with your analysis and you trade.

And when you analyze stick to your plan no matter what. Study the best areas to place your stop and tp very important.for me I do increase my stop lose a little and reduce my profit margin because I discovered most of my trade hit sl and play out perfectly afterwards while some trades to my tp region and bounces back. So discover what works perfectly for you and try doing it exactly all the time it might help.