Post
Topic
Board Trading Discussion
Re: Should trades be closed only when the market is bullish?
by
Negotiation
on 25/03/2024, 15:12:09 UTC
First make a good plan, manage your risk and profit ratio, don't take more risk then the profit you are going to make, if you think for some X trade the risk is lesser and profit could be more then definitely go for it, even if the profit is not that much but risk is lesser then still go for that trade. (personal view, beside DYOR).

PS: Try to control your emotions and learn the sentiments that markets brings for us. Controling emotions is not a difficult task until you have good knowledge of FA and TA. 

I have seen many people who are very good at trading but still make these mistakes. When the price of Bitcoin goes up they get frustrated and make the wrong decision is a tendency that works in many people at different times. There seem to be many of us who give advice to others. But when we open a trade we cannot control our emotions. Because we forget that we should control our emotions.