Quote from: pusaka on Today at 02:55:48 PM

Quote from: Cryptmuster on Today at 10:33:19 AM

Quote from: pusaka on August 18, 2024, 06:11:33 PM

Even though we can analyze very well, the market can be unfriendly to us and that makes our previous analysis messy. In a situation like this we need calm, as much as possible do not panic because it will cause us to do something that we should not do. Therefore, our mental readiness in the worst situation is very much needed, because we will not always be in a bad situation, especially this is a trade that we know ourselves how it is in it. The analysis we do will not give us a guarantee that it is what will happen, we still have to stay focused on paying attention to fluctuating market movements. If possible we can make some plans, so that when the first plan does not work we can use the second plan. A strategy like this will be very useful when facing the worst.

True, but this only concerns your strategy, in trading you can never be completely sure of any deal, the market can present unexpected surprises, so if we are talking about day trading, you need to be ready to react to the situation very quickly, in fact, this is a job that requires your full presence all the time while your deal is open.

With medium-term deals, everything is simpler, you can even use averaging, or other techniques that are acceptable for your strategy, here there are more opportunities to correct a mistake if you decide not to exit the deal but wait for the outcome. This once again shows how important it is to have the right strategy in addition to TA, in trading you can only succeed if you approach it comprehensively.

Well, this will also affect our analysis, I mean when we do daily trading, of course we will analyze the market with a time frame. We ourselves will definitely determine whether to use a short or longer time frame. If we pay attention to market movements from a certain time period, of course we must also understand very well where the price point or moment is that we can enter it. Especially if we trade with a short time, besides we must be able to analyze the market well, we are also required to have a very strong mentality. Because in such a short time we will have a much greater risk. We can lose money in a very short time. Well, we also have to pay attention to risk management, because when our predictions are wrong, at least we can still minimize the loss.

Everything should really be that in harmony or getting in line in speaking about the ways or methodon which if you are really that doing it on active manner then it would be of course needing up that active approach
when it comes to the things that you would really be doing. It would really be something that you will be able to see and notice it out on the moment that you would really be doing out such actions.
Trading psychology is something that you would really be normally be able to come up on the time that you would be able to assessing it out on what are the things that you are currently doing.
It would be normal that you would really be that mindful on what are the tools and analysis that you are applying basing up on the timeframe that you are really that trying to achieve on.

It would really be impossible that you cant really be able to make yourself that thinking up the best way or possible method that you could be having that kind of advantage. Although its never been
that an assurance that you could be ending up positively on which we know that when it comes into this aspect then it would really be that truly cant be predicted on what would happen in the
future on which it would neither a hit or miss but of course youw ould really be having that have better chance if you do know on how to apply analysis and other related aspect like risks
management and stuffs.